Circle Launches cirBTC, Humanity Protocol Hack Hits Token 80%, SpaceX IPO This Week

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Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets. Let's get into it. Bitcoin holding near $62,600 this Tuesday, down 1% in 24 hours and nearly 10% on the week. Circle launched SirBTC, a new wrapped Bitcoin token on Ethereum backed one-to-one by Bitcoin, competing in a $13 billion Synthetic BTC market, targeting institutional DeFi access. Humanity Protocol token crashed over 80% today, after a $36 million private key exploit. Attackers compromised a laptop hosting multi-sig wallet keys and drained 17 project wallets.
Minting an additional $100 million H-tokens.
SpaceX IPO prices. Thursday, June 12th, trading Friday the 13th. Market maker Wintermute flagged this as a near-term crypto catalyst. Strong reception, signals, healthy risk appetite, favorable for Bitcoin. Weak absorption suggests exhaustion. The listing targets at least $1.8 trillion valuation with a $75 billion raise, making it the largest IPO on record. Strategy bought $1,550 Bitcoin Monday for roughly $101 million, bringing total holdings to 845,256 BTC.
Bitcoin barely moved and broader crypto markets declined, with DeFi Select Index down 1.8%.
May CPI drops Wednesday with consensus calling for 4.2% year over year, up from 3.8% in April. A reading above 4% reinforces expectations the Fed's next move could be a hike, not a cut, pressuring crypto. Spot Bitcoin ETFs bled $1.7 billion last week. BlackRock's IBIE lost $1.34 billion. Fidelity's FBTC shed $202 million. Technical analysts flagging rare accumulation opportunity. Bitcoin's daily RSI hit record lows while wallets holding 1,000 to 10,000 BTC accumulated over 53,000 coins in 60 days. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.