coverage ended Jun 12, 2026, 10:56 PM Live updates: SpaceX rallies nearly 20% in first session, while bitcoin trades shy of $64,000 Crypto firmed across the board following the largest equity listing in history. The token most tied to Elon Musk traded right in line with the market. Elon Musk’s SpaceX debuts on Nasdaq (Getty images) CFTC sues 8th state, New Mexico, over prediction markets push (Jesse Hamilton/CoinDesk) The U.S. Commodity Futures Trading Commission sued New Mexico on Friday to block its push to treat prediction market provider Kalshi as a gambling platform that should be regulated by the state. It’s the eighth state that the CFTC has sued, in its ongoing effort to argue that all prediction market providers are offering derivatives products that need to be regulated at the federal level, rather than gambling products that would be overseen at the state level. The complaint reads similarly to other filings the CFTC has made. The various court cases are continuing their journeys through the legal system, with several appellate courts considering the matter as well. SpaceX pares gains into close, still rises nearly 20% in first trading session Shares of Elon Musk’s SpaceX (SPCX) rose as high as
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