Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has listed the SPCXUSDT Perpetual Contract, giving traders leveraged exposure to SpaceX ahead of its anticipated initial public offering ( IPO ) on June 12, 2026. The contract is live on the platform with up to 10x leverage. The listing comes as SpaceX prepares for what could be a landmark moment in stock market history. According to official filings, the company is targeting a valuation of $1.75 trillion to $2 trillion and plans to raise approximately $75 billion, putting it ahead of Saudi Aramco’s (TADAWUL: 2222) $29.4 billion IPO in 2019 as the largest in history. SpaceX’s rapid growth SpaceX has fundamentally transformed the aerospace industry, reducing launch costs by orders of magnitude through reusable rocket technology. Its satellite internet service Starlink has grown to over 8 million active subscribers worldwide, generating approximately $7.7 billion in revenue in 2024. The company has also recently acquired xAI, Elon Musk’s AI venture, creating a vertically integrated enterprise spanning space exploration, satellite technology, and AI. The underlying asset of Bybit’s SPCXUSDT perpetual contract is SPCX settled in USDT , with a total estimated share count of 11.87 billion shares. The contract offers 24/7 access, up to 10x leverage, and no expiration date, providing unlimited holding periods without rollover. Bybit’s perpetual contract structure gives traders several operational advantages over traditional equity markets, including around-the-clock access unrestricted by market hours, capital-efficient leverage, and professional-grade charting and risk management tools. Custody and insurance protections are also included. Featured image via Shutterstock. The post Bybit lists SPCXUSDT pre-IPO perpetual contract ahead of SpaceX’s IPO appeared first on Finbold .

2026-05-21 17:04

HYPE , the token of the decentralized blockchain and cryptocurrency exchange Hyperliquid, has been going against the wider digital assets grain in the last week of trading with a remarkable 49.62% rally to $58.47 – inches away from a new all-time high (ATH). Hyperliquid price one-week chart. Source: Finbold The move simultaneously added nearly $5 billion to HYPE token’s market capitalization, which rose from $9.9 billion to $14.6 billion. Furthermore, Hyperliquid overtook Solana ( SOL ) in terms of fully diluted valuation (FDV), hitting $54.57 billion against SOL’s $54.22 billion, per the data Arkham shared on X on May 21. FDV represents the theoretical maximum market capitalization if all the possible tokens were in circulation. Meanwhile, the overall cryptocurrency market moved lower within the timeframe, erasing $130 billion as the total digital assets’ capitalization dropped from $2.68 trillion to $2.55 trillion. Total cryptocurrency market capitalization one-week chart. Source: TradingView How SpaceX IPO turned into Hyperliquid news that sent HYPE flying Elsewhere, by press time on May 21, it appears that Hyperliquid news that enabled the latest HYPE token rally was related to the highly anticipated SpaceX initial public offering ( IPO ). Specifically, Trade.xyz launched pre-IPO perpetual futures (perps) for billionaire Elon Musk’s other most prominent company on May 18. The new Hyperliquid perps sent HYPE soaring approximately 7% immediately, showcasing overwhelming hype for the company expected to go public at a valuation higher than $1.5 trillion, indicating it could be as large as Tesla (NASDAQ: TSLA ) and in the global top 10 from day one. Notably, the SpaceX pre-IPO Hyperliquid perps launched at a reference price of $150 for an implied total valuation of just under $1.8 trillion and are, at press time, at $207 with a 24-hour volume of $29.4 million. Why Anthropic and OpenAI Hyperliquid perps could give the $5 billion rise its second wind Other Hyperliquid news from May 18 that likely contributed to the token’s explosive one-week rally includes pre-IPO perpetual futures for artificial intelligence ( AI ) firms OpenAI and Anthropic . Additionally, while the HYPE perps associated with the two AI companies have, so far, enjoyed significantly less volume than SpaceX, the situation could shift rapidly. Indeed, while various comments made primarily by the firms’ chief financial officers (CFOs) made actual public offerings appear relatively distant, CNBC reported on May 20 that OpenAI might confidentially file for IPO already on Friday, May 22. Given the recent developments, the pre-IPO AI Hyperliquid perps could prove sufficient bullish news to enable the HYPE token to resume its explosive, near-50% rally through the rest of the month at least. Featured image via Shutterstock The post Hyperliquid (HYPE) adds $5 billion in value after explosive 50% rally appeared first on Finbold .

2026-05-21 14:18

The number of unique holders of tokenized exchange-traded funds ( ETFs ) surged 11,803% year over year (YoY) to an all-time high (ATH) on May 20. As of press time, the number of tokenized ETF holders was about 44,400, up from 373 a year ago, according to metrics from Token Terminal analyzed by Finbold. Consequently, the unique addresses holding tokenized ETF surged by approximately 119-fold YoY. Tokenized assets analysis. Source: Token Terminal With the growing number of investors in tokenized ETFs, the sector has grown in tandem, reaching a market capitalization of roughly $437.6 million at the time of publication. The most demanded tokenized ETFs among these users over the past year have been SPYx ( SPDR S&P 500 ETF Trust ) and QQQx ( Invesco QQQ Trust ), with market shares of 49.3% and 18.7%, respectively. Notably, the Solana ( SOL ) network accounts for the sector’s lion’s share, currently estimated at around 67.2%. Meanwhile, the BNB chain and the Ethereum ( ETH ) network account for roughly 17.7% and 10.3%, respectively, of the total tokenized ETFs. Why is the tokenized ETF space ballooning? The tokenized ETFs space has ballooned over the past year, driven by 24/7 global trading, ultra-low costs in Decentralized Finance (DeFi), regulatory clarity, and self-custody. With tokenized traditional ETFs on DeFi, more users can seamlessly trade and earn yields unavailable on traditional platforms. Worth noting, this sector offers crypto users more options to diversify their portfolios with less-volatile assets, without trading restrictions. Moreover, unlike DeFi protocols, which operate continuously and are open to anyone, traditional stock markets close at night and on weekends and often restrict retail access due to geographical limits. The growth of this space has been heavily influenced by the regulatory clarity in the United States. Under the chair of Paul Atkins, the U.S. Securities and Exchange Commission (SEC) has approved the listing of tokenized assets. ​ The post Tokenized ETF holders hits an all-time high appeared first on Finbold .

2026-05-20 20:29

Goldman Sachs Group Inc. (NYSE: GS ) trimmed its positions in Bitcoin ( BTC ), Ethereum ( ETH ), XRP , and Solana ( SOL ) by more than $1 billion in the first quarter of 2026, but increased its exposure in Hyperliquid ( HYPE ). These findings are according to the bank’s Form 13F filing with the United States Securities and Exchange Commission (SEC), analyzed by Finbold on May 20. Notably, Goldman Sachs fully exited its XRP holdings of about $152 million, as Finbold explained . Goldman Sachs XRP holdings change. Source: SEC Filing The bank trimmed its Ethereum holdings by over $904 million, a 88% decline, between the fourth quarter of 2025 and the end of the first quarter of 2026. As such, Goldman Sachs reported around $117.6 million in ETH by the end of Q1 2026. Goldman Sachs ETH holdings change. Source: SEC Filing Similarly, the investment bank reduced its Bitcoin exposure to $716.2 million quarter over quarter, representing a contraction of approximately 33%. Goldman Sachs BTC holdings change. Source: SEC Filing The bank liquidated its Solana holdings in full during the first quarter, as Finbold reported. As such, the bank sold about $1.51 billion in crypto during the first three months of 2026. However, the holding company opened a new $3.3 million position in Hyperliquid Strategies (NASDAQ: PURR), a digital asset treasury company that accumulates Hyperliquid (HYPE). Goldman Sachs PURR holdings change. Source: SEC Filing Why is Goldman Sachs loading up HYPE? The demand for HYPE among institutional investors has grown in recent months, driven by rising interest in decentralized trading of crypto perpetuals. Furthermore, Hyperliquid has dominated the current fee market with a 43% share, which represents around $11 million per week, according to data from DeFiLlama . Fees per chain market share. Source: DeFiLlama As such, HYPE price has outshined other top crypto assets year to date (YTD) despite the overall bearish sentiment. HYPE/USD YTD chart. Source: Finbold The token has surged by more than 100% YTD, trading at about $51.04 at the time of publication. The post Goldman Sachs dumped over $1 billion in XRP, ETH & BTC – but bought this crypto appeared first on Finbold .

2026-05-20 18:11

Memcyco, a real-time scam and fraud detection company and winner of Fast Company’s 2025 ‘Next Big Things in Tech’ award, has announced a strategic partnership with Candescent as a certified Marketplace partner. Memcyco’s technology will integrate directly within Candescent’s Intelligent Banking platform, which powers how financial institutions engage and serve customers across digital channels. The partnership aims to address a critical gap in existing fraud controls, which remain largely focused on authentication and transaction monitoring. As scam-driven attacks become easier to launch with off-the-shelf tooling, attackers can operate at scale, reducing the time organizations have to detect and respond. Modern attack techniques, including Man-in-the-Middle and remote desktop takeover, further compound the challenge by enabling attackers to operate within seemingly legitimate sessions, often without triggering traditional alerts. Extending fraud detection earlier in the attack flow By embedding Memcyco’s capabilities within the Candescent platform, banks and credit unions can identify and stop scam-driven threats as customers interact, enabling faster intervention and reduced fraud losses without disrupting the digital banking experience. Memcyco extends protection upstream, helping financial institutions identify and respond to threats including digital impersonation and phishing before credentials are abused or fraud is executed. The move also brings preemptive enterprise-grade anti-fraud capabilities within reach for credit unions and regional financial institutions, enabling significant fraud reduction without expanding resources. “Financial institutions are facing increasing pressure to detect and respond to fraud earlier, particularly as attacks become faster and more difficult to identify,” said David Ness, Vice President, Fintech Partnerships at Candescent. “By partnering with Memcyco, we are enabling our clients to improve their ability to detect and respond to fraud earlier in the attack flow and better protect their customers from scam-driven threats.” “Candescent delivers the foundational digital banking experiences that gain customer and member trust by making everyday interactions seamless and secure. By integrating Memcyco directly into its platform, Candescent enables financial institutions to proactively protect their users from sophisticated fraud and impersonation attacks at scale,” said Israel Mazin, CEO of Memcyco. “Becoming a certified Candescent partner reinforces a shared commitment to safeguarding digital banking experiences and equipping institutions with the tools they need to stay ahead of an increasingly complex threat landscape.” Featured image via Shutterstock. The post Memcyco joins Candescent to fight account takeover fraud appeared first on Finbold .

2026-05-20 17:17

Real, a Layer 1 blockchain focused on institutional-scale real-world asset tokenization ( RWA ), has signed a Memorandum of Understanding (MoU)) with iExec, a confidential computing infrastructure provider, to explore privacy-preserving infrastructure for tokenized assets. The collaboration will assess how institutional RWA issuance, distribution, and on-chain financial operations can be executed while maintaining confidentiality and enabling compliance and auditability. Real supports the full lifecycle of tokenized assets, including onboarding, verification, risk assessment, settlement, and asset management. iExec provides confidential computing through Trusted Execution Environments, including Intel TDX, and its Nox Protocol, which enables encrypted data processing, confidential smart contract execution, selective disclosure, and verifiable computation. Nox Protocol integration and use cases The companies will explore how Nox Protocol can integrate with Real’s Layer 1 to support confidential tokenized assets, encrypted transaction flows, and private financial operations. The collaboration will cover confidential RWA issuance and distribution, including encrypted balances and private transaction flows, as well as financial operations such as subscriptions, redemptions, dividend distributions, lending, and structured credit. The parties will also assess selective disclosure mechanisms for regulators and auditors, and how confidential assets can remain compatible with custody, settlement infrastructure, and potential secondary markets. The agreement establishes a framework to explore institutional use cases such as tokenized funds and private credit, with next steps including technical discussions, pilot identification, and architecture alignment. “Institutions need more than tokenization. They need infrastructure that protects sensitive financial data while still allowing compliance, oversight, and auditability,” said Ivo Grigorov, CEO, Real. “Our Partnership with iExec is an important step toward exploring how confidential computing can support the next generation of real-world asset markets.” Featured image via Shutterstock. The post Real and iExec sign MoU to explore privacy-preserving infrastructure for tokenized assets appeared first on Finbold .

2026-05-20 17:00

Coins.ph , the leading crypto platform in the Philippines, has expanded its QR-code crypto payment network in the country, adding support for Bitcoin ( BTC ) and Ethereum ( ETH ). The update continues the trend set by the platform’s earlier integration of Tether ( USDT ) and brings further payment variety to around 700,000 merchants. At the core of the update is, of course, QRPH, the country’s standardized QR payment system developed under the Bangko Sentral ng Pilipinas (BSP), which automatically converts crypto into Philippine pesos at the point of sale. “The addition of new tokens to our QRPH crypto payments feature is a great achievement following the landmark introduction of USDT payments for the Philippine financial landscape,” Wei Zhou, CEO of Coins.ph, told Finbold. Stablecoin payments in the Philippines As mentioned, the latest expansion is another step in the company’s plan to make stablecoin payments more viable in the Philippines. The initial launch of the system introduced USDT into the national QR infrastructure and recorded strong early transaction activity, as it helped make licensed Philippine wallets viable for direct crypto spending through unified national channels. “We aren’t just adding new tokens; we are redefining what a digital wallet can do. This is the future of finance in action, and we’re making the world’s most popular cryptocurrencies a functional part of the Filipino daily life,” Zhou added. For now, stablecoins remain central to the model, which is hardly surprising considering the market is shaped by large remittance inflows. More precisely, the Philippines receives roughly $38 billion annually in remittances. As a result, digital assets, such as USDT, are an increasingly popular option when moving value across borders before being spent locally without additional conversion steps. What’s more, the Philippines remains one of the most active crypto markets in the world, with more than 15 million people, or roughly 13.4% of the population, making use of digital currencies. Featured image via Shutterstock The post Coins.ph expands Bitcoin and Ethereum payments in the Philippines appeared first on Finbold .

2026-05-20 16:23

Global workforce platform Ontop has launched a ~3% APR rewards program for its users, powered by yield infrastructure from OpenTrade, a stablecoin yield infrastructure provider, as per the details shared with Finbold on May 20. The program went live in under a month from integration and is now available to Ontop’s full global user base. Ontop processed over $1 billion in payroll to thousands of workers across more than 150 countries in 2025. Despite that scale, user funds sat largely idle between payroll cycles. By integrating OpenTrade’s infrastructure, Ontop has enabled workers to earn competitive rewards on their USD savings directly through the platform, offering a hedge against inflation, currency devaluation, and repatriation risk regardless of location. Pilot crossed $1M in user funds in under two weeks The program initially launched to 1,300 users in December 2025, crossing $1 million in user-provided funds in under two weeks. It has since expanded to Ontop’s full user base, with total user-provided funds now exceeding $3 million. OpenTrade also integrated its APIs into Ontop’s reporting systems, giving the platform real-time daily visibility into funds and rewards performance. “The majority of the fintech world still runs on dollars in traditional bank accounts that moves on traditional banking rails, but that shouldn’t be a barrier to accessing plug-and-play institutional-grade yield. Our ability to meet Ontop where they’re at operationally, without requiring them to rebuild their infrastructure, is exactly what OpenTrade was designed to do.” – Jeff Handler, COO, OpenTrade The partnership introduces a new revenue layer for Ontop, which was previously driven by subscription-based payroll services. Ontop now captures a margin on amounts made available to OpenTrade, diversifying its model without building proprietary infrastructure or adding operational overhead. Fixed-term products are currently in development and expected to launch in the coming weeks. “At Ontop, we’re building the financial infrastructure for the global workforce. The future of work is global, but financial systems haven’t caught up. Through our Global Account, we’re not just helping workers get paid, we’re giving them a place to store, move, and grow their money. Our partnership with OpenTrade is a key step in turning idle balances into real financial opportunity anywhere in the world.” – Julian Torres, Co-Founder at Ontop Featured image via Shutterstock. The post OpenTrade powers Ontop’s ~3% APR rewards program for global workforce platform appeared first on Finbold .

2026-05-20 16:12

A cryptocurrency prediction markets trader has generated millions in profits through aggressive sports betting activity on Polymarket . One of the standout trades saw the investor , identified as “0x949,” make nearly $1 million from a single football wager after correctly betting on Manchester City to defeat Chelsea in the FA Cup final played on May 16, according to insights from Arkham Intelligence . The trader purchased roughly $1.10 million worth of “Yes” shares backing Manchester City at an average price of 53.3 cents. After the match settled in Manchester City’s favor, the position was sold for about $2.06 million, resulting in a profit of approximately $963,250 from that single bet alone. On-chain analytics of the trader. Source: Arkham Intelligence At the same time, the trader also emerged as one of the biggest winners in a broader month-long streak that pushed the wallet’s total profits above $4.2 million. On-chain data shows the account, labeled “Polymarket Proxy Wallet,” executed more than 4,300 prediction trades since being created in April 2026. They generated the gains primarily through sports prediction markets, with football bets accounting for several of the largest wins. Other profitable positions included bets tied to AS Monaco, Liverpool, Wolverhampton Wanderers, and RC Strasbourg, with some individual trades generating profits between $500,000 and $800,000. Trader’s recorded losses Despite the outsized gains, the account also recorded major losses. One failed bet on a Stuttgart versus Bayer Leverkusen match resulted in a loss exceeding $727,000, while another Barcelona versus Real Madrid position lost more than $680,000. The wallet processed more than $39 million in total trading volume and maintained a prediction win rate of 50.6%. Meanwhile, recent activity indicates the trader continues to place active football wagers on Polymarket, including fresh Aston Villa-related bets. On-chain analytics of the trader. Source: Arkham Intelligence The surge in high-profile crypto trading profits comes as another blockchain trader, as reported by Finbold, turned a modest Ethereum ( ETH ) investment into a fortune. In this case, an early Ethereum holder transformed an initial allocation worth about $120 in 2015 into nearly $900,000 after holding 400 ETH for almost 11 years. The wallet transferred 350 ETH valued at about $789,600, to Bitstamp while moving the remaining 50 ETH, worth roughly $112,750, into a new wallet. The trader held through multiple crypto bear markets and did not sell even when Ethereum reached record highs in 2021 and again in 2025. The post Crypto trader makes $1 million from this single bet appeared first on Finbold .

2026-05-20 15:31