SpaceX’s upcoming IPO is creating a lot of excitement in both traditional markets and crypto. While SpaceX has no direct connection to any cryptocurrency, some investors are turning their attention to crypto sectors related to innovation, AI and next-generation financial infrastructure that could benefit from renewed market optimism.
A recent market analysis shows Altcoin daily highlighted three cryptocurrencies, Hyperliquid, Bittensor and Ethereum, as projects worth watching as anticipation surrounding SpaceX’s IPO continues to build.
Hyperliquid (HYPE): Leading the 24/7 trading revolution
Hyperliquid has become one of the fastest growing projects in crypto this cycle. The decentralized perpetual futures exchange recently surpassed $3 billion in open interest and continues to set new growth records.
Open RWA interest on Hyperliquid reached a new ATH of $3 billion
HIP-3 has set a new OI record every month since its launch in October 2025 pic.twitter.com/a89wZZjyQg
— Hyperliquid (@HyperliquidX) June 2, 2026
The project gained additional attention after US regulators approved the first regulated perpetual futures contracts, highlighting the growing demand for 24-hour trading. Hyperliquid already operates in a 24/7 market environment, which gives the company an advantage as the traditional financial sector moves in that direction.
Institutional interest is also growing. Coinbase recently became the official operator of Hyperliquid’s USDC treasury wallet, further strengthening trust in the platform.
Bittensor (TAO): Riding the AI tree
Artificial intelligence remains one of the strongest investment themes worldwide, and Bittensor is emerging as one of the largest AI-focused projects in crypto.
Unlike centralized AI companies, Bittensor allows users to participate directly in a decentralized AI network. Developers continue to build applications on the platform, with several subnets already serving meaningful real-world demand.
According to Jacob Robert Steeves, co-founder of Bittensor, “Anyone can own Bittensor, build on it, and see how it works. It’s transparent in a way that centralized AI platforms are not.”
As investors look for AI exposure beyond private companies like OpenAI, many see TAO as one of the strongest decentralized alternatives in the industry.
Ethereum (ETH): a contrarian game
Ethereum may not attract the same buzz as AI or trading-focused projects, but some investors see opportunity in its recent weakness.
More than 32.3% of Ethereum’s total supply has now been staked, marking a new all-time high. At the same time, the data below shows that only a small portion of ETH holders are making big profits, a level not seen since 2017.
Furthermore, ETH could also benefit from regulatory developments. More than 200 crypto companies support the CLARITY Act, legislation that could provide more certainty to the broader digital asset market.
For investors positioning themselves ahead of a potential market recovery, HYPE, TAO and ETH emerge as three closely watched names as excitement about SpaceX’s IPO continues to build.
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