News

Jinse Finance reported that on June 19, Theodore Gillibrand, son of New York State Senator Kirstin Gillibrand, raised $30 million in funding for his perpetual contract trading platform, American Perpetuals Exchange Corporation (APEC), led by Lux Capital, with a valuation of approximately $300 million.According to a memorandum dated June 4, APEC plans to apply for a Designated Contract Market (DCM) license and is seeking special exemptions to list single stock perpetual contracts under joint regulation by the CFTC and the SEC. The two regulatory agencies are currently cooperating on regulatory coordination for emerging assets such as perpetual contracts.The memorandum notes that the lack of regulated perpetual contract trading platforms in the United States has not eliminated market demand but has instead pushed trading overseas. APEC also plans to apply for a Derivatives Clearing Organization (DCO) license to enable internal clearing. Theodore Gillibrand is a recent Stanford University graduate and has previously worked at Paradigm and a16z. His mother, Kirstin Gillibrand, is a key supporter of the crypto industry and has co-sponsored the GENIUS Act stablecoin bill.

On June 19, S&P Global Ratings assigned SpaceX a 'BBB' issuer credit rating with a stable outlook, citing strong performance in its launch and connectivity businesses, but offset by significant capital requirements and uncertainties in its artificial intelligence operations. S&P expects SpaceX to maintain an adjusted leverage ratio below 2.0 times by 2029. S&P stated, 'We anticipate that leverage will peak in 2028, with S&P Global Ratings' adjusted leverage reaching 1.2 times, but will improve year by year as the company expands its connectivity business's revenue and profitability and begins to monetize its artificial intelligence operations.'

On June 19, Iran and the United States officially signed a memorandum of understanding, with one of the most notable commitments being the restoration of commercial shipping in the Strait of Hormuz. What is the current situation in the Strait of Hormuz? On the first day of the memorandum's signing, a reporter from the main station revisited the Strait of Hormuz. Previously, on June 5, the reporter had also visited the Strait for filming. At that time, the reporter observed that hundreds of vessels were stranded on one side of the strait, and large commercial ships were scarce in the waterway. However, upon revisiting on June 18, the reporter noted a decrease in the number of stranded vessels, and large commercial ships began to pass through the strait.