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SpaceX will release its first earnings report since going public after the U.S. stock market closes on Tuesday, with the market focusing on the operational performance of its three major businesses: Starlink, Starship, and AI. Since its listing on June 12, SpaceX's stock price has continued to decline, closing at $114.53 on Monday, about 15% lower than the offering price of $135, and nearly 50% down from its historical high of $225.64, with a market value evaporating by over $500 billion. Visible Alpha estimates its Q2 revenue to be around $6.9 billion, primarily driven by Starlink. In terms of AI business, SpaceX previously acquired xAI and established computing power supply collaborations with Google, Anthropic, and others, with Q1 AI business revenue reaching $818 million. Additionally, the Starship's 13th test flight was recently completed, but the booster recovery experienced a hard landing.After this earnings report, SpaceX will face a lock-up period expiration on Thursday, with approximately 911 million shares (valued at about $100 billion) becoming tradable, raising market concerns about potential selling pressure. Data from S3 Partners shows that investors shorting SpaceX have realized gains of about $8.3 billion. Institutions like New Street and Yorkville Advisors believe that the pullback may provide an entry opportunity for long-term investors, with the ultimate trend depending on the strategic signals released by Musk during the conference call.

According to Jinshi, the Trump administration plans to invite employees from several tech companies, including OpenAI, Google, and Anthropic, to the White House on Tuesday to jointly review the completed artificial intelligence regulatory framework.The framework will establish a voluntary program for AI labs, requiring them to submit models for government review before release. The meeting will be hosted by the Office of the National Cyber Director and is expected to include employee-level representatives from various companies, rather than executives.

According to Jinshi, Elmar Voelker, a senior fixed income analyst at LBBW, stated in a report that investors may focus on the potential number of dissenting votes in the Federal Reserve's interest rate decision on Wednesday. He believes there could be as many as three dissenting votes, as there was already a camp of this size voting against the Fed's forward guidance as early as April.If the Federal Reserve unanimously decides to adopt a wait-and-see monetary policy stance, it would be an unexpected move favorable to the bond market, shaking market participants' general expectations for a rate hike in September.

ARK Invest's funds collectively purchased 121,400 shares of SpaceX stock, valued at approximately $14.996 million; at the same time, they sold 97,300 shares of Robinhood stock, valued at approximately $10.351 million, continuing the recent trend of reduction.On the same day, ARK also purchased about $4.965 million worth of shares in electric aircraft company Archer Aviation. According to previous reports, SpaceX closed down over 6% yesterday, hitting a new low since its listing.

According to The Block, Cathie Wood's Ark Invest purchased 16,665 shares of Securitize (SECZ) on Tuesday, valued at approximately $125,654. SECZ rose 13.9% that day, closing at $7.54.

The State Duma of Russia will conduct the second and third readings of the cryptocurrency regulation bill on Tuesday. The bill is titled "Digital Currency and Digital Rights," and it includes rules for investors and regulations related to cross-border payments.The bill proposes restrictions for non-qualified investors, including a limit of 300,000 rubles, approximately $3,800, for purchasing cryptocurrency through a single intermediary each year, and a limit of 100,000 rubles for transfers abroad. The purchase limit for qualified investors is set at 3 million rubles, with a limit of 1 million rubles for transfers abroad.If the bill is approved, Russia will establish a legal framework for cryptocurrency activities, covering rules for investors and cross-border trade operations. The main provisions of the bill are expected to take effect on September 1 and will allow companies supplying goods to Russia to use crypto assets.

According to The Block, Cathie Wood's Ark Invest purchased 181,847 shares of SpaceX on Wednesday, worth approximately $27 million.SPCX fell 0.81% on the day, closing at $148.26, with a cumulative decline of 13.5% over the past five trading days.

According to Reuters, informed sources revealed that due to the subscription scale reaching several times, South Korean chip manufacturer SK Hynix will end its $28 billion American Depositary Receipt (ADR) issuance book-building at 4 PM Eastern Time on Wednesday. It is reported that the final pricing guidance for this issuance will be announced after the close of the Korean stock market on Thursday, and the allocation results will be finalized later on Thursday evening, with plans to officially list on Nasdaq on July 10.The report pointed out that this issuance has attracted strong demand from American investors, with several large orders ranging from $200 million to over $1 billion. The company previously disclosed that institutions such as Baillie Gifford and Coatue Management have expressed interest in purchasing a total of up to $7 billion in ADRs. This transaction is expected to issue 17.79 million new shares, making it the second largest stock issuance in history globally, following SpaceX's record $85.7 billion IPO last month, surpassing the previous records of Saudi Aramco (2019) and Alibaba (2014). As a core supplier of high bandwidth memory (HBM) for companies like Nvidia and Google, SK Hynix stipulates that every 10 ADRs represent 1 share of common stock, with a reference price of 242,500 Korean won per ADR based on the Seoul closing price on July 3.

According to Cointelegraph, the New Hampshire Business Finance Authority (BFA) is scheduled to hold a public hearing on Wednesday regarding the issuance of $100 million in Bitcoin-backed bonds. The plan was approved by the BFA in November 2025 and requires final approval from the governor and a five-member executive council.The bonds are secured by collateral from the private borrower CleanSpark, with no recourse to state funds or taxpayers. Moody's assigned a preliminary rating of Ba2 (speculative grade) to the bonds in March. New Hampshire is the first state to pass a strategic Bitcoin reserve law, allowing 5% of public funds to be invested in digital assets.

According to The Block, Ark Invest, led by Cathie Wood, purchased nearly $18 million worth of Circle Internet Group stock on Wednesday, with CRCL dropping to $61.95 that day, a cumulative decline of 41% over the past month.

According to Jinshi reports, SpaceX (SPCX.O) options contracts will begin trading next Tuesday, and the company's stock started trading today. SpaceX raised $75 billion at a valuation of $1.765 trillion, with the stock opening at $150, higher than the IPO issue price of $135.A spokesperson confirmed that the options will be traded on exchanges including the Chicago Board Options Exchange (CBOE) and Nasdaq. These derivatives may see strong demand as they provide investors the opportunity to bet on the stock's future performance or hedge against the risk of a decline in stock price. A surge in options trading volume could further increase demand for stock trading.

An unknown trader sold approximately $1.3 billion worth of BlackRock's Bitcoin spot ETF IBIT in the dark pool market on Tuesday, attracting market attention. Data shows that the trader sold 29,200,000 shares of IBIT around 14:30 UTC at a price of $43.16. As a result, the price of Bitcoin dropped from $77,875 to $76,720 within 10 minutes, a decline of about 1.5%, and then further fell to around $75,600.Alex Thorn, head of research at Galaxy Digital, stated that this was the largest IBIT dark pool trade he had ever seen. Bloomberg ETF analyst Eric Balchunas noted that this trade was more than 22 times larger than the second-largest IBIT sell order of the day. Additionally, U.S. Bitcoin spot ETFs have seen net outflows for eight consecutive trading days. On Tuesday alone, the net outflow was approximately $333.6 million, with IBIT accounting for about $192.4 million. Since May 14, the cumulative net outflow from Bitcoin ETFs has exceeded $2 billion. Reports indicate that Jane Street reduced its Bitcoin ETF holdings by about 70% in the first quarter of this year, while Goldman Sachs also cut its related positions by about 10%.

According to the Science and Technology Innovation Board Daily, South Korea will launch a single leveraged exchange-traded fund linked to semiconductor giants Samsung Electronics and SK Hynix this Wednesday.Documents released by the Financial Services Commission and the Financial Supervisory Service of South Korea show that eight asset management companies, including Samsung Asset Management, Mirae Asset, Korea Investment, KB, Shinhan, Hanwha, Kiwoom, and Hana Financial, will list a total of 16 single leveraged and inverse ETFs based on Samsung Electronics and SK Hynix in the South Korean stock market. Mirae Asset Securities will also launch two types of ETNs.

According to Jinshi reports, the US and Israel are expected to resume strikes against Iran as early as next week. Amidst the soaring expectations of interest rate hikes in the bond market, the last meeting minutes of the "Powell era" are coming. Here are the key points that the market will focus on next week (all in Beijing time):Tuesday 9:30, the Reserve Bank of Australia will release the minutes of the May monetary policy meeting;Tuesday 20:00, Federal Reserve Governor Waller will speak at the European Central Bank research conference;Tuesday 20:15, the weekly change in ADP employment numbers for the week ending May 2 in the United States;Wednesday 7:00, 2026 FOMC voting member and Philadelphia Fed President Harker will speak;Thursday 2:00, the Federal Reserve will release the minutes of the monetary policy meeting;Thursday 20:00, European Central Bank Chief Economist Lane will speak at the European Central Bank research conference.The AI boom and consumer spending under inflationary pressure are the two main themes currently influencing the direction of US stocks. Next week, semiconductor giant Nvidia (NVDA) and a number of retail companies such as Walmart (WMT) will successively disclose their earnings reports. Nvidia will release its earnings report after the US market closes on Wednesday, and Walmart will release its earnings report before the US market opens on Thursday.

According to Cointelegraph citing Punchbowl, Coinbase CEO Brian Armstrong will have lunch with Senate Republicans on Wednesday to discuss the voting on the CLARITY Act. The vote on the bill will take place on Thursday.

According to Jin Shi reports, U.S. Vice President Vance stated: (The strike on) the Harcourt does not mean a strategic shift. He reiterated that the deadline for Iran is 8 PM Eastern Time on Tuesday. We will receive Iran's response before 8 PM Eastern Time. The U.S. is confident that Iran will respond. Iran has never been the fastest in negotiations, and it is still not.

Crypto journalist Eleanor Terrett posted on the X platform that the U.S. House Financial Services Committee plans to hold a hearing on tokenization next Wednesday at 10 AM (Eastern Time), with Blockchain Association CEO Summer Mersinger attending as an invited witness.

According to Politico, citing two informed sources, President Trump met privately with Coinbase CEO Brian Armstrong on Tuesday.As the discussion was a closed-door matter, the sources requested anonymity. It is unclear what was specifically discussed during the meeting, but shortly after, Trump posted on social media that banks "need to reach a good deal with the crypto industry" to advance the digital asset legislation currently stalled on Capitol Hill. He also stated that a recently passed crypto law "is being threatened and undermined by banks, which is unacceptable"—a statement that echoes Coinbase's position.

Cryptocurrency journalist Eleanor Terrett posted on X that insiders revealed the next round of discussions between the White House and cryptocurrency institutions regarding stablecoin yield issues is scheduled for next Tuesday.This meeting will still involve bank staff, but in addition to representatives from the banks themselves, representatives from various industry associations will also attend. The specific list of attendees will be disclosed later.

According to Jin Shi citing NBC News, U.S. House Speaker Johnson stated that he is confident of securing enough votes to end part of the government shutdown by at least Tuesday.