🤡 SpaceX goes full DeFi

63+ Cheat Sheets | Advertise | SuperAI x Crypto | Free One-Shot Guides

A bit of a breather today as Trump paused tomorrow’s planned Iran strike after Gulf leaders stepped in to keep peace talks alive. But don’t celebrate a “rate cut” just yet – HSBC warns that even with a peace deal, global inflation isn’t cooling down. Both the ECB and BoE are targeting rate hikes by July to save their credibility.

The real explosive news is coming from the SEC. Chairman Paul Atkins is dropping an “innovation exemption” framework this week. This bypasses corporate permission, allowing third parties to create tokenized stocks and on-chain assets tracking giants like Apple or Tesla.

Here’s what we got for you today:

• 👀 Crypto dips while stocks hit record highs

• ⭐ Traders betting on Musk’s Space empire

• ⭐ SEC opens door for for tokenized stocks

• 🔥 Burning hot takes for the road

Escape Wall Street’s Control Over Your Crypto

Wall Street hijacked the stock market 200 years ago. 

Now in 2026, they’re coming for YOUR digital assets.

Bitcoin was supposed to be peer-to-peer. No banks. No middlemen.

Not anymore.

BlackRock owns more Bitcoin than most countries. 

Fidelity’s ETF hit $10 billion. 

JPMorgan called Bitcoin a “fraud” — now they run billions in tokenized assets. 

They ARE crypto now.

Every time you hit “Buy” on Coinbase, you’re trading at their prices that they’ve already positioned themselves for the biggest returns. You’re fighting over scraps.

It’s the 2008 playbook. 

Wall Street sold mortgage-backed securities to retail, then shorted them and made billions while people lost their homes.

But there’s a way to operate outside their system.

Tan Gera, ex-Wall Street banker and CFA Charterholder, walked away after discovering their two-tier system. 

Now, his 35-person research team helps 3,000+ investors access opportunities before Wall Street marks them up 100x.

Click here to watch the free presentation now →

For educational purposes only. Results will vary. DM Intelligence LLC is not liable for losses.  

The stock market is printing green daily, the S&P 500 is smashing records, yet Bitcoin is struggling to hold $77k and altcoins look completely stagnant. Historically, they moved together. So why is crypto being left behind in the dust right now?

In our latest deep dive, we’re exposing the hidden plumbing behind this correction and mapping out exactly how to position your cash:

• The exact technical support band that keeps rejecting Bitcoin – and the hidden reason why Michael Saylor’s $2B buy wasn’t enough to force a breakout.

• How a massive wave of 2026 IPOs and AI stocks are actively sucking the liquidity right out of the crypto market.

• We lay out the exact price targets for the Bullish, Neutral, and Bearish macro setups so you can stop guessing and start planning.

🚀 SPACEX PRE-IPO PERPS LIVE ON HYPERLIQUID: TRADERS PRICE MUSK’S GIANT ABOVE $2T

Every Monday morning, our team gets on a call and argues about where the smart money is moving. Today, we’re letting you eavesdrop on the chaos.

Hyperliquid just launched a pre-IPO perpetual contract for SpaceX ($SPCX-USDC), and the order book went absolutely parabolic.

Before Elon Musk even files a public S-1 statement with the SEC, on-chain degens are already dictating the company’s valuation.

1/ The face-melting shadow market

The contract opened with a $150 reference price based on SpaceX’s 11.87 billion shares. That implied a starting valuation of $1.78 trillion – right where Wall Street expected it to land. Then retail stepped in.

• Within hours, buyers sent $SPCX flying up to $216, aggressively driving the implied valuation past $2.5 trillion before cooling off near $203.

• The first 12 hours generated over $40 million in volume. There is literally no equivalent for this in traditional finance.

→ My take: “The traditional IPO playbook is dead. Why wait for investment banks to price an asset when a 24/7 liquid ledger can do it better?”

2/ Why this isn’t your average “Pre-IPO” hype

You might remember when tokenized shares of Anthropic and OpenAI completely collapsed recently after corporations declared the underlying private share transfers void.

$SPCX avoids this entirely. It’s a synthetic perp cash-settled in USDC. Traders aren’t buying real stock or corporate rights; they are strictly betting on the valuation narrative.

We saw this exact model validate itself with Cerebras Systems ($CBRS ( ▲ 2.35% ) ) on May 1. Hyperliquid’s perp predicted the opening price within a 3% deviation, completely crushing legacy private secondary markets which were off by 35%.

🧠 The real value capture

Look, the legacy finance guys are going to complain about the lack of public financial disclosures or continuous benchmarks. But while they complain, the crypto native market is capturing the value.

Plus, there’s a hidden catalyst here. Arkham Intelligence data shows SpaceX is currently holding 8,285 Bitcoin (~$637M) in custody. When that official listing happens, that massive corporate treasury position goes public under the new fair-value rules.

While the broader market looks sluggish, Hyperliquid’s native token, $HYPE ( ▼ 0.59% ) , just decoupled and rallied +7% to a seven-month high on the back of this launch.

SpaceX is eyeing a June debut. Until then, the truest public benchmark for Elon’s giant is on-chain. Handle your leverage with care (the contract caps at 3x), and keep your eyes on the $SPCX ( ▼ 0.18% ) order book.

10 AI Stocks to Lead the Next Decade

AI isn’t a tech trend – it’s a full-blown, multi-trillion dollar race, and 10 companies are already pulling ahead.

These are the innovators driving real revenue, attracting institutional attention, and positioning for massive growth.

Get all 10 tickers in The 10 Best AI Stocks to Own in 2026, free today.

Download Now

👑 WALL STREET ON-CHAIN: THE SEC GIVES GREEN LIGHT FOR TOKENIZED STOCKS

The SEC is poised to drop an “innovation exemption” framework that opens a fast-track legal corridor for tokenized securities.

Instead of slapping crypto platforms with endless lawsuits, Washington is officially pivoting to build a bridge that upgrades the “operating system” of the global equity market.

1/ The “innovation exemption” playbook

According to Bloomberg, this framework will allow traditional financial institutions to experiment with issuing and trading tokenized versions of public equities under a highly flexible regulatory sandbox:

• We are talking about 24/7 trading, near-instant blockchain settlement, and completely bypassing legacy clearing intermediaries.

• The SEC is leaning toward a model where these tokens reflect the financial value of the stock, but not legal ownership. That means you get exposure to Apple or Tesla, but no voting rights or direct dividends.

Even wilder? Third-party crypto platforms might be allowed to track and trade these stock synthetics without needing direct permission from the listed companies. If that sounds familiar, it’s because it’s the ultimate legitimization of the synthetic asset models DeFi has been trying to build for years.

2/ Wall Street’s multi-trillion dollar race

While the SEC prepares the rules, the biggest custodians on the planet are already positioning their war chests.

The DTCC – which secures an insane $114 trillion in traditional financial assets – announced they are launching a tokenized asset pilot program. It goes live in July and expands fully in October.

They aren’t building a closed sandbox either; their platform is designed to cross-chain asset movements. If even a fraction of that $114T migrates to public ledgers, it instantly eclipses the total value locked (TVL) of the entire DeFi ecosystem combined. Nasdaq and the NYSE (via a massive partnership with OKX) are already building out matching on-chain clearing systems.

🧠 The real value capture

This is the biggest structural shift in financial plumbing since the invention of the ETF.

Traditional finance isn’t coming to kill crypto; they are coming to steal our technology to save themselves billions in back-end operational costs. T+2 settlement cycles are a relic of the 1970s, and Wall Street knows it.

But don’t expect this to send your favorite micro-cap altcoins to the moon. The real value is going to layer-1 infrastructure protocols that can handle enterprise-grade security and liquidity, and to crypto-integrated equities like Coinbase or Circle.

We’re moving away from the era of “speculative digital tokens” and straight into the era of Programmable Finance.

🔥 BURNING HOT TAKES FOR THE ROAD

MicroStrategy just scooped up another 24,869 $BTC ( ▼ 0.1% ) for a massive $2 billion, at an average price of $80,985 per coin. Read more

US Spot-Bitcoin ETFs just recorded $648.61 million in net daily outflows, marking the third-biggest exodus of the year. Read more

Echo Protocol was exploited for $76 million after a hacker hijacked admin keys to mint fake eBTC, leveraging it on Curvance to drain real $WBTC ( ▼ 0.27% ) assets. Read more

The Ethereum Foundation shake-up deepens as senior researchers Carl Beek and Julian Ma both resigned today, adding to recent high-profile exits. Read more

🤡 SPICY MEME

💌 SHOUTOUT FROM OUR FIRESTARTER

We read your emails, comments, and poll replies daily

Hit reply and say Hello, we’d love to hear from you!

And if you’ve got a friend deep in crypto (or just getting started), feel free to forward this to them. They can sign up here. Cheers!

⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.