Solana’s Tokenized Stock Reality Check: Why SpaceX Demand Exposed the xStocks Bottleneck
Binance Wallet SPCXx drew $557M from 27,689 wallets before allocations were canceled as xStocks couldn't source shares. Solana's RWA surge met limits.
The Defiant·
Three major crypto exchanges canceled their tokenized SpaceX IPO allocation campaigns Friday after xStocks could not source underlying shares, while rival onchain protocols from Ondo, xStocks' DeFi arm and Backpack launched successfully on the same morning.
Read full articleBinance Wallet SPCXx drew $557M from 27,689 wallets before allocations were canceled as xStocks couldn't source shares. Solana's RWA surge met limits.
Binance has canceled its SpaceX IPO campaign and announced full refunds after allocation issues disrupted one of the most anticipated tokenized stock offerings tied to the record-breaking public debut. According to a June 12 announcement, Binance has canceled its SpaceX…
Investor redemption pressures in private credit funds may trigger broader market liquidity issues, impacting risk assets like crypto and DeFi. The post Investors pull 13% from BlackRock private credit fund in Q1 appeared first on Crypto Briefing.
RWA perps hit $211B in May as equity-linked volumes jump 121%. DEX open interest nears 13.5% of crypto OI, signaling 24/7 equity exposure moving on-chain.
Participants were refunded and did not receive shares in the record-breaking SpaceX IPO from Elon Musk's rocket company.
Dubai, United Arab Emirates, 12th June 2026, Chainwire The post Bybit Spot Lists xStocks’ SpaceX on IPO Day appeared first on The Daily Hodl.
Bybit Spot Lists xStocks’ SpaceX on IPO Day