Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

Before Soaring to a $1.5 Trillion IPO, Musk Almost Lost Everything

Elon Musk's SpaceX is on the verge of a historic $150 billion IPO, targeting a $1.5 trillion valuation, which could make Musk the world's first trillionaire. This marks a dramatic turnaround from the company's near-collapse in 2008. Founded in 2002, SpaceX faced immense skepticism and technical failures. Its first three Falcon 1 rocket launches ended in explosions, nearly bankrupting the company and coinciding with Musk's personal crises during the 2008 financial meltdown. The fourth launch succeeded, saving the company and securing a crucial $1.6 billion NASA contract for space station resupply. SpaceX's breakthrough came from applying first-principles thinking. Musk challenged industry norms by insisting on reusable rockets, achieved in 2015 when the Falcon 9 first stage successfully landed. This drastically reduced costs. The same logic led to building Starship from stainless steel instead of expensive carbon fiber, slashing material costs by 40x. The key driver of its $800 billion pre-IPO valuation is Starlink. With over 7.65 million subscribers and covering 24.5 million users, it provides over 80% of SpaceX's revenue, transforming the company into a global telecom giant. Musk, who long resisted going public to avoid distractions, now sees the IPO as essential to fund his ultimate goal: making humanity a multi-planet species. The raised capital will fuel the development of Starship and the ambitious mission to establish a city on Mars.

marsbit12/19 10:01

Before Soaring to a $1.5 Trillion IPO, Musk Almost Lost Everything

marsbit12/19 10:01

Fragmentation drains up to $1.3B a year from tokenized assets: Report

Fragmentation across blockchain networks is causing significant economic drain in the tokenized asset market, with inefficiencies costing up to $1.3 billion annually, according to a report from RWA.io. The lack of interoperability traps liquidity and prevents capital from moving freely, causing identical or economically equivalent real-world assets (RWAs) to trade at price differences of 1% to 3% across different chains. These inefficiencies hinder arbitrage and price discovery. Additionally, moving capital between chains results in transaction losses of 2% to 5% due to fees, slippage, and operational risks. If unresolved, these issues could escalate to $30–75 billion in annual losses as the tokenized RWA market grows to an estimated $16–30 trillion by 2030. Despite these challenges, tokenized assets continue gaining adoption, with recent moves by companies like Securitize and Coinbase to launch onchain stock trading.

cointelegraph12/19 09:53

Fragmentation drains up to $1.3B a year from tokenized assets: Report

cointelegraph12/19 09:53

CZ Year-End Q&A Summary: Besides Giggle Academy, What Else Is He Planning?

CZ, the founder of Binance, recently participated in a year-end AMA hosted by BNB Chain, sharing his perspectives on various topics. He discussed his current focus post-retirement as CEO, which includes four key areas: Giggle Academy, a free educational platform; YZi Labs, where he mentors entrepreneurs; providing strategic oversight for BNB Chain; and advising governments on regulatory frameworks. CZ highlighted BNB Chain's significant growth, with a 600% increase in transaction volume and over 200 million daily active users. He emphasized the potential for crypto to grow beyond its current 1% global wealth penetration. On market trends, he expressed support for multiple prediction markets without favoring single players, advocated for yield-generating stablecoins (like Ethena's USDe) as the future, and identified AI Agents as a major driver for crypto payments due to their inability to use traditional banking. He also discussed Real-World Assets (RWA) tokenization at a national level, particularly for resource-rich countries seeking liquidity. For entrepreneurs, CZ stressed the importance of being mission-driven rather than opportunistic, and advised technical founders to achieve expertise before focusing on soft skills. Overall, CZ emphasized long-term building and patience, citing Nvidia's decades-long journey to success as an example.

marsbit12/19 09:24

CZ Year-End Q&A Summary: Besides Giggle Academy, What Else Is He Planning?

marsbit12/19 09:24

Over 90,000 Users Participated, 1 Million USDT in Rewards Distributed! Huobi HTX Peak Tournament Concludes Successfully

Huobi HTX's "Peak Competition" trading tournament has successfully concluded, attracting over 90,000 participants and distributing nearly 1 million USDT in rewards. The event generating over 14 billion USDT in total trading volume, significantly boosting platform liquidity. The competition featured three core formats: Points Race, Individual Challenge, and Team Competition, with separate tracks for spot and futures trading. Approximately 56,000 users joined the individual challenges. The team events were particularly intense, with 126 teams competing. The spot trading champion, "Brother Sun's Juniors," won with a strategy focused on high-liquidity assets like BTC and ETH. The futures champion, "Little Green Dragon Community," was praised for its strong cohesion and discipline. Looking ahead, Huobi HTX announced that the 2026 competition will introduce major upgrades, including an "AI Strategy Captain" for human-machine collaboration, new ranking lists based on profit and yield to highlight skilled traders with smaller capital, an intelligent team formation system, and a "one-click copy trading" feature. The prize pool will also be expanded to create a more inclusive and professional global trading arena.

深潮12/19 09:19

Over 90,000 Users Participated, 1 Million USDT in Rewards Distributed! Huobi HTX Peak Tournament Concludes Successfully

深潮12/19 09:19

MEET48 2026 AI Entertainment UGC Platform and Web3.0 Development Strategy Launch Event to Be Held in Seoul on December 26, with Technical Support from BNB Chain

"MEET48, in collaboration with POChain, AuditionsGO, Hash Global, Web3 Entertainment Alliance, and The Fan, will host the 'MEET48 2026 AI Entertainment UGC Platform and Web3.0 Development Strategy Launch Event' on December 26, 2025, in Seoul, with technical support from BNB Chain. The event will showcase MEET48's global development strategy, focusing on deep integration of AI, UGC, entertainment, and Web3 technologies. Key announcements include strategic partnerships with Zanybros and Gaudio Lab to advance joint development in AI models, virtual idols, music production, interactive games, and Web3 fan ecosystems. The发布会 will also feature live performances and a fan meet-and-greet. Additionally, POChain—an AIGC-focused L1 blockchain compatible with BNB Chain—will be introduced as MEET48's underlying infrastructure, enabling low-cost, decentralized content creation and value recognition through its native token $POC. MEET48 aims to transform fans from passive consumers into active creators using AI tools within a Web3-based idol economy ecosystem."

深潮12/19 09:15

MEET48 2026 AI Entertainment UGC Platform and Web3.0 Development Strategy Launch Event to Be Held in Seoul on December 26, with Technical Support from BNB Chain

深潮12/19 09:15

Do Kwon in Jail But Terra Drama Continues — Bankruptcy Estate Sues Jump Trading

While Terra founder Do Kwon is serving a 15-year prison sentence, the fallout from the 2022 collapse of TerraUSD (UST) continues. The bankruptcy administrator for Terraform Labs has filed a lawsuit against Jump Crypto, alleging the trading firm engaged in shady deals with Kwon that contributed to UST's failure. The complaint claims Jump secretly profited from discounted LUNA tokens and manipulated the market by secretly propping up UST during a 2021 depegging event, masking its structural weaknesses. The lawsuit further alleges the Luna Foundation Guard improperly transferred nearly 50,000 BTC to Jump without a formal agreement. Seeking roughly $4 billion in damages, the administrator accuses Jump of market manipulation and self-dealing that enriched the firm while devastating retail investors and triggering a broader crypto market contagion.

ccn.com12/19 08:55

Do Kwon in Jail But Terra Drama Continues — Bankruptcy Estate Sues Jump Trading

ccn.com12/19 08:55

Valuation at $1.25 Billion Post-SPAC Listing, Securitize to Issue "Real Equity" On-Chain Stocks

Securitize, a leading RWA (Real World Assets) platform, plans to launch native on-chain equity products by Q1 2026. Unlike synthetic or beneficiary tokenized stock models, Securitize will issue legally recognized shares directly on the blockchain, recorded on the issuer’s official cap table. Token holders will possess full shareholder rights, including dividends and voting. Valuing at $1.25 billion post-SPAC merger (ticker: SECZ), Securitize has already tokenized over $3 billion in assets through partnerships with major institutions like BlackRock (notably its $1.7B BUIDL fund), Apollo, KKR, and VanEck. Its investor base includes Coinbase, Morgan Stanley, BlackRock, and ARK Invest. The company aims to bridge TradFi and DeFi through compliant, regulated digital securities infrastructure, positioning itself as a key player in the institutional adoption of on-chain finance.

marsbit12/19 08:43

Valuation at $1.25 Billion Post-SPAC Listing, Securitize to Issue "Real Equity" On-Chain Stocks

marsbit12/19 08:43

Valuation at $1.25 Billion Post-SPAC Listing, Securitize to Issue "True Equity" On-Chain Stocks

Securitize, a major RWA (Real World Assets) platform, plans to launch native on-chain stock products by Q1 2026. Unlike synthetic or beneficial-rights models that track prices or represent indirect claims, Securitize will issue legally recognized shares directly on-chain, with tokens representing full shareholder rights including dividends and voting. These shares will be recorded on the issuer’s official cap table. Valuing compliance and integration with traditional finance, Securitize is an SEC-registered transfer agent. It has already tokenized over $3 billion in assets, including BlackRock’s $1.7+ billion BUIDL money market fund, and works with major institutions like Apollo, KKR, and VanEck. In October, Securitize announced plans to go public via a SPAC merger with Cantor Equity Partners II at a $1.25 billion valuation (ticker: SECZ). Backed by investors such as Morgan Stanley, BlackRock, and ARK Invest, the company is positioning itself as a bridge between traditional finance and decentralized systems, emphasizing regulatory alignment and institutional adoption.

Odaily星球日报12/19 08:37

Valuation at $1.25 Billion Post-SPAC Listing, Securitize to Issue "True Equity" On-Chain Stocks

Odaily星球日报12/19 08:37

90,000 Users Participated, $14 Billion USDT Trading Volume: Huobi HTX Peak Competition Ignites the 2025 Year-End Finale

Huobi HTX's "Peak Championship" trading competition for 2025 has concluded, attracting over 90,000 participants and generating a total trading volume exceeding 14 billion USDT. Nearly 1 million USDT in rewards were distributed. The event featured three core formats: Points Race, Individual Challenge, and Team Competition, with both spot and futures tracks. Approximately 56,000 users joined the Individual Challenge, with top winners in both tracks each receiving 17.4 billion HTX tokens. The Team Competition saw intense participation from 126 trading teams. In the spot team category, "孙哥小弟" team won first place with a trading volume of over 196 million USDT, employing a steady strategy focused on major cryptocurrencies. The third-place "메타 기사단" (Meta Knights) team made a remarkable comeback by capitalizing on altcoin opportunities. The futures team champion, "小青龙社区," achieved a trading volume of over 420 million USDT through strong coordination, while the third-place "天道智能合约" team, composed of Web3 developers, rose steadily with a disciplined, logic-based approach. For the 2026 season, Huobi HTX plans significant upgrades, such as introducing an "AI Strategy Captain" for human-machine collaboration, adding rankings based on profit and yield, implementing smart team-matching, and launching a "one-click copy trading" feature to enhance accessibility and inclusivity.

marsbit12/19 08:22

90,000 Users Participated, $14 Billion USDT Trading Volume: Huobi HTX Peak Competition Ignites the 2025 Year-End Finale

marsbit12/19 08:22

2025 Critical Moments Review: The Song of Ice and Fire in Cryptocurrency

2025 was a pivotal year of transformation for the cryptocurrency market, marked by extreme volatility and maturation. Bitcoin reached new highs above $124,000, while major events like the Bybit hack and Hyperliquid's $300 million incident exposed systemic vulnerabilities. Regulatory shifts were profound, with Trump’s administration fostering pro-innovation policies, including the GENIUS Act for stablecoins and the removal of sanctions against Tornado Cash. Landmark approvals for crypto ETFs and IPOs, such as Circle’s public listing, accelerated institutional adoption. Macroeconomic turbulence, including U.S. tariff policies and government shutdowns, triggered severe sell-offs, with October’s crash resulting in $19 billion in liquidations. Meanwhile, privacy coins and RWA gained traction, and meme coins influenced by figures like Trump and CZ saw speculative booms. The year closed with significant legal resolutions, including sentences for Do Kwon and Qian Zhimin, and continued regulatory divergence, with China tightening restrictions as Hong Kong and the U.S. advanced frameworks.

marsbit12/19 07:25

2025 Critical Moments Review: The Song of Ice and Fire in Cryptocurrency