OKX Orbit

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SpaceX just dropped the biggest S-1 in history, and buried in it is a Bitcoin bombshell. The filing targets a $1.75T Nasdaq listing under ticker SPCX on June 12, raising $75B. That alone would shatter Saudi Aramco's $25.6B record from 2019. But for crypto, the real headline is on the balance sheet. SpaceX disclosed 18,712 BTC as of March 31, bought at an average of $35,320 per coin. · SpaceX: 18,712 BTC ($1.29B) · Tesla: 11,509 BTC That makes SpaceX the 11th largest Bitcoin holder globally before it even goes public. Put both Musk companies together: over 30,000 BTC worth north of $2B. Once listed, the Musk empire becomes one of the largest public-market Bitcoin exposures on the planet. The growth engine is Starlink: 10.3M subscribers (doubled from 5M a year ago), pulling in $1.2B profit in Q1 alone. But SpaceX is betting even bigger on AI. In 2025, 60% of total capex (~$20B) went to xAI, which still lost $2.5B in Q1 2026 alone. The bottom line for 2025: ~$18.7B revenue against a $2.6B operating loss. Starlink prints money. xAI burns it. And if the $1.75T valuation holds, Musk's 42% stake would put him on track to become the world's first trillionaire. The real question is what happens post-IPO: does SpaceX keep stacking BTC, or will shareholder pressure push them to trim? Would you buy SPCX on day one for the space bet, the AI play, or the Bitcoin exposure? #SpaceXHolds18KBTC

🍕 @OKX星球 is running a Pizza Day Meme Contest and there are only 2 days left! In 2010, a programmer spent 10,000 $BTC on two pizzas. Worth $41 at the time. Worth... actually, let's not go there. That story still hurts. That's the most iconic moment in crypto history, and why every May 22 is Bitcoin Pizza Day. How to enter (ends May 21) Post with #OKXPizzaDay and tag @OKX星球 . That's it. Memes, shitposts, comics, pixel art, absurdist essays... if it's pizza-themed and funny, it counts. Open to everyone worldwide, in any language. All countries, all creators welcome! Need ideas? · "If those 10,000 BTC were never traded for pizza..." · Bull market: can't afford pizza vs. Bear market: can only afford pizza · The unspoken philosophy of pizza in Web3 · Or just drop your best meme and let it speak for itself What do you win? ➤ Top posts get featured daily on the topic page. Selected creators receive exclusive OKX merch. ➤ On May 21, the full winner list drops. Top 50 creators take home USDT + voucher rewards. Original content only. Credit your sources or you're out. 2 days left. Whose meme is the most unhinged? Let's see what you've got. 🚀 #OKXPizzaDay

The 30-year US Treasury yield just touched 5.20%, its highest level since July 2007. Risk assets are feeling every basis point. The drivers are stacking up on multiple fronts. Iran tensions and Strait of Hormuz shipping risks are pushing crude higher. April CPI came in at 3.8%, above expectations. And the bond market is repricing the entire rate outlook. · FedWatch shows December hike probability at ~51%, up from just 1% a month ago · Rate swap markets price in 80%+ odds of at least one hike by year-end · By March 2027, hike probability tops 71% But this isn't just an inflation story. The structural fiscal picture is also shifting. · Trump's "Big Beautiful Bill," signed into law last year, is projected to add $3-4.5T in debt over the next decade · The US has $10T in debt to refinance this year alone · Last week's 30-year auction cleared at 5% for the first time since 2007 · 3-year and 10-year auctions also came in weak The macro landscape is being repriced in real time. BTC is trading below $80,000, and US spot Bitcoin ETFs saw roughly $1B in weekly outflows. Volumes are thinning across the board. But historically, the sharpest macro resets have also created the clearest entry points. The narrative is shifting from "when will they cut" to "will they hike," and that kind of regime change tends to shake out weak hands before rewarding conviction. Are you still buying the dip, or waiting for the dust to settle? #USTreasuryHits19YrHigh

Goldman Sachs just wiped its entire XRP and Solana ETF book. But that's only one piece of a much bigger story. Q1 2026 13F filings reveal three institutions running completely different crypto playbooks. Goldman exited roughly $154M in XRP ETF exposure, dumped all Solana positions, and slashed BlackRock ETHA holdings by ~70%. It still holds ~$690M in IBIT and $25M in Fidelity's FBTC. But here's the twist: the same filing shows a new position in Hyperliquid Strategies Inc (PURR), worth ~$3.33M. Goldman isn't retreating from crypto. It's rotating from altcoin ETFs into equities and DeFi infrastructure. Strategy spent $2.01B last week to add 24,869 BTC. No ceiling, no pause, no diversification. Just BTC. Bitmine (BMNR) is quietly building the largest corporate ETH treasury on the planet: 5.28M ETH, ~4.37% of total supply, 89% staked through its new MAVAN validator network. Annualized staking revenue sits at $289M. Three playbooks, one market: · Goldman: dumping altcoin ETFs, pivoting into equities and DeFi · Strategy: all-in BTC, no ceiling, no pause · Bitmine: locking up ETH at industrial scale, earning yield Same market, completely different convictions. If you had institutional-level capital, which path would you take: BTC maximalism, ETH yield, or selective equity exposure? #GoldmanCryptoPivot

The CLARITY Act just cleared its biggest hurdle yet, and the real countdown starts now. The Senate Banking Committee passed the bill 15-9 on May 14, with two Democrats, Gallego and Alsobrooks, crossing the aisle. It now heads to the full Senate floor, where it needs 60 votes to survive. Republicans hold 53 seats, meaning at least 7 Democratic crossovers are required. The sticking point: ethics clauses. Democrats want restrictions on government officials profiting from crypto. An amendment to ban the president and Congress from crypto businesses was defeated 13-11 along party lines. Senator Gillibrand has said she won't vote yes without stronger ethics language, and she's not alone. Galaxy Research head Alex Thorn puts the odds at 75% (up from 50-50 in April) and lays out the timeline: · Mid-June: Senate floor debate begins · Late July: House-Senate reconciliation wraps up · Week of August 3: Trump's signing window · August 10: Senate goes on recess That leaves roughly 9 weeks of floor time. If the ethics debate drags on, the window closes fast. After recess, midterm politics take over, and substantive legislation rarely moves. Meanwhile, the CFTC is operating with just one commissioner, Chair Selig, on what should be a five-person panel. The House Agriculture Committee has urged the White House to fill the four vacant seats, but new nominations still need months of Senate review. If the CLARITY Act passes, it would be the first U.S. law to fully define how crypto is regulated. How much do you think clear regulation would actually change your trading decisions? #CLARITYActAug2026

Harvard just made its loudest crypto call yet. And it is not bullish on ETH. Q1 13F filings dropped this week, and the world's largest university endowment completely exited its $87M Ethereum spot ETF position, the same one it built just one quarter earlier. It also cut its BlackRock IBIT stake by another 43%, down to 3.04M shares worth roughly $117M. That is the second straight quarter of BTC trimming after a 21% cut in Q4. Meanwhile, Abu Dhabi's Mubadala went the opposite direction. The sovereign fund raised its IBIT holdings 16% to 14.7M shares worth $566M. That is four consecutive quarters of accumulation since it first disclosed bitcoin exposure in late 2024. IBIT is now Mubadala's second-largest U.S. equity holding, behind only GlobalFoundries. The pattern is hard to ignore: · Sovereign wealth funds: still stacking BTC, quarter after quarter · Top university endowment: cutting BTC, dumping ETH entirely · ETH ETF flows: five straight months of outflows from Nov 2025 through Mar 2026, totaling over $2.8B out Harvard's Ethereum exit is particularly telling. It held the position for exactly one quarter before pulling the plug. That is not a strategic rotation. That is a conviction reversal. None of this means ETH is dead. April saw $356M flow back into ETH ETFs, breaking the streak. But when the biggest endowment in the world builds a position and abandons it within 90 days, it says something about how traditional allocators view the risk-reward. What is your read: is Harvard early to exit ETH, or are sovereign funds late to the BTC trade? #HarvardDumpsETHforBTC

On-chain derivatives markets just front-ran Nasdaq on the biggest IPO of the year. Cerebras priced its IPO at $185 on May 14. But on-chain perpetual contracts had been live for two weeks before a single share traded on Nasdaq, with 24-hour volume peaking at $280M on listing day. By the opening bell, on-chain prices had already climbed past $380. CBRS opened on Nasdaq at $385 and closed at $311. The chain was pricing the stock before Wall Street even got started. What on-chain pre-IPO trading looks like now: · 24/7 price discovery, no market close · No lock-up periods or minimum ticket size · No T+1 settlement · Hundreds of millions in volume before a stock even lists Next up: SpaceX, targeting a June 12 Nasdaq listing at roughly $2 trillion. On-chain platforms are already positioning pre-IPO contracts. The playbook is locked in. This is also turning into a regulatory fight. DeFi protocols are now sending policy teams to D.C. to push for legal recognition of on-chain perpetual futures under the CLARITY Act. Traditional exchanges have fired back, warning regulators that decentralized perps could distort benchmarks. The battle between on-chain and traditional venues is now playing out in Congress. When on-chain venues generate $280M in volume on a stock before it even lists, the question is no longer whether they compete with traditional exchanges. It is how fast the gap closes. Are you already trading pre-IPO perps, or waiting for the traditional listing? #OnChainBeatsNasdaq #TradeStocksOnOKX