Lack of kinetic energy? ETH liquidity target within this range

The Ontario Teachers' Pension Plan in Canada invested approximately $220 million in SpaceX in 2019, with the company valued at around $33 billion to $36 billion at the time. If SpaceX goes public at a valuation of $135 per share, approximately $1.75 trillion, its shareholding value will rise to approximately $11.6 billion, with potential book profits exceeding $11 billion. As of the end of 2025, the fund will manage assets of approximately $279.4 billion, covering 346000 in-service and retired teachers. Gillian Brown, Chief Investment Officer, stated that an IPO may not necessarily be the time to exit, and that holding shares may continue in the future. The fund invested approximately $950 million in FTX in 2022, but due to FTX bankruptcy, the write down was reduced to zero. However, driven by projects such as SpaceX, its venture capital portfolio is expected to grow by 30% by 2025. Some institutions are cautious about SpaceX's valuation, and Morningstar believes that its reasonable valuation is less than half of its IPO target. Based on a valuation of $1.75 trillion, Musk, who holds approximately 41% of the shares, may see his net worth further increase.

According to CoinDesk, Ledger CTO Charles Guillemet stated that the minimum capital and legal, audit, and compliance costs set by the EU MiCA are too high for small cryptocurrency startups to afford, and instead provide an advantage for traditional financial institutions with strong capital. MiCA requires a capital contribution of 50000 to 150000 euros from advisory services to trading platform operation, with compliance costs of approximately 4500 to 87000 US dollars per token whitepaper. At the same time, after the launch of spot crypto ETFs, European banks are accelerating their layout of custody and asset tokenization, relying more on cryptocurrency security companies such as Ledger, while small Web3 startups are being squeezed out of the European market.

Binance MORCHO is currently priced at $1.90, with a 24-hour increase of 11.76%. 24-hour transaction volume of 27.53 million US dollars, an increase of 69.59%, for reference only

The founder of the largest DeFi platform blamed "third-party” entities for decentralized finance’s vulnerabilities, while independent data highlights severe gaps in Aave’s own risk architecture. What to know : A $292 million exploit of KelpDAO’s LayerZero bridge in April 2026 triggered an $8.45 billion, 48-hour deposit run on Aave, exposing the vulnerability of major DeFi platforms to bank-run-style stress. Aave survived the crisis only after a chaotic, human-led $300 million emergency bailout, including 25,000 ETH from the Aave DAO and 5,000 ETH from founder Stani Kulechov, despite his public framing of the episode as proof of the protocol’s resilience. In response, Aave is planning a V4 upgrade that will replace pooled token design with a modular hub-and-spoke system intended to localize risk, impose targeted premiums and freeze specific collateral lines to prevent future contagion from bridge failures.

According to Onchain Lens monitoring, a whale sold 82900 HYPE at an average price of $64.34, earning a profit of $2.06 million.