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Odaily reported that Abdulla Kanoo, heir to the Bahraini billionaire Kanoo family, is pushing to migrate a cross-border trade market worth approximately $6 trillion onto blockchain infrastructure. Currently, cross-border payments still rely heavily on the traditional correspondent banking system, resulting in long settlement cycles, liquidity limitations, and uneven access to US dollars. Kanoo stated that ARP Digital, the digital asset infrastructure company he co-founded, is building a settlement network for capital flows between emerging economies. The goal is to reduce cross-border payment costs and dependence on intermediaries, accelerating the flow of trade funds in the “Global South.” According to his estimate, in 2024, trade between emerging markets exceeds $6 trillion, accounting for about one quarter of global trade, and is expected to grow to $32 trillion by 2030. (A certain exchange)

Foresight News reports that the stablecoin payment company Rain has announced the integration of Guardrail's security technology and team into its operations to enhance real-time protection of its products.Guardrail is a security engine that monitors over 30 on-chain transactions and has provided protection for customer assets totaling more than $30 billion. It is committed to delivering real-time defense at the foundation of every transaction. Unlike traditional blockchain security efforts that focus on auditing, Guardrail uses continuous monitoring and automated response, enabling it to react to anomalies within 100 milliseconds and reduce the exploitable window for attackers to almost zero.

BlockBeats News, June 17th. According to BlockBeats' data, after the SpaceX (SPCX) IPO, the initial free float ratio was 4.25%. This was calculated by dividing the number of shares issued in the IPO by the total post-IPO common shares outstanding, making it the lowest level among large/major tech IPOs in the U.S. Data shows that SpaceX issued 555,555,555 shares in its IPO, and the post-IPO total common shares outstanding are 13,075,865,175 shares. If the overallotment option is fully exercised, the initial free float ratio would be around 4.86%. Among large/major U.S. tech IPOs, Google (2004) had an initial free float ratio of 7.23%, Zoom (2019) had 8.14%, LinkedIn (2011) had 8.30%, Snowflake (2020) had 10.12%, Uber (2019) had 10.70%, Reddit (2024) had 13.84%, and Rivian (2021) had 17.62%. Compared to these, SpaceX has the lowest initial free float ratio. A lower initial free float ratio means that there is a limited number of tradable shares in the early trading of SpaceX. However, even after full dilution, the company's valuation remains high, forming a "low float, high FDV" structure. In a strong demand environment, the low float can amplify price volatility in the secondary market. But as lock-up periods expire and more shares are released, the subsequent expansion of the free float will place higher demands on market absorption.