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.

According to Lookonchain monitoring, trader loracle.hl (@loraclexyz) is selling 450,000 HYPE tokens, worth $15.98 million. In the past 9 hours, he sold 311,900 HYPE tokens through limit orders, worth $10.97 million, leaving 138,100 HYPE tokens remaining, worth $4.91 million.

Pixie Chess, a Web3-based chess platform, has successfully raised $5.2 million in a seed funding round. According to Foresight News, the investment was led by Paradigm, with participation from SEED CLUB and several angel investors. The funding aims to enhance the platform's development and expand its reach in the digital chess community.

Hyperliquid has achieved a nearly 6% share in the perpetual futures trading market, with its monthly trading volume reaching $200 billion. According to NS3.AI, this increase in market share indicates that Hyperliquid's growth surpasses the general rise in trading activity.

TAO's value nearly doubled in March, reaching approximately $317, which boosted Bittensor's market capitalization to just over $3 billion. According to NS3.AI, this increase coincided with the release of Subnet 3's Covenant-72B. The 72-billion-parameter model was trained across more than 70 distributed nodes and achieved a score of 67.1 on the MMLU benchmark, placing it competitively alongside Meta's Llama 2 70B. Currently, over 68% of the 10.7 million issued TAO is staked.

Ambassador Fu Cong, China's Permanent Representative to the United Nations, stated at an open meeting of the Security Council on cooperation with the Gulf Cooperation Council (GCC) that the origin of the Middle East conflict lies in the military attacks launched by the United States and Israel against Iran, and the fundamental solution to preventing the situation from escalating lies in the cessation of military operations by the US and Israel. China does not condone Iran's attacks on GCC countries and condemns all indiscriminate attacks on innocent civilians and non-military targets; the safety of shipping lanes should not be disturbed. Ambassador Fu emphasized that the Security Council should uphold an objective, impartial, and fair stance. Under the current circumstances, authorizing member states to use force is tantamount to legitimizing the illegal abuse of force, which will inevitably lead to further escalation and serious consequences. The Security Council must act prudently and play a positive role in promoting de-escalation and resuming dialogue and negotiations. (CCTV International News)

The closure of the Strait of Hormuz has pushed oil prices close to $150, redemption pressure in the private lending market has surged, and the AI ​​investment boom has begun to cool down... The US fiscal buffer is nearing its limit, and a domino effect could occur at any moment.

Hyperliquid platform whales currently hold positions totaling $3.473 billion, according to ChainCatcher. Data from Coinglass reveals that long positions account for $1.762 billion, representing 50.73% of the total, while short positions amount to $1.711 billion, making up 49.27%. Long positions have incurred a loss of $128 million, whereas short positions have gained $137 million. A notable whale address, 0xa5b0..41, has taken a 15x leveraged long position on ETH at a price of $2,148.7, resulting in an unrealized loss of $6.9864 million.

Recent data from SolanaFloor reveals that the impact of the Drift protocol vulnerability has widened, now affecting 20 protocols, up from the previous 11. According to Odaily, newly affected protocols include PiggyBank, Perena, Vectis, Valeo, Amp Pay, Loopscale, Prime Numbers Fi, Gauntlet, and Exponent. In terms of financial losses, Prime Numbers Fi estimates losses exceeding $10 million, Gauntlet around $6.4 million, Neutral Trade approximately $3.67 million, Elemental DeFi about $2.9 million, Reflect Money around $1.95 million, Vectis approximately $1.69 million, Ranger Finance about $919,000, Pyra around $551,000, and PiggyBank confirmed a loss of $106,000, which the team has fully compensated. Affected protocols have implemented various measures, with most suspending minting, redemption, deposits, withdrawals, or related vault functions. Prime Numbers Fi is still assessing the situation and has not announced specific actions. Vectis has yet to respond, but Ranger Finance has confirmed exposure to risk. Gauntlet has restricted further supply and is coordinating with Drift.

Alibaba's Qwen3.6-Plus has secured the second position on CodeArena's global programming model list. According to NS3.AI, this achievement places it ahead of models from OpenAI, Google, and xAI, making it the highest-ranked Chinese large model on the leaderboard.

Gyeonggi Province has commissioned a research project to develop an implementation plan for a stablecoin. According to NS3.AI, this initiative represents the first instance of a local government formally ordering such a study following prior discussions at the council level. Officials stated that the project aims to prepare for the expansion of blockchain-based financial infrastructure and to engage in ongoing regulatory discussions.

The official name for the token is "word unit," the new hard currency of the AI ​​era. In the future, the difference between people may lie in how many word units they possess. Will it circulate freely? Will the crypto ecosystem play a role?

The stablecoin issuance market has not moved towards a single model, but rather exhibits a differentiated pattern. Different issuers, based on their own size and market positioning, adopt drastically different core revenue strategies and coexist and develop.

The code was flawless, but the entire team was wiped out. The Drift incident revealed the final battleground for DeF security. AI auditing is not an option, it's a necessity.

Despite political resistance to fundamental change in the short term, the United States’ continued monetary expansion will exacerbate economic instability, wealth distortions, and financial vulnerabilities.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse 8 AM," issue 3015, providing you with the latest and fastest news on the digital currency and blockchain industry.

Ethereum's success depends on two things: the execution of its technology roadmap and the community's acceptance of the new narrative.

The first quarter of 2026 was less about a full recovery in venture capital and more about the emergence of new financing models.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Replacing traditional finance has never been an option on Wall Street. Instead, it's about having a parallel world where capital, risk, and return can be restructured more flexibly in a programmable way.