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BlockBeats News, June 12th, according to Bitget market data, the European stock market indices saw a larger increase, with the Germany DAX30 Index, France CAC40 Index, and Euro Stoxx 50 Index all rising by over 2%.

BlockBeats News, June 12th, According to Fortune magazine, as SpaceX completes the largest IPO in history, the company is poised to create an astonishing wealth effect — beneficiaries will include not only its billionaire founder but also potentially thousands of employees and investors. The biggest wealth increment will flow to company executives and early insiders. Shares held by SpaceX's Chief Operating Officer (COO) Gwynne Shotwell and Chief Financial Officer (CFO) Bret Johnsen are both expected to be worth over $1 billion. Shares held by SpaceX director and Valor Equity Partners founder Antonio Gracias could ultimately be valued at around $65 billion; another director, Luke Nosek, is expected to have shares valued at around $5 billion. But wealth creation is not limited to the executive level. According to analysis by Hill, a San Francisco-based investment platform, approximately 400 current and former SpaceX employees are expected to have shares worth over $100 million. In other words, SpaceX's IPO is not only expected to create a new generation of tech billionaires but also has the potential to be one of the largest employee wealth creation events in Silicon Valley history. Overall, it is estimated that over 4,400 current and former SpaceX employees will become millionaires through this IPO.

BlockBeats News, June 12, according to Bloomberg, sources revealed that global banks are restricting hedge funds' leverage bets on top Asian chipmakers (including SK Hynix and Samsung Electronics), amid concerns of a potential pullback following this year's sharp rally. Sources said brokers including Citigroup, JPMorgan, and Goldman Sachs have raised the financing costs for hedge funds to bet on SK Hynix and Samsung Electronics stocks through derivatives. Banks have tightened the size of new trades and which firms they will deal with, with some even rejecting clients' requests for new derivative trades or evaluating on a case-by-case basis. Similar measures have been taken regarding TSMC. According to Bitget market data, SK Hynix plunged during the session, down nearly 7% from the intraday high; Samsung Electronics fell 4.5% from the intraday high.