Just days after pulling off the largest initial public offering (IPO) in financial history, Elon Musk’s newly listed aerospace and artificial intelligence conglomerate, Space Exploration Technologies Corp (NASDAQ: SPCX), has triggered a massive post-IPO rally. Spurred by aggressive retail trading, index inclusion prospects, and a blockbuster $60 billion corporate acquisition, SpaceX stock vaulted 4.83% on Tuesday to close at $201.80, briefly flipping Microsoft intraday and comfortably leapfrogging Amazon to become the fifth-most valuable company in the world.

Asian equities fell on Wednesday, with South Korea’s Kospi down 0.93% and Japan’s Nikkei 225 off 0.06%. Markets are focused on the Federal Reserve’s policy meeting as some FOMC members warn inflation could prove more persistent and higher energy prices add to those concerns. Some officials also want to remove wording that suggests the next rate move is likely to be a cut. The meeting is the first chaired by Kevin Warsh, as Donald Trump continues to press for lower borrowing costs.

Neo Global Development has rolled out a “Rock Paper Scissors” game on the Neo X sidechain that lets users try Neo’s anti-MEV features firsthand. The game is live at rps.ngd.network. It is designed to show how front-running can occur through the public mempool and how MEV-protected transactions can prevent it.

A legacy Aztec Connect smart contract was exploited for roughly $2.1 million, while Aztec’s current infrastructure was not affected. The incident involved about 909 ETH and targeted the immutable RollupProcessorV3 contract. Aztec Connect was deprecated and shut down in March 2023, leaving the legacy contract as a separate, still-live on-chain component.

XRP withdrawals on Binance increased as activity shifted away from deposits, while leverage in the exchange’s derivatives market reached a 2026 high. Data shared by Cryptoquant showed withdrawals accounted for 53.2% of transaction activity. Binance’s XRP estimated leverage ratio also rose to its highest level of 2026.

A U.S. judge ruled that Eight Mile Style, Eminem’s music publisher, can move ahead with its $109 million copyright lawsuit against Meta, rejecting Meta’s bid to dismiss the direct infringement claim. The case alleges that Facebook, Instagram and WhatsApp made 243 songs available in their in-app music libraries without a valid license, including “Lose Yourself.” The court said storing the works in the platforms’ libraries could constitute unauthorized reproduction, while dismissing Eight Mile’s secondary infringement claims.

Expectations around a potential US-Iran deal and a possible reopening of the Strait of Hormuz have pushed Brent crude below $85 per barrel. In India, retail prices of petrol, diesel and domestic LPG have been raised, widening the marketing margin cushion for fuel retailers. Brokerages see oil marketing companies such as Indian Oil, BPCL and HPCL, along with LNG players such as Petronet LNG, as among the biggest beneficiaries, while upstream producers ONGC and Oil India could face pressure on realizations.

The United States is negotiating a memorandum of understanding with the Palestinian Authority that would address restarting the transfer of more than $5 billion in withheld clearance revenues, back Saudi-led reforms in the PA, and advance a governance transition in Gaza tied to a 20point plan. The talks have stalled amid Israeli objections, particularly over PA welfare payments to prisoners, and because Finance Minister Bezalel Smotrich has blocked the release of funds. Washington has weighed alternatives such as routing money via the World Bank or unilaterally seizing some of the funds, though the legal basis is described as weak. The issue is part of a longer political process and has not triggered new military action, sanctions, or disruptions to resource supplies.