News Summary

• SpaceX drops another 16.5%, closing in on return to IPO price.
• The Nasdaq closed near its session low, down 1.3%, while the S&P 500 lost just 0.35%.
• Bitcoin lost most of an early gain, trading at $64,500, up 0.6% over the past 24 hours.
• Franklin Templeton completes its acquisition of crypto investment firm 250 Digital and formally launches Franklin Crypto, a new division focused on active digital asset management for institutional investors.