Crypto Morning Brief: ICE and OKX Establish Joint Venture OKXICE; Coinbase to Launch OpenAI and Anthropic Pre-IPO Perpetual Contracts
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Crypto Morning Brief: ICE and OKX Establish Joint Venture OKXICE; Coinbase to Launch OpenAI and Anthropic Pre-IPO Perpetual Contracts
Micron and Anthropic sign multi-year storage product supply agreement.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday’s Market Highlights
SpaceX Launches First Investment-Grade Dollar Bond Offering
SpaceX has issued its first investment-grade bond—an offering expected to mark the beginning of a large-scale financing wave aimed at fulfilling the company’s AI vision following its record-breaking $75 billion IPO. According to SpaceX’s filing, it has initiated the issuance of senior unsecured notes, “subject to market conditions and other factors.” The filing adds that these notes constitute unsecured debt of SpaceX and rank pari passu with all existing and future unsubordinated debt, liabilities, and other obligations.
As reported by media outlets last week, SpaceX seeks to raise at least $20 billion through this issuance. Proceeds will be used to repay a roughly equivalent bridge loan, which accounts for the majority of SpaceX’s $29.1 billion in long-term debt. Last week, SpaceX received investment-grade ratings from all three major credit rating agencies, paving the way for lower-cost financing. Moody’s and Fitch assigned SpaceX debt ratings of Baa1 and BBB+, respectively—both three notches above junk status. S&P Global assigned a BBB rating.
Intercontinental Exchange (ICE) and OKX Establish Joint Venture OKXICE
The New York Stock Exchange’s parent company, Intercontinental Exchange (ICE), and OKX have formed a cryptocurrency joint venture named OKXICE, with each holding a 50% stake.
Strategy Adds 520 BTC, Bringing Total Holdings to 847,363 BTC
Strategy has increased its U.S. dollar reserves by $300 million to $1.4 billion and purchased 520 BTC for $35 million, raising its total Bitcoin holdings to 847,363 BTC.
Bitmine Adds 52,203 ETH, Total Holdings Reach 5.67 Million ETH
Bitmine Immersion Technologies (NYSE: BMNR) released its latest asset report, showing holdings as of June 21: 5,672,956 ETH, 205 BTC, and approximately $601 million in cash and marketable securities—bringing its total assets to roughly $10.7 billion.
Tom Lee, Bitmine’s Chairman, stated that Bitmine acquired an additional 52,203 ETH over the past week and plans to maintain a steady accumulation pace through 2026. Bitmine currently holds approximately 4.7% of Ethereum’s total supply, solidifying its position as the world’s largest Ethereum reserve holder.
In addition, 4.719 million ETH held by Bitmine are staked—over 83% of its ETH holdings—with estimated annual staking revenue of approximately $223 million at current yield levels.
Micron Signs Multi-Year Storage Supply Agreement with Anthropic
Micron Technology has signed a multi-year storage supply agreement with Anthropic covering data-center-grade products including HBM, DRAM, and SSDs. The supply commitment is aligned with Anthropic’s long-term compute expansion plans for training and deploying its Claude models. Concurrently, Micron has deployed Anthropic’s Claude models across its engineering, manufacturing, and enterprise functions to support code generation and intelligent agent-driven business processes. Beyond supply and technical collaboration, Micron also made a strategic investment in Anthropic’s Series H funding round.
MoonPay Acquires AI Accounting Startup Entendre to Accelerate Stablecoin Payment Ecosystem Expansion
According to Axios, crypto payments firm MoonPay announced the acquisition of AI accounting startup Entendre, which specializes in providing intelligent accounting solutions for enterprises using stablecoins and other digital assets. Ivan Soto-Wright, CEO of MoonPay, said the company will continue pursuing additional M&A opportunities to further expand its business footprint.
Crypto Trading App Fomo Raises $75 Million in Series B Funding, Valuation Reaches $550 Million
According to Fortune, crypto trading startup Fomo announced completion of a $75 million Series B funding round led by Index Ventures, with participation from Union Square Ventures, Zynga co-founder Mark Pincus, Discord CEO Humam Sakhnini, and Eventbrite co-founder Kevin Hartz. The company’s valuation stands at $550 million.
Fomo was founded in 2025 by former dYdX team members Paul Erlanger, Se Yong Park, and Prashan Dharmasena.
Coinbase to Launch Pre-IPO Perpetual Contracts for Anthropic and OpenAI
Coinbase announced it will launch pre-IPO perpetual contracts for Anthropic and OpenAI. The ANTHROPIC-PERP and OPENAI-PERP markets will open on or after June 22, 2026, at 19:00 UTC.
Hong Kong–Listed Zhipu Surges Over 12% Intraday; Market Cap Exceeds HK$100 Billion
Zhipu (02513.HK), listed on the Hong Kong Stock Exchange, saw its market capitalization surpass HK$100 billion intraday, surging over 12% today and up more than 1,900% year-to-date.
Toss Bank to Pilot Cross-Border Remittance and Settlement on Solana
According to Cointelegraph, South Korea’s Toss Bank will conduct a proof-of-concept for global remittances and settlements on Solana, aiming to deliver faster and lower-cost cross-border transaction services for its users.
Market Data
Recommended Reading
Research Report Breakdown: JPMorgan Analyzes Pre-Earnings Sentiment and Hardware Sector Trends Ahead of Micron’s Quarterly Results
https://www.techflowpost.com/article/32160
In a report published on June 21, JPMorgan analyst Joshua Meyers synthesized pre-earnings sentiment surveys, hardware company pre-quarter feedback, updated AI capex forecasts, and developments across several key companies. Key takeaways: Micron’s memory segment remains the most consensus-bullish area within the AI sector—but sustainability of high gross margins and valuation methodology are now under debate. Demand for AI-related servers, networking infrastructure, and storage remains robust across the hardware supply chain, though stock-specific performance has diverged. Recommended for investors focused on U.S. hardware and semiconductor equities.
AC Steps Down from Sonic’s Board—Another Strategic Exit by the “Godfather of DeFi”
https://www.techflowpost.com/article/32149
AC has once again stepped away from center stage. As Sonic’s TVL has shrunk over 98% from its peak and its token price has plunged nearly 97% from its all-time high, the “Godfather of DeFi” announced his departure from the board and intends to devote greater focus to Flying Tulip—a new project now valued at $1 billion. From Yearn to Fantom to Sonic, AC consistently crafts new narratives—and consistently exits just as older ones enter their second act. What makes this exit especially intriguing is that he designed a principal-protection mechanism for Flying Tulip’s private investors, while leaving secondary-market participants exposed to full market risk. As the crypto industry enters a liquidity contraction phase, AC’s departure may reflect more than personal choice—it underscores a harsh reality: for many projects, the most valuable asset has never been technology or users, but the founder’s name.
Podcast Notes | Micron Earnings Due Wednesday: Reduce Exposure Ahead of Potential Storage Sector Pullback
https://www.techflowpost.com/article/32145
The semiconductor industry has entered a true structural supercycle—global semiconductor revenue is rising from $800 billion toward $1.3 trillion, and HBM already occupies over 85% of AI chip silicon real estate. Yet Kevin Gerrity points out that Goldman Sachs has raised Micron’s Q3 revenue forecast to $37.6 billion and EPS to $22.70—meaning Micron must beat expectations *again* to avoid algorithm-driven, global profit-taking. This episode delivers a comprehensive earnings-week risk management framework for over 28,000 community members—from scenario modeling to “principal protocols” and entry timing windows following a storage-sector correction—centered on thinking like an institutional risk manager, not a retail gambler.
Snap’s Nine-Year Unprofitability—and Its Decade-Long Bet on AR
https://www.techflowpost.com/article/32139
While most tech firms chase AI narratives and short-term profitability, Snap is betting its future on an AR gamble spanning nearly a decade. From globally popular dog filters to its latest $2,195 AR glasses—Specs—Snap has consistently stood at the forefront of technological innovation, yet still failed to convert first-mover advantage into commercial success. With nine years of losses and its share price down over 90% from its peak, skepticism abounds—but founder Evan Spiegel continues doubling down against the grain. This isn’t merely a corporate turnaround story; it’s a real-world experiment testing long-termism against capital market patience: When everyone calculates short-term returns, who’s still willing to pay for a future that may only materialize a decade from now?
China’s Ministry of Commerce Adds 10 U.S. Companies to Export Control List—Three Key Investment Themes Explained
https://www.techflowpost.com/article/32146
China’s Ministry of Commerce has again taken action, adding MP Materials, USA Rare Earth, and eight other U.S. entities to its export control list. While superficially framed as a rare-earth countermeasure, this move reflects deeper strategic competition involving rare earths, drones, defense supply chains, and broader U.S.-China industrial rivalry. Have upstream rare-earth resource stocks already priced in all expectations? Could real opportunity lie in undervalued segments such as magnetic materials and drone components? This article dissects the three core investment themes behind the control list—and their potential ripple effects across A-share and U.S. equity markets.
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