S&P Global has decided to maintain its current S&P 500 eligibility rules, rejecting SpaceX's request for exceptions despite the company's upcoming $75 billion IPO and $1.75 trillion valuation. SpaceX does not meet the profitability requirement, having reported a $4.94 billion net loss in 2025, which disqualifies it from immediate inclusion in the index. This decision means passive funds tracking the S&P 500 will not be required to buy SpaceX shares right away. Meanwhile, other index providers like NASDAQ are adapting rules to allow faster inclusion of large new public companies like SpaceX.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
