Morning Edition · Thursday, June 25, 2026
Tokenized SpaceX Bets Take $50 Million in Liquidations as Crypto Leverage Wraps Around Private Equity
A perpetual contract tied to a privately held company shows the demand to put leveraged equity exposure on-chain, and the difficulty of pricing an asset with no public market.
A perpetual contract linked to tokenized SpaceX exposure absorbed about $50 million in liquidations, CryptoSlate reported, as the continuous, 24-hour leverage cycle of crypto markets extended to an equity that has no public price. SpaceX is…
Continue the Crypto Intelligence Brief
Track on-chain flows, protocol shifts, stablecoins, and regulation.
- 5 crypto intelligence signals a day
- Tracked crypto trends, day over day
- Stablecoin and regulatory movement
- Source-grounded analysis with confidence labels
The Global Intelligence Brief stays free.
Part of a tracked trend
Tokenized Equities Push Onto Public Blockchains
Over 3-6 months, exchanges and banks accelerate moving real equities on-chain — tokenized stocks with on-chain dividends and composable trading — turning the contest over open vs. closed tokenization venues into a concrete product race.
More from this edition
- Wall Street Journal Ties $3.84 Billion in Iran Flows to Exchange CoinEx, Which Denies State Links
- Bitcoin Holds Near $59,600 After Breaking Below $60,000 as Crypto Tracks the AI Equity Trade
- Strategy Shares Fall Below $100 for First Time Since 2024 as Its Bitcoin Funding Model Strains
- Ethereum Researchers Map a Path to Native Post-Quantum Private Transfers
- Privacy Chains Reframe Confidentiality as a Prerequisite for Serious On-Chain Use
- DeFi Security Roundup: Mid-Six-Figure Drains Hit Juicebox, DLMC and SingularityDynaVault
- Ripple's RLUSD Stablecoin Goes Live in Japan Under One of the World's Strictest Regimes
- Ethereum Debates Cutting Issuance, Reopening the Fight Over How to Fund Shared Security
- MemeCore's M Token Falls 80% With No Exploit or Announcement to Explain It
- Law Enforcement and Faith Groups Warn the CLARITY Act Could Open Crypto-Crime Loopholes
- Public Liquidations on Hyperliquid Turn Whale Positions Into a Tradable On-Chain Signal