Hyperliquid ETFs Pull in Nearly $160 Million as Bitcoin Selloff Deepens
Spot ETFs tracking the HYPE token from Bitwise, 21shares, and Grayscale attracted nearly $160 million in combined assets within days of launch, even as bitcoin and ether ETFs shed value amid a broad crypto selloff.
Family Offices Pour $225 Million Into Pickleball and Back Smart Soccer Ball Startup in May Sports Spree
Family offices completed 51 direct investments in May, highlighted by a $225 million commitment to Pickleball Inc. and a $12 million Series A for GPS sports gear startup PlayerData, signaling the sector's growing appeal as an alternative asset class.
S&P Global Reaffirms Index Rules, Blocking SpaceX From Fast-Track S&P 500 Entry
S&P Global said it will not change its S&P 500 eligibility requirements, blocking SpaceX from swift index entry after its record-targeting $1.75 trillion IPO. The move leaves SpaceX ineligible due to a $4.94 billion net loss reported in 2025.
Broadcom Posts 48% Revenue Surge but Post-Earnings Sell-Off Follows Tempered AI Guidance
Broadcom reported fiscal Q2 revenue of $22.19 billion, up 48% year over year, and AI semiconductor revenue surging 143% to $10.8 billion — but shares dropped after CEO Hock Tan held his multiyear AI targets steady rather than raising them.
SpaceX Sets $135 IPO Price at $1.77 Trillion Valuation, Targeting June 12 Nasdaq Debut
SpaceX set a fixed IPO price of $135 per share, targeting a $1.77 trillion valuation and a June 12 Nasdaq debut — which would make it the largest IPO in U.S. history, more than triple the size of Alibaba's record offering.
