SpaceX has raised its IPO valuation target to over $2 trillion as it prepares to market what could be the largest IPO in history to potential investors. SpaceX's valuation is expected to grow by nearly two-thirds within months. In February, SpaceX acquired Elon Musk's xAI, valuing the combined company at $1.25 trillion. A listing with a valuation exceeding $2 trillion would give SpaceX a market capitalization exceeding all companies in the S&P 500 except Nvidia, Apple, Alphabet, Microsoft, and Amazon, as well as Meta and Tesla. SpaceX has secretly filed for an IPO, with the listing potentially taking place as early as June, and is expected to raise up to $75 billion, far surpassing the previous record of $29 billion set by Saudi Aramco in 2019. The funds raised will be used for space-based AI data centers and lunar factory projects. SpaceX has selected Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as lead underwriters for its IPO and plans to hold a conference call with the banking syndicate next Monday, followed by an analyst briefing later in April. Bloomberg Intelligence analysts point out that SpaceX's revenue is projected to reach nearly $20 billion by 2026, with launch operations and Starlink contributing the majority of that revenue.

Strong U.S. labor market data reduced bets on a Federal Reserve rate cut this year, causing U.S. Treasury prices to fall and yields to rise by 3 to 5 basis points, with the policy-sensitive two-year Treasury yield leading the gains. The market had previously expected the Fed to ease monetary policy by only about 1 basis point this year, compared to about 4 basis points before the report was released. David Robin, interest rate strategist at TJM Institutional Services LLC, said the Fed is "very likely to keep rates unchanged until the end of June, or even longer." He added, "This is pre-conflict data, but even so, it shows a higher baseline (for rate cuts)." (Jinshi)

Hyperbot data reveals that Machi Big Brother has initiated significant leveraged positions in the cryptocurrency market. According to NS3.AI, he opened a 40x leveraged long position in Bitcoin (BTC) and a 10x leveraged long position in HYPE, with the combined value of these positions reaching $15.777 million. Additionally, Hyperbot data indicates that Machi Big Brother holds a 25x leveraged long position in Ethereum, currently facing an unrealized loss of approximately $196,000.

The recent Ethereum Community Conference (ETHCC) in Cannes highlighted a growing tension between Ethereum's foundational decentralization principles and the increasing involvement of institutional players. According to NS3.AI, the event saw significant sponsorship from the Canton Network, which underscored this divide. Critics pointed out that the combination of low attendance and high ticket prices made the conference less accessible to retail investors, raising concerns about the inclusivity of such events in the future.

According to official news, Agora announced that starting April 3, 2026, it will gradually cease the issuance and support of AUSD on the Injective network. Under the latest adjustment, no new AUSD will be minted on Injective from now on, and holding AUSD on the network will no longer earn any rewards. However, users can still redeem AUSD at a 1:1 value, and the redemption window will continue until September 28, 2026. This adjustment only applies to the Injective network and does not affect the operation of AUSD on other chains. Regarding the redemption process, Agora stated that its customers can complete the operation through their account contacts. Users only need to send AUSD from Injective to official channels, and the platform will assist in converting it to AUSD on the user's designated chain, or exchanging it for USD and other supported stablecoins. The official announcement emphasizes that September 28, 2026 is the standard redemption deadline; remaining assets can still be processed after that date, but additional KYC verification processes and related fees may be required. Agora stated that this decision stemmed from its regular evaluation mechanism for multi-chain deployments, primarily considering factors such as actual usage, ecosystem health, and infrastructure costs. Following a comprehensive evaluation, Agora decided to strategically scale back its AUSD operations on the Injective network to optimize resource allocation and improve overall operational efficiency.

According to CME's "FedWatch": the probability of the Federal Reserve raising interest rates by 25 basis points in April is 0.5%, and the probability of keeping rates unchanged is 99.5%, both unchanged from before the announcement. The probability of the Fed cutting rates by a cumulative 25 basis points by June is 2.0% (7.8% before the announcement), the probability of keeping rates unchanged is 97.5% (91.7% before the announcement), and the probability of a cumulative 25 basis point rate hike is 0.5% (unchanged from before the announcement).

Huang Licheng has initiated new high-leverage positions in Bitcoin and HYPE, according to ChainCatcher. Data from Hyperbot reveals that he has opened a 40x leverage long position in Bitcoin with a holding of 11 BTC and a 10x leverage long position in HYPE with a holding of 10,000 HYPE. In addition, Huang holds a 25x leverage long position in Ethereum, amounting to 7,171 ETH. The total value of these positions is approximately $15.777 million, with an unrealized loss of around $196,000.

The U.S. added 178,000 jobs in March, exceeding the Wall Street Journal's historical forecast range for the indicator. The unemployment rate was 4.3%, within the historical forecast range. The jobs report is closely watched as investors and economists attempt to deduce any future interest rate decisions by the Federal Reserve and assess the cooling labor market. Regarding the March jobs report, the Wall Street Journal's forecasts have ranged from -38,500 to +73,000 over the past decade. Friday's figure of 178,000 was higher than the 59,000 economists surveyed by the newspaper. The slight decline in the unemployment rate is within the historical range of -0.2 to +0.1 percentage points. (Jinshi)

Hyperbot data shows that four hours ago, Brother Machi opened a new long position in BTC with 40x leverage (position of 11 BTC) and a long position in HYPE with 10x leverage (position of 10,000 HYPE). He also holds a long position in Ethereum with 25x leverage (position of 7,171 ETH). His total position is currently worth $15.777 million, with a floating loss of approximately $196,000.

Market pricing indicates a decline in expectations for Federal Reserve rate cuts in 2026. According to NS3.AI, this shift reflects changing investor sentiment regarding future monetary policy adjustments. The adjustment in market outlook suggests that investors are reassessing the likelihood of rate reductions by the Federal Reserve in the coming years.

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