Coinbase said on June 12 it is preparing the next phase of its “Everything Exchange,” aiming to let users access crypto, stocks, ETFs, cash, perpetual futures, prediction markets, and rewards from a single account. The company highlighted goals including instant settlement and 24/7 availability, and said its roadmap covers nearly 10,000 stocks and ETFs. Coinbase added it plans to reveal the next phase on June 16.

On-chain trackers flagged a 75,000,000 USDT transfer leaving a Binance-associated wallet on Ethereum. The transaction (hash: 0x0b880…8abc7) moved funds to an external address, while the recipient and purpose remain unclear. Traders are watching the outflow as stablecoin reserve shifts can coincide with broader market repositioning.

Bybit launched SPCXX, a tokenized SpaceX product under the xStocks framework, on its Spot market and introduced related reward campaigns. SPCXX trading and deposits go live at 16:20 UTC on June 12, 2026, with withdrawals opening at 10AM UTC on June 13, 2026. Users can join a 200,000 USDT Token Splash tied to SPCXX spot volume, and new users may qualify for a 10 USDT bonus after completing 100 USDT deposit and 100 USDT SPCXX trade steps.

On Thursday, June 11, U.S. bitcoin spot ETFs logged $19.03 million in net outflows for a fifth straight session, even as Blackrock's IBIT took in $30.26 million and Morgan Stanley's MSBT added $2.19 million. Ether ETFs also stayed negative, recording $15.89 million in outflows for a third consecutive day, while HYPE ETFs gained $622,020 and solana ETFs slid back to $4.38 million in net redemptions.

On June 12, several crypto trading platforms reported allocation disruptions tied to SpaceX IPO-themed offerings as retail demand surged. Binance and Bybit said they canceled or refunded parts of their campaigns after they were unable to secure enough underlying shares, while some Robinhood users also reported partial fills.

Binance has added bStocks Tokenized Security SpaceX (SPCXB) to its lineup, introducing a SpaceX-linked tokenized security to users of the exchange. The product is described as 1:1 backed with 24/7 trading and is positioned as tokenized exposure rather than direct ownership of SpaceX equity.

Bybit, Binance and Bitget have withdrawn their planned allocations for tokenized exposure to SpaceX's IPO after failing to obtain enough underlying shares, and each says affected users will be refunded. Bybit said Friday it will return all subscription funds and add a 10% consolation reward, while Binance said it will refund locked USDC and distribute a share of a $1 million airdrop tied to its upcoming SPCXB token.

SpaceX began trading on Wall Street under the SPCX ticker after selling 556 million shares at $135 each, with the stock opening at $150 and later swinging as high as $170 before slipping below $160. The IPO raised $75 billion and pushed SpaceX's market capitalization above $2 trillion, placing it ninth globally at the time of reporting. The newly assigned trillion-dollar valuation also lifted Elon Musk's paper wealth, with one post claiming he became the world's first trillionaire.