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SpaceX files confidentially for a landmark $1.75T IPO

SpaceX submitted a confidential S-1 to the SEC, targeting a June roadshow and a potential $75B raise at an estimated $1.75T valuation. The deal would be the largest IPO on record, underpinned by Starlink’s scale (12M+ subscribers; ~$24B annualized revenue) and expanding “orbital AI” services after integrating xAI. A successful listing could reopen the IPO window for late‑stage tech and defense startups and reset public-market risk appetite for mega-cap growth stories.

Source: FinanceFeeds


Australia enacts comprehensive digital-asset licensing regime

Parliament passed the Corporations Amendment (Digital Assets Framework) Bill, bringing exchanges and tokenized custody platforms under the AFSL regime with “bank‑grade” standards. The law mandates statutory client-asset trusts, standardized disclosure, travel‑rule compliance, and a 12‑month transition, aiming to de‑risk the sector and unlock institutional participation. Canberra’s move aligns Australia more closely with MiCA‑style rules and positions the country as a regulated hub for tokenized finance.

Source: FinanceFeeds


CFTC enforcement chief warns prediction markets: insider-trading laws apply

New CFTC Enforcement Director David Miller said event contracts are swaps under the Commodity Exchange Act and that the agency will pursue cases involving misappropriated information. The comments come amid suspicious trading tied to geopolitical events and ahead of legislative proposals that would further tighten controls. The signal: platforms and traders should expect surveillance, cooperation incentives, and traditional market‑abuse standards in a fast‑growing asset class.

Source: FinanceFeeds


BMO, CME Group and Google Cloud team up on tokenized cash for 24/7 settlement

BMO will offer tokenized cash and deposits on Google Cloud’s Universal Ledger to support continuous collateral, margin, and settlement flows within CME’s clearing environment. The permissioned network targets funding frictions tied to banking cut‑off times, enabling real‑time movements and programmable workflows. For institutions, the model promises tighter liquidity management, lower counterparty risk, and a bridge between traditional rails and tokenized settlement.

Source: FinanceFeeds


BNP Paribas, Crédit Agricole and Natixis join CLS cross‑currency swap settlement

Three major European banks went live on CLS’s PvP settlement service for cross‑currency swaps, addressing principal‑exchange and funding risks in a volatile FX environment. Integrated with OSTTRA’s MarkitWire and CLSSettlement, the service uses multilateral netting to reduce gross payments and liquidity needs. CLS reported an 87% YoY increase in average daily swap flows settled in 2025, underscoring accelerating adoption of centralized post‑trade infrastructure.

Source: FinanceFeeds


Crypto ETF inflows resume as Q2 begins, led by BlackRock and Fidelity

U.S. spot Bitcoin ETFs recorded ~$117.5M of net inflows on April 1, with Ethereum products adding ~$31.2M, extending a late‑March rebound. Flows remain concentrated in highly liquid, low‑fee funds (iShares/BlackRock, Fidelity), signaling measured institutional re‑engagement after Q1 volatility. Consistency of inflows will be key for price stability as markets recalibrate rate and geopolitical risk.

Source: FinanceFeeds


Google Quantum AI paper compresses timelines for crypto‑grade ECDSA risk

New research from Google’s Quantum AI unit suggests optimized circuits could break 256‑bit ECDSA with ~500,000 physical qubits—roughly 20x fewer than prior estimates—with a modeled nine‑minute “on‑spend” attack window. While today’s hardware is far short of that scale, the findings accelerate the urgency of post‑quantum migration for transaction‑signing layers. Large holders, custodians, and protocols are expected to prioritize PQC roadmaps and key‑management hygiene.

Source: FinanceFeeds


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Business — April 2, 2026 | Briefing24