Odaily News: Coinbase announced on the X platform that the US500 perpetual contract is now live, enabling users to go long or short on the 500 largest U.S. companies through a single contract on Coinbase.

Odaily reports that after its sustained surge post-IPO, its latest market capitalization has exceeded $2.5 trillion (in the $2.6 trillion range), marking an increase of over 40% since its listing on June 12. This propels it to become the world's sixth-largest company, nearing twice the market cap of Bitcoin and drawing attention to a "reallocation of risk capital."Analysts point out that part of this recent surge is driven by supply-side structural factors, as SpaceX is evolving from a single aerospace company into an "AI + tech conglomerate." This "AI innovation + high-growth narrative" is competing with the crypto market for the same pool of risk capital funds.However, SpaceX's valuation risks are also rising simultaneously. The company currently reports a loss of approximately $494 million on revenue of about $18.67 billion, corresponding to a valuation exceeding 130 times revenue. Some analysts describe this as a "meme-like valuation level." (CoinDesk)

1. Anthropic: Suspending access to Fable 5 and Mythos 5 for foreign nationals;2. Largest SPCX long position on Hyperliquid liquidated for $36.4 million, incurring a loss of $300,000;3. U.S. military shot down multiple Iranian drones heading toward the Strait of Hormuz;4. A HYPE genesis whale, with profits exceeding $44.34 million, deposited 576,000 HYPE into Coinbase;5. U.S. Federal Appeals Court upholds SBF's fraud conviction;6. Iranian Foreign Minister: Services related to the Strait of Hormuz will be charged;7. Iranian Foreign Minister: A memorandum of understanding between Iran and the US could be signed within days;8. US officials: US and Iran close to reaching an agreement, expected to be signed in the coming days;9. SpaceX shares surged 19% on its first trading day, surpassing a $2 trillion market cap to become the sixth-largest US company;10. Former SEC Chair Gensler opposes CFTC's assertion of jurisdiction over sports prediction markets.

Odaily reported that SpaceX soared on its Nasdaq debut Friday, with its market capitalization surpassing $2 trillion. The listing went more smoothly than many observers had anticipated. Shares began trading late Friday morning and mostly fluctuated between 15% and 30% above Thursday's pricing throughout the session, without significant volatility. The stock closed at approximately $161, up 19%, placing the company as the sixth largest in the United States. The final settlement price is yet to be determined. Trading volume exceeded 500 million shares, with a turnover of around $80 billion. With major listing plans from Anthropic and OpenAI on the horizon, market observers had worried that a flood of new stocks could weigh on market performance following a prolonged IPO drought. However, investors ranging from large institutions to Elon Musk's retail fan base were in high spirits by the end of the day. "SpaceX not only broke records in terms of IPO fundraising size but also left other major companies far behind. When the initial valuation was already close to $2 trillion, adding so much market cap in an instant is impressive," said Dan Coatsworth, Head of Markets at AJ Bell. (Jinshi)

Odaily reported that SpaceX is progressing with its IPO and seeking a valuation of approximately $1.78 trillion. If realized, it would become the world's seventh-largest company by market cap. However, the mid-to-long-term business path justifying this valuation remains unclear.Furthermore, SpaceX's core narrative is shifting. In February of this year, Musk integrated SpaceX with xAI, making artificial intelligence a key component of the company's strategy. Compared to the original core vision of "making humanity a multi-planetary species," AI now occupies a more prominent position in the company's narrative. In the first quarter, xAI-related business reportedly accounted for over three-quarters of capital expenditures, while approximately 93% of the total addressable market mentioned in the IPO filing is also related to AI.Musk has long been adept at restructuring business narratives to align with market preferences, as seen in previous cases like integrating SolarCity into Tesla and merging Twitter with the xAI ecosystem. SpaceX's new narrative combines rocket launches with AI, envisioning the deployment of AI data centers in orbit to build future computing infrastructure. However, SpaceX launched approximately 2,200 tons of payload into orbit last year, while Musk has suggested that realizing the orbital data center vision would require an annual launch capacity of about 1 million tons. Although Starlink and the rocket business already hold industry-leading positions, genuine cash flow will ultimately be needed to validate this massive valuation hypothesis. (Financial Times)

Odaily Odaily News AI demand drove the Japanese stock market to a record high, with SoftBank surpassing Toyota on Monday to become the most valuable company in Japan by market capitalization. With its significant exposure to OpenAI, the developer of ChatGPT, and its broader ambitions in the AI field, SoftBank has transformed itself into a vehicle for the current wave of investment frenzy sweeping the Japanese market.SoftBank has risen nearly 73% so far this year and hit a new record high on Monday, rising over 8%, after the company committed to investing up to 75 billion euros in France to build a massive network of AI computing clusters. Its market capitalization now exceeds 46 trillion yen (approximately $288 billion). Toyota's market cap stood at slightly over 48 trillion yen at the close of trading last Friday, but fell nearly 4.5% on Monday, dropping below 46 trillion yen. The automaker had surpassed telecommunications group NTT Docomo in 2003 to become Japan's most valuable company by this metric. (Jin Shi)

Odaily报道，Strategy首席执行官Phong Le表示，如果未来10至20年仍是最主要的BTC持有者，Strategy将成为全球最大的公司。（BitcoinTreasuries.NET）

Odaily Odaily reports that in the Gate Prediction Market event concerning the "Second-Largest Company by the End of April," Alphabet's current probability has reached 99%, significantly领先 over other options such as Apple, NVIDIA, Microsoft, Amazon, Tesla, and Saudi Aramco, indicating a highly concentrated market expectation. In terms of related asset trading, Gate's Perpetual Contract Stock Section has listed several popular tech stock perpetual contracts, including GOOGLXUSDT, NVDAXUSDT, and TSLAXUSDT, providing users with diverse participation pathways from event assessment to asset trading.Meanwhile, the Gate Prediction Market has completed multiple functional upgrades: added a one-stop search and intelligent recommendation mechanism, supporting keyword quick retrieval and category browsing; enhanced historical billing and filtering functions, making fund flows clearer and more traceable; added a multi-level category and breaking news section on the homepage to help users efficiently capture hot opportunities; and expanded the sports market to include more derivative gameplay, enhancing strategic flexibility while lowering participation barriers.Currently, Gate's performance within the Polymarket partnership channel continues to improve, with its market share ranking among the top two in the industry. Users can access the prediction market directly through the Gate App, enter the Polymarket page via the Alpha feature on the platform's homepage, and use USDT in their exchange account to participate in event predictions. This integration marks a key step for Gate in merging the crypto trading ecosystem with the prediction market, offering users a diversified market experience from expectation assessment to trading participation.

Odaily News: Google's parent company Alphabet's market capitalization has surpassed the $4 trillion mark. Its stock price rose as much as 1.7% during the day, reaching $334.04 per share, corresponding to a market cap of $4 trillion. Alphabet recently overtook Apple to become the world's second-largest company, trailing only Nvidia. To date, only Nvidia, Apple, and Microsoft have seen their market capitalization exceed $4 trillion, with Nvidia remaining the only company to have surpassed $5 trillion. Monday's stock price increase was driven by news that Apple has chosen Alphabet's Gemini model to power the AI version of its Siri digital assistant. So far this year, Alphabet's stock price has risen 4.8%, continuing last year's gain of over 65%, making it the best performer among the "Magnificent Seven." (Jin10)

According to Odaily Planet Daily, at Binance Blockchain Week, Strategy founder and executive chairman Michael Saylor delivered a speech on the theme of "Bitcoin = Digital Capital," stating that in the past year, in addition to the US government, large banks and corporations have also begun to embrace crypto. Today, 30% of US voters hold crypto assets, while the number of crypto users worldwide exceeds 700 million. As the first digital asset treasury, Strategy has set an example, currently holding Bitcoin worth $59 billion. Compared to other global companies, it ranks fifth in terms of asset size, behind Berkshire Hathaway, Microsoft, Google, and Amazon. However, given time, we will become number one. Because, in addition to the steady growth of BTC’s own value, Strategy also has an incredibly healthy capital structure – a corporate value of $68 billion, Bitcoin reserves of $59 billion, and an LTV (Loan to Value) of only 11%. Based on current financial data, the dividend margin is sufficient to cover the next 73 years. Strategy's work includes creating currency, reducing risk, mitigating volatility, "purifying" returns, and shortening cycles... In short, it's about transforming digital capital into digital credit.