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Forward Industries said two Solana treasury rivals rejected its unsolicited all-stock takeover bids. Forward also offered to acquire SkyAI, but the proposal expired on June 12 without a response. Forward held more than 7 million SOL as of March 31 and has more than $1 billion in unrealized losses at Solana’s current trading mark.

SpaceX gave crypto-based private stock markets their biggest test ahead of the largest IPO in history. Perpetual futures tied to SpaceX gave traders an accurate sentiment gauge days before Nasdaq trading began. Tokenized SpaceX share sales stumbled after several exchanges failed to secure enough stock and forced refunds.

Bitcoin technicals suggest BTC could still rebound to $100,000 by September, but confirmation depends on resistance breaks. BTC rebounded 13.25% from a local low below $60,000 after a preliminary US-Iran truce revived risk appetite. CryptoQuant analyst Darkfrost said large holders sent an average of 3,200 BTC per day to Binance over the past month.

President Trump said the U.S. reached a complete ceasefire deal with Iran, and the Nasdaq Composite rose 2.2%. Iran has yet to confirm the deal. Oil prices fell more than $4 a barrel, while Chevron and Exxon Mobil dipped 3%. The two sides are set to meet on Friday in Switzerland to formally sign the interim deal.

Benchmark said an SEC proposal to repeal stock market structure rules could benefit crypto, with public comments expected for 60 days. The bank said the repeal could reduce conflicts between DeFi AMMs and tokenized stock trading. Benchmark said alternative trading system registration and custody, clearing, and settlement frameworks remain challenges.

Benchmark Equity Research said the SEC’s June 11 proposal to rescind two Regulation NMS rules is the most consequential U.S. crypto regulation this year. Mark Palmer said the rescission would remove a legal obstacle for tokenized stocks on automated market makers. The SEC opened a 60-day comment period, and Benchmark expects a vote in early 2027.