SpaceX IPO Rocks Markets While Crypto Eyes Recovery Bottom

SpaceX completes the largest IPO in history, raising seventy-five billion dollars and valuing the company at one point seven seven trillion dollars. The stock surged twenty percent on its Nasdaq debut, reportedly making Elon Musk the world's first trillionaire. Meanwhile, Standard Chartered analyst Geoffrey Kendrick declares Bitcoin's fifty-nine thousand dollar low as the cycle bottom, marking the end of crypto winter. With Bitcoin currently trading at sixty-three thousand eight hundred dollars, Kendrick maintains year-end targets of one hundred thousand dollars for Bitcoin and four thousand dollars for Ethereum. The CLARITY Act nears its final stage as the White House targets a July fourth deadline, while institutional infrastructure expands with Kraken adding Canton Network support and Coinbase preparing a major announcement for June sixteenth. We also cover the ongoing debate over quantum computing risks to Bitcoin, with Coinbase's advisory council warning that approximately seven million Bitcoin face future quantum vulnerability, and Gary Gensler joining the legal fight over prediction market regulation.