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But we saved everything 🙂.
Frank Chaparro reports that Coinbase is introducing pre-IPO trading to crypto markets. The exchange will launch pre-IPO perpetual futures, allowing eligible traders outside the U.S. to access 24/7 price exposure to private companies prior to their public listing.
The first company available through this product will be SpaceX. The contracts are settled in USDC and have no expiry.
Chaparro recently reported that JPMorgan attributed outflows from bitcoin and gold ETFs to a cooling debasement trade linked to Iran-U.S. relations. In a separate update, he noted Avalanche’s posting of a social media director role with a $300K salary. Both developments reflect ongoing activity in digital asset and crypto-adjacent markets.