SPCX Perpetual Liquidations Top $76 Million as SpaceX-Linked Derivative Slides

SPCX perpetual contract liquidations topped $76M in 24h, placing third behind BTC and ETH, as the linked derivative fell below its $150 opening price.

• Tokenized equity derivative SPCX experienced over $76 million in liquidations, ranking third behind Bitcoin and Ether, as its price fell below its opening level.
• The event highlights the volatility and risks associated with leveraged tokenized equity products, especially for private companies whose share prices rely on secondary market data and oracles.
• The incident underscores the evolving regulatory landscape for tokenized assets and the need for robust risk management systems as institutional interest grows.

Topics: Asset types, Institutional adoption, Legal regulatory, Alternative assets, Asset manager initiatives, Securities law classification

Tags: #spcx #spacex #tokenizedequity #perpetualfutures #liquidations #derivatives #leverage #volatility #regulation #oracles

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Solana Burn Boom Meets RWA Mania as Network Captures 96% of Equity Volume

Solana proposals could double SOL disinflation to 30% as the network captures 96% of onchain equity volume.

• Solana is experiencing significant activity with proposals to double SOL disinflation to 30% and a surge in tokenized equity trading, capturing 96% of on-chain volume.
• Key tokenomics proposals (SIMD-550 and SIMD-553) are nearing completion, potentially increasing daily SOL burns significantly and reducing emissions.
• The network also saw growth in AI, infrastructure, and gaming sectors, contributing to its overall ecosystem activity.

Topics: Asset types, Scalability, Blockchain usage, Equity, Growth metrics, Ethereum evm l 1 s

Tags: #solana #tokenizedequities #rwa #soldisinflation #anzaceo #simd550 #simd553 #onchainequityvolume #backpack #spcx

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SpaceX receives Baa1 investment grade rating from Moody’s as company goes public with $1.29B Bitcoin treasury

• SpaceX has achieved a Baa1 investment-grade rating from Moody's, coinciding with its $75 billion IPO.
• The company disclosed a significant treasury of 18,712 BTC, valued at $1.29 billion, on its corporate balance sheet.
• This rating is strategic for SpaceX, enabling lower interest rates on its substantial debt, though potential liquidation of Bitcoin holdings is a noted risk.

Topics: Asset types, Institutional adoption, Bitcoin treasuries, Financial instruments, Asset manager initiatives, Corporate treasury strategy

Tags: #spacex #moodys #investmentgrade #ipo #bitcointreasury #corporateholdings #balancesheet #debtrefinancing #spcx

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Solana hits record $188M in tokenized equities trading volume

Tokenized equities on Solana just posted a 24-hour trading volume of $187.9 million, shattering the category’s previous records. The SPCX token, which r | Bitget crypto news!

• Solana has seen a record-breaking $188 million in 24-hour trading volume for tokenized equities, largely driven by the SPCX token representing SpaceX shares.
• The platform's dominance in this market, capturing 85% of global volume, highlights the growing interest in tokenized assets facilitated by regulated entities like Backpack Securities.
• The article discusses the implications of 24/7 trading, concentration risk on Solana, and potential regulatory scrutiny from agencies like the SEC.

Topics: Asset types, Blockchain usage, Institutional adoption, Equity, Ethereum evm l 1 s, Onboarding prime brokerage

Tags: #solana #tokenizedequities #spcx #spacex #tradingvolume #backpacksecurities #regulatedbrokerdealer #marketdominance #247trading #sec

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