News Summary

• Binance looks to democratize pre-IPO markets, starting with SpaceX perpetual futures.
• The first contract to go live is tied to SpaceX, a company expected to debut at a valuation of $2 trillion or more.
• Traditional market analysts are concerned that SpaceX’s upcoming IPO, expected to be the largest stock debut in history, could divert significant capital away from other segments of the u.s. market, including European IPOs.
• It could be more than a coincidence that bitcoin's price rally ran out of steam at around $80,000 a week ago and prices have since pulled back to under $78,000.