pros

According to CNBC, SpaceX plans to publicly release its IPO prospectus as early as next week, aiming to start a global roadshow on June 8 to formally introduce the deal to investors. The company secretly submitted its IPO application in April this year. This IPO is expected to become the largest in history. In February this year, SpaceX completed a merger with Elon Musk's artificial intelligence company xAI, resulting in a post-merger entity valuation of $1.25 trillion. Reports indicate that the company's target fundraising scale for the IPO is about $70 billion to $75 billion, more than double the record set by Saudi Aramco in 2019. The expected valuation for the SpaceX IPO has risen from $1.75 trillion to $2 trillion. According to regulations, the prospectus must be made public at least 15 calendar days before the roadshow begins, but SpaceX and its advisors hope to disclose it earlier to give investors more time to digest the financial data. Due to the unprecedented scale of this stock sale, SpaceX's advisory team is seeking special sales channels, particularly targeting retail investors outside the U.S. who prefer long-term holdings, including engaging with brokers in countries such as the UK, Japan, and Canada to secure allocation shares for their clients. As a result of this news, satellite and space concept stocks like Redwire, AST SpaceMobile, and Rocket Lab surged by 22.08%, 10.96%, and 6.77% respectively on the 14th.

OKX will launch PROS/USDT (Pharos) spot trading on May 13 at 18:00. Users can deposit funds on the same day starting at 12:00, place advance orders from 17:00 to 18:00, and withdraw funds starting at 20:00.

According to Cointelegraph, the U.S. Department of Justice disclosed that Elijah Armstrong, Nino Chindavanh, and Jayden Rucker have been charged with home invasion and kidnapping targeting cryptocurrency holders in the San Francisco and Los Angeles areas, involving at least $6.5 million.Prosecutors stated that the three pretended to be delivery personnel to forcibly enter residences and threatened victims with violence to hand over their cryptocurrency wallet recovery phrases. The indictment shows that between November 22 and December 31, 2025, at least four individuals were targeted, with one victim being forced to transfer $6.5 million worth of cryptocurrency.

ZachXBT posted on platform X, revealing that crypto KOL and former Fortnite professional player Yelo has been charged with money laundering for threat actors through his luxury car rental business in Miami, facing up to 30 years in prison.

According to the official announcement, Bithumb will launch the PROS KRW trading pair.

UPBIT will launch trading for Pharos (PROS) on May 8 at 20:30, supporting KRW, BTC, and USDT markets. Users are advised that the deposit service will be available 1 hour and 30 minutes after the announcement is made.

According to Cryptopolitan, a court in Barcelona is investigating six former Sevilla FC players for their alleged involvement in a fraud case related to the Shirtum crypto project.Newly submitted criminal complaints indicate that the project is accused of selling fake NFTs and manipulated tokens to investors, resulting in losses of over 24 million euros, approximately 28 million dollars. The players named in the complaint include Papu Gómez, Lucas Ocampos, Ivan Rakitić, Nico Pareja, Alberto Moreno, and Javier Saviola. Additionally, El Correo de Andalucía reports that Diego Perotti and Marcelo Guedes were also involved in promoting the project. Thirteen Spanish investors have filed a lawsuit with the Barcelona Investigative Court No. 5, claiming they lost all their funds.It is reported that Shirtum was promoted as a digital collectibles trading platform for football and sold "cinematic NFTs" containing player photos and recordings, priced at around 450 euros each. However, the complainants claim that these NFTs were never minted on any blockchain and cannot be transferred or resold. Furthermore, Shirtum's promoters previously obtained about 3 million euros in BNB from investors for the development of iOS and Android mobile applications, but the app was never launched, and the related funds were neither refunded nor accounted for.

The South Korean prosecution has formally requested the court to sentence the former CEO of the cryptocurrency platform Delio, Jeong Sang-ho, to 20 years in prison, accusing him of committing large-scale economic fraud. In the closing statement at the Southern District Court of Seoul, the prosecution cited the local economic crime aggravated punishment law, directly pointing out that the suspect had long deliberately deceived and falsely advertised, causing approximately 2,800 investors' funds to be trapped and difficult to redeem.The prosecution pointed out that the defendant had a clear subjective intent to defraud, the losses involved were enormous, and he subsequently refused to cooperate with the investigation and deliberately shirked responsibility, continuously exacerbating the losses and difficulties faced by the victims. Therefore, they are seeking a strict sentence according to the law.

According to the official announcement, Bitget has launched U-based AIGENSYN and PROS perpetual contracts, with a maximum leverage of 20 times. The contract trading BOT will also be opened simultaneously.

According to Jinshi reports, Federal Reserve Chairman Powell stated that the outlook for rising core inflation is realistic.

According to Arkham monitoring, the Kyber Network hacker is transferring stolen funds to Tornado Cash.The hacker Andean Medjedovic previously stole $48.8 million from KyberSwap at the end of 2023 and had also attacked Indexed Finance, stealing $16.5 million. He was indicted by the FBI in 2025.

OKX will officially launch the PROS/USDT perpetual contract on April 28, 2026, at 22:00, with a leverage range of 0.01 to 20 times, and trading will be available 24/7.

Bitget will launch spot trading for Pharos (PROS). The deposit channel is now open, and the trading channel will open today at 21:00 (UTC+8).

The French National Anti-Organized Crime Prosecutor's Office (Pnaco) has stated that cases of kidnapping and illegal detention involving cryptocurrency are continuing to surge. Among the 12 related cases currently under investigation, 88 people have been prosecuted, including more than 10 minors, and another 75 are in custody awaiting trial.Prosecutor's data shows that since 2023, French law enforcement has recorded 135 such cases, with 18 in 2024, rising to 67 in 2025, and reaching 47 so far in 2026. Many of these cases involve violent kidnappings, ransom extortion, and forcing victims to transfer cryptocurrency assets. The prosecution pointed out that some suspects have appeared multiple times in different cases, indicating the formation of a structured criminal network behind it. The previous kidnapping incident involving Ledger co-founder David Balland is also seen as an important sign of the escalating security risks in the French cryptocurrency industry.

Coinbase Markets has added Virtuals Protocol (VIRTUAL), Pharos (PROS), and KAIO (KAIO) to the listing roadmap. The specific launch time will depend on market-making support and technical readiness, and will be announced separately once conditions are met.

According to a Reuters report, SpaceX's prospectus shows that its Starlink business's operating revenue rose to $4.42 billion last year, a significant increase compared to $2 billion in 2024 and $469 million in 2023. In addition, the document reveals that Musk and a few insiders will maintain voting control through a dual-class share structure after the IPO.The company's cash position increased from about $11.4 billion at the end of 2024 to over $22.8 billion, with total assets of approximately $92 billion and total liabilities of about $50.8 billion by the end of 2025. Cash and cash equivalents on the balance sheet amount to $24.8 billion. Meanwhile, the xAI business's operating losses expanded to $6.4 billion last year.

According to Jinshi reports, the failure of peace negotiations between the United States and Iran has led the bond market to focus on inflation issues and strengthened expectations that interest rates will remain high. Investors in the U.S. Treasury market face the risk that rising energy costs may exacerbate price pressures, delaying the Federal Reserve's rate cut actions.Last Friday, the monthly increase in the U.S. March CPI reached its highest level since 2022, prompting the 10-year U.S. Treasury yield to exceed 4.3%, with yields further rising by 3 basis points on Monday to reach 4.35%.

According to a report by South Korea's News1, the Korean "drug lord" Park Wang-ryeol (phonetic) who was apprehended in the Philippines has been transferred to the Korean Drug Crime Joint Investigation Headquarters. Authorities will focus on tracing his hidden funds and Bitcoin transaction records, and will begin to arrest related accomplices.Park Wang-ryeol is accused of continuously smuggling and selling drugs within South Korea from November 2019 to July 2024, with confirmed criminal proceeds amounting to approximately 6.8 billion won. Additionally, drugs valued at around 6.4 billion won, including methamphetamine (12.7 kilograms), were seized during smuggling, bringing the total scale of the case to about 13.1 billion won.As outsiders believe that the aforementioned amounts do not match his long-term operational scale, the investigation will focus on his hidden assets. Park Wang-ryeol has received payments for drug sales through non-discounted deposits and Bitcoin wallets, and authorities plan to analyze the on-chain transaction records of the involved Bitcoin wallets.

According to Decrypt, the U.S. Attorney's Office for the District of Connecticut announced that it has recovered and seized over $600,000 in cryptocurrency after a Ledger hardware wallet user fell victim to a phishing scam, being lured into performing a so-called security check by a letter impersonating "Ledger Security and Compliance," resulting in approximately $234,000 in crypto assets being stolen.The FBI and state police tracked the flow of funds, successfully seizing about $600,000 in USDT and filing a civil forfeiture lawsuit, alleging that the source of the funds involved wire fraud and money laundering. It is reported that this is one of a series of phishing incidents targeting hardware wallet users, where scammers used physical mail letters featuring company logos, holograms, and QR codes to enhance the credibility of the fraud. Similar incidents have affected companies like Ledger and Trezor, accompanied by data breaches and vulnerabilities in third-party services, leading to ongoing phishing attacks.