Crypto News & Market Updates

BlockBeats reported on May 30 that Eric Balchunas, a senior ETF analyst at Bloomberg, posted that BlackRock recently updated its iShares Bitcoin Premium ETF (BITA) application documents again. Although the product fee rates have not yet been disclosed, the issuer is clearly continuing to adjust product details. He speculated that BlackRock may want to complete product launches before Goldman Sachs plans to launch its Bitcoin ETF, which is expected to launch in about six weeks. Balchunas also pointed out that BlackRock's spot Bitcoin ETF IBIT has reached $54 billion in assets under management. Even if IBIT stops growing in size and maintains its scale until 2030, its rate of reaching $54 billion will still hold the fastest record in ETF history. Balchunas stated that the inflow performance in the first 18 months after the launch of a Bitcoin spot ETF was "insane," setting a rare growth rate record in the ETF industry.

BlockBeats reported on May 30 that Jason Smith, chairman of the U.S. House Ways and Means Committee, stated that digital asset tax legislation must have bipartisan support; otherwise, the related bills will not advance. Subsequently, U.S. Congressmen Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly introduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act (PARITY Act). The bill aims to update digital asset tax rules, providing a clearer regulatory framework for the market, while strengthening investor protection and preventing market manipulation. MP Steven Horsford stated that the bill will help ordinary investors participate more safely in the digital asset market and promote opportunities for wealth accumulation. Max Miller believes that the current U.S. tax law can no longer keep up with the rapid development of digital assets and modern fintech. Currently, the PARITY Act and the ongoing CLARITY Act are regarded as important components in establishing a comprehensive crypto asset regulatory system in the United States. The U.S. Congress released a draft tax policy discussion in March this year and held a bipartisan roundtable in May to discuss the tax framework for crypto assets. The market is closely watching whether the CLARITY Act can be passed in 2026. Analysts believe that if both the CLARITY Act and the PARITY Act are ultimately passed and are followed by the subsequent rules of the GENIUS Act, the U.S. crypto industry will usher in a clearer regulatory environment, further promoting Web3 and DeFi into the mainstream financial system.

According to ChainCatcher news, a newly created wallet received 25,000 ETH from Kraken, worth about $50.56 million, and the wallet is very likely part of Bitmine.

According to Bijie.com and Livecoins, the Brazilian Federal Police (PF) have launched an operation called "fluxo oculto" to investigate underground financial networks related to tax fraud in the fuel industry. Investigations revealed that the gang has transferred over 26 billion reais (about $4.6 billion) over the past four years, including about 365 million reais (about $65 million) in cryptocurrency transactions. Law enforcement has issued 59 search warrants in five states including São Paulo and Rio de Janeiro, and investigated six fintech companies suspected of acting as "underground banks."

BlockBeats reported that on May 30, SpaceX submitted its S-1 listing application to the U.S. SEC, planning to list on Nasdaq under the ticker symbol "SPCX," aiming to raise up to $75 billion and a target valuation possibly exceeding $1.75 trillion. The documents show that as of March 31, 2026, SpaceX held 18,712 Bitcoins, with a fair value of about $1.29 billion, which at current prices is close to $1.45 billion, exceeding Tesla's previously disclosed reserves of 11,509 Bitcoins. The prospectus shows that SpaceX holds Bitcoin at a cost of about $661 million, with an average holding cost of about $35,324 per coin, and holds digital assets through third-party custodians. The market believes this disclosure indicates that SpaceX has incorporated Bitcoin into its long-term corporate treasury strategy rather than a short-term speculative investment. Financially, SpaceX's revenue for 2025 is $18.674 billion, with Q1 2026 revenue of $4.694 billion. Among them, Starlink's business contributed $3.26 billion in revenue in the first quarter, accounting for about 69% of total revenue, becoming the company's main source of income.

According to ChainCatcher, Bloomberg ETF analyst Eric Balchunas stated on X that the iShares Bitcoin Premium Income ETF (BITA) has submitted its third version of the revised S-1 document and has yet to announce fees, but the issuer (BlackRock) is clearly actively adjusting its products.

BlockBeats reported on May 30 that MiniMax Group Inc. signed a counseling agreement with CITIC Securities on May 29, 2026, officially launching its A-share IPO process. MiniMax was listed on the Hong Kong Stock Exchange in January this year at an issue price of HKD 165 per share, surging 111.39% on its first day, and its current market capitalization has reached HKD 263.454 billion (IT Home note: current exchange rate is approximately RMB 228.006 billion).

BlockBeats reported that on May 30, the U.S. Space Force signed a $4.16 billion contract with SpaceX for a space-based airborne mobile target indication project. BlockBeats reported yesterday that Musk posted on X denying reports that SpaceX had lowered its IPO valuation target to at least $1.8 trillion. Previously, insiders revealed that SpaceX is currently seeking a valuation of at least $1.8 trillion in its initial public offering (IPO), down from the previously reported $2 trillion.

According to ChainCatcher, Sui stated on platform X that due to issues during the epoch change, the Sui mainnet has stopped accepting user transactions. Validator nodes are still running and creating system transactions, but currently cannot accept user transactions. The Sui core team is investigating the issue and will release any updates immediately.