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According to market news, State Street Group, which manages assets totaling $5.6 trillion, has disclosed an additional purchase of 1 million shares of the Nasdaq-listed Bitcoin treasury company Strive (stock code: $ASST), amounting to $17.7 million. Currently, it holds a total of 1.17 million shares of the stock, with a total market value of $20 million.

Gelonghui, May 21｜SpaceX's record-breaking IPO has brought to Wall Street the kind of excitement it has craved since the pandemic-era listing boom. However, this once-in-a-generation market event may not truly reveal whether the broader IPO market has genuinely recovered. This IPO is expected to ignite the enthusiasm of retail investors, but some analysts and industry experts warn that investors should not view it as a barometer for the wider IPO market, as the company has almost nothing in common with typical IPO candidates. IPOX Research Assistant Lukas Muehlbauer commented: “SpaceX is enormous in scale and has an extremely high valuation, so it cannot serve as a conventional test case for the IPO market.” Analysts say that SpaceX's success alone is unlikely to revive the IPO market. A wider recovery is still dependent on an easing of geopolitical tensions, stable stock markets, and reduced investor concerns about AI disrupting traditional tech companies. Brian Jacobsen of Annex Wealth stated: “Given SpaceX's unique size and rarity, its IPO is not a market signal. Index providers have to adjust or revise their rules to accommodate such a giant company by market capitalization.”Georgetown University finance professor Reena Aggarwal also said: “The success of SpaceX's IPO does not guarantee the success of other IPOs, because the company's unique business model actually does not have any real competitors. However, if the IPO fails for any reason, it will deal a blow to the entire IPO market.”

BlockBeats News, May 21st, according to Forbes news, as the situation in the Middle East intensifies, U.S. officials are working to sever financial channels related to the Iranian regime and increase efforts to crack down on Iran's growing use of cryptocurrency. According to the latest estimate from a threat intelligence data company, Iran controls around $7.7 billion in digital assets. Industry insiders believe that Washington may escalate pressure by threatening to sever the connections between cryptocurrency exchanges and the U.S. banking system.