<b>SpaceX IPO Bets Fuel Crypto Market Speculation</b>

A unique phenomenon is emerging in the crypto market as traders turn to perpetual futures contracts to gauge the expected listing price of SpaceX's highly anticipated initial public offering (IPO). The contracts, which track Elon Musk's aerospace giant and have no expiry date, launched this month and have already seen significant trading activity.

The average daily volume for these contracts has been nearly $18 million over two weeks, indicating a strong appetite among investors to speculate on the company's valuation. This trend is worth watching, as it may provide insight into the market's expectations surrounding SpaceX's listing price.