SpaceX Tops $2.3T as Bitcoin Reclaims $65K on Iran Deal, Whales Add $700M

RLY News SpaceX extended its post-IPO surge into a second session this week, with shares trading near $178 and lifting the two-day gain to roughly 32% above last week's $135 listing price. The advance kept attention on a fast-expanding lineup of leveraged products built around the SPCX ticker. One issuer listed a 2x Long SpaceX Daily ETF alongside a 2x Short version, while a rival brought its own 2x long fund to market the same day. The original offering raised about $75 billion, the largest on record, drew roughly $250 billion in orders, and closed about three-and-a-half times oversubscribed, leaving the company valued near $2.3 trillion. Decentralized artificial-intelligence tokens rallied after Canadian Prime Minister Mark Carney warned that overreliance on a handful of American AI providers had become a strategic liability. His remarks followed a US directive ordering the maker of two frontier models to cut access for foreign nationals worldwide on national-security grounds, a request the company complied with while disputing its basis. Carney argued the episode showed why governments and firms should diversify rather than accept a single point of failure. Backers of decentralized AI built on public blockchain rails say spreading model controls across independent operators removes the kill switch, though observers note the sector still leans on a small group of chipmakers. Risk assets caught a broad bid after President Donald Trump said the United States and Iran had reached a peace agreement, with a signing scheduled for June 19. The deal removes the US naval blockade and reopens the Strait of Hormuz, prompting crude oil to fall about 5% to roughly $80 a barrel, down nearly a third from its early-March high near $120. Equities advanced worldwide and gold pushed above $4,330 an ounce. Attention now turns to June 17, when newly appointed Federal Reserve Chair Kevin Warsh chairs his first policy meeting; markets price a 97% chance rates hold at 3.50%–3.75%. The SpaceX listing rippled directly into crypto markets, where traders reached for tokenized equity products and derivatives to gain exposure. Futures tied to the stock saw volume climb about 140% to roughly $930 million, while open interest rose above $540 million. Retail demand was equally striking: individual investors bought a net $93.8 million of shares on the debut, the largest single-day retail purchase for any IPO on record, accounting for about 4% of all single-stock retail turnover that day. The frenzy followed Elon Musk's claim that the company could reach $1 trillion in annual revenue by the end of the decade. Bitcoin staged a rebound to near $65,800 after an on-chain bottom signal flashed for only the second time this year, the same setup that preceded a 24% rally earlier in 2026. The metric, which multiplies the share of supply in profit by 30-day volatility to flag low-risk bottoms, peaked in February before price climbed roughly 24% by May. Large holders appeared to act on the cue: on-chain data shows the cohort holding between 100,000 and 1 million BTC, together with wallets holding 1,000 to 10,000 BTC, added close to 11,000 BTC worth about $700 million as the signal fired. Bitcoin reclaimed the $65,000 level, climbing more than 3% to as high as $65,940 before easing slightly, as the diplomatic breakthrough lifted a geopolitical cloud that had pressured markets for weeks. The Hormuz chokepoint handles roughly 20% of global crude flows, and its reopening helped unwind the war premium built since late February. The altcoin market followed, with Ethereum advancing to around $1,724. The recovery still looks fragile: US spot Bitcoin exchange-traded funds recorded $316 million in outflows over the prior week, and the rebound now hinges on whether the Federal Reserve's tone this week sustains or undercuts the relief rally. COINOTAG's proprietary 42-indicator composite S/R scoring engine is not currently resolving a live spot price or active support and resistance bands for RLY, a reflection of thin liquidity that leaves the token without a clean composite score this session. In that vacuum, the macro tape carries the signal: COINOTAG's aggregate market data pins the Fear & Greed Index at 20/100, deep in Extreme Fear, while Bitcoin dominance sits at 69.7% and total crypto market capitalization holds near $1.92 trillion. The bullish case rests on the Iran-driven risk-on rotation broadening into smaller-cap names; the bearish case is that elevated dominance keeps capital concentrated in Bitcoin. A sustained dominance break below 69% would invalidate the defensive thesis and favor altcoins like RLY.