[Bitwise CIO: Simultaneous Decline in U.S. Stocks and Crypto May Be Related to Sky-High IPOs] BlockBeats News, June 5, Bitwise CIO Matt Hougan stated in an article that despite strong employment data, both U.S. stocks and crypto experienced a significant pullback today. This is because the market is concerned that upcoming sky-high IPOs (such as SpaceX, Anthropic) may drain liquidity and signal a short-term peak for the tech rebound. [Original Link]