The $1.7 trillion dollar company that can't get into the S&P 500

Hey Lantern Community,

3 big stories this week. A big Lantern product announcement, 3 mega-IPOs hitting the market, and a macro setup that could shake up crypto markets.

Let's get into it.

You can now buy and sell crypto directly on Lantern

Lantern is now a trading platform too.

You can buy, sell, and hold crypto without leaving the app. BTC, ETH, XRP, SOL, LTC, DOGE, LINK, XLM are all supported at launch. Trading fees are 1% on buys and sells.

What this actually means for you: your borrowed funds and your crypto holdings now live in the same place. You can move collateral into a loan, buy crypto with your loan proceeds, or sell assets to cover a payment all without leaving Lantern.

Note: New York and Vermont residents, and business accounts, aren't supported yet. Those are coming soon.

Full breakdown here: https://lantern.finance/blog/how-trading-and-custody-works-on-lantern

SpaceX, OpenAI, and Anthropic are all going public this year

Combined, these 3 companies are valued somewhere near $3–4 trillion.

SpaceX alone is reportedly raising $75 billion, with trading starting on Nasdaq this Friday (June 12) at $135/share.

Why does this matter for crypto? When enormous IPOs hit the market, they tend to suck in investor capital. Liquidity that was sitting in crypto, commodities, and even other stocks, may rotate into new such opportunities. In fact, some of the downturn over the past week or two may have been related to investors adjusting their portfolios for an allocation into SpaceX.

Interestingly, despite the size of the IPO, SpaceX won’t be automatically added into the S&P 500. It'll need to trade publicly for 12 months before the index will even look at it.

Big week for crypto regulation

The Clarity Act just passed committee.

Senator Lummis: “The floor is next. We did not come this far to quit at the 5 yard line.”

Y Combinator piled on, saying every YC company will use crypto tech before long. Stablecoins, payments, the whole thing. Not just crypto startups but every company.

Polymarket gives it 49% which is a coin flip, down 16% this week. The committee win didn’t move traders much.

Floor vote is next.

Volatile week ahead. The new trading feature means you can respond faster if things move.

Manage your portfolio here: https://lantern.finance/dashboard

Until next time, The Lantern Team

This newsletter is for educational purposes only and does not constitute financial advice. Always consult with your financial advisor before making lending decisions.