SpaceX announced a $60 billion all-stock acquisition of Cursor, an AI coding tool with $2.6bn in annualised revenue, just five days after its record-breaking Nasdaq debut.
Category: Markets
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Ethereum surges 10% on June 16 as Iran deal calm and G7 optimism lift crypto
Ethereum jumped 10% to $1,841 on June 16 as Iran deal calm and G7 optimism sparked a broad risk-on session in crypto and equities, with the Nasdaq rising 3%.
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Coinbase lays out the next phase of its Everything Exchange vision
Coinbase detailed plans on June 16 for a unified account spanning crypto, stocks, ETFs, perpetual futures, lending and AI trading agents, as COIN shares gained 2.6%.
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Japan’s lower house cuts crypto gains tax from 55% to a flat 20%
Japan’s National Diet approved legislation on June 11 reclassifying digital assets as financial instruments under the FIEA, slashing the top crypto tax rate from 55% to a flat 20% effective 2028.
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Gold falls to a four-month low as Iran deal progress drains the war premium
Spot gold slid to around $4,072 this week, extending an 11% one-month decline, as Iran deal progress deflated safe-haven demand while oil-driven inflation kept the Fed hawkish.
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Brent crude falls to an eight-week low as Iran deal text reaches final agreement
Brent crude fell more than 4% on Friday to below $84 per barrel, an eight-week low, after Pakistan confirmed the United States and Iran had agreed a final deal text including Strait of Hormuz reopening.
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SpaceX begins trading on Nasdaq at $135, completing the world’s largest ever IPO
SpaceX’s SPCX shares opened on the Nasdaq on June 12 at $135 per share, completing a $75 billion raise — the largest IPO in history — and valuing the merged SpaceX-xAI entity at $1.77 trillion.
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SpaceX is set to price tonight at $135 in the largest IPO on record
SpaceX has fixed its IPO at $135 per share for a $75 billion raise at a $1.75 trillion valuation—the largest listing in stock market history—before debuting on Nasdaq under SPCX on June 12.
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Oil slides below $90 as Energy Secretary signals Hormuz traffic is rising
US crude settled at $88.20 a barrel on June 9 after Energy Secretary Chris Wright said Hormuz ship traffic is rising meaningfully, as Iran and Israel agreed to halt their latest exchange of strikes.
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Anthropic files confidential S-1 at $965 billion valuation, overtaking OpenAI
Anthropic confidentially submitted its IPO prospectus on 1 June 2026 at a $965 billion valuation, overtaking OpenAI, with Q2 revenue above $10.9 billion and an 80-fold increase in annualised revenue over twelve months.