Binance Wallet, Bybit and Bitget canceled SpaceX pre-IPO tokenized-share offers on Friday and issued refunds after xStocks could not obtain the underlying shares. Retail demand reportedly overwhelmed available allocations, with Bloomberg citing over $100 billion in retail orders and xStocks partners said to have collected more than $1 billion in customer interest. The episode highlighted that token issuance can function as designed, but sourcing and holding the real shares within required frameworks can still be the limiting factor.

Bitwise said Bitcoin often reacts first to tightening liquidity, describing BTC as a “canary in the macro coal mine” as broader risk assets show strain. BTC fell 1.2% on the day and faced another potential retest of $60,000 support, while Glassnode data showed XRP’s 90-day average network fees down 91.5% to 500 XRP from 5,900 XRP. Separately, Ether futures open interest on Binance reached a record 3.7 million ETH even as ETH remained down 44% in 2026.

Binance halted its SPCXx tokenized SpaceX offering after it and other exchanges could not obtain enough SpaceX shares to support the product. The campaign drew about $557 million in subscriptions, and Binance said user funds will be refunded in USDC and that an additional $1 million compensation program will be provided. The exchange stated refunds will be completed by June 12, with related airdrop credits expected by June 18.

The SEC approved NYSE Arca’s request to list and trade shares of the T. Rowe Price Active Crypto ETF in a June 12, 2026 order. The actively managed fund can select from an eligible list including BTC, ETH, XRP, SOL, DOGE, and XLM, and it typically expects to hold five to 15 crypto assets. The filing also allows USDC for operational purposes such as expenses and trade execution, not as an investment holding.

On June 13, XRP slipped into a weaker technical setup after losing the multi-month $1.30 area and is trying to steady near $1.14, with $1.00 flagged as the next psychological level if the range fails. Zcash rebounded after dropping from above $600 to nearly $250 and is consolidating around $430 between $450-$500 resistance and about $400 support. Toncoin is hovering around key moving-average clusters near $1.68, while Shiba Inu's bounce remains under major averages with resistance near $0.0000055 and recent lows around $0.0000045 back in focus.

Coinbase said on June 12 it is preparing the next phase of its “Everything Exchange,” aiming to let users access crypto, stocks, ETFs, cash, perpetual futures, prediction markets, and rewards from a single account. The company highlighted goals including instant settlement and 24/7 availability, and said its roadmap covers nearly 10,000 stocks and ETFs. Coinbase added it plans to reveal the next phase on June 16.

On-chain trackers flagged a 75,000,000 USDT transfer leaving a Binance-associated wallet on Ethereum. The transaction (hash: 0x0b880…8abc7) moved funds to an external address, while the recipient and purpose remain unclear. Traders are watching the outflow as stablecoin reserve shifts can coincide with broader market repositioning.

Bybit launched SPCXX, a tokenized SpaceX product under the xStocks framework, on its Spot market and introduced related reward campaigns. SPCXX trading and deposits go live at 16:20 UTC on June 12, 2026, with withdrawals opening at 10AM UTC on June 13, 2026. Users can join a 200,000 USDT Token Splash tied to SPCXX spot volume, and new users may qualify for a 10 USDT bonus after completing 100 USDT deposit and 100 USDT SPCXX trade steps.