Your bank is using your money. You’re getting the scraps.WATCH FREE

News

Uber in 'study phase' of using stablecoins to transfer money globally
#News
2 mins read
11 months ago

Uber in ‘study phase’ of using stablecoins to transfer money globally

Elon Musk says SpaceX will begin decommissioning its Dragon spacecraft immediately
#Tech
3 mins read
11 months ago

Elon Musk says SpaceX will begin decommissioning its Dragon spacecraft immediately

Tesla plunges by 14% as public beef between Elon Musk and Trump escalates
#Economy
3 mins read
11 months ago

Tesla plunges by 14% as public beef between Elon Musk and Trump escalates

Elon Musk to create a new party and run for office as Trump calls him “crazy” and “butthurt” over separation
#Economy
3 mins read
11 months ago

Elon Musk to create a new party and run for office as Trump calls him “crazy” and “butthurt” over separation

Pump.fun proposes to endorse an official Elon Musk token
#News
2 mins read
11 months ago

Pump.fun proposes to endorse an official Elon Musk token

Institutional investors turn bearish on the U.S. dollar
#Economy
3 mins read
11 months ago

Institutional investors turn bearish on the U.S. dollar

Circle opens at $69 on NYSE, with higher than expected premium over IPO price Circle started its first trading day with a price of $69, surpassing previous predictions of price discovery. The company held its IPO at $31, expecting to open at $44 for a much smaller premium. Circle’s stocks rallied during their debut on NYSE, rising to $69 in early trading. The newly public company with the ticker $CRCL even briefly climbed to $84.92, over 174% above its IPO price of $31. Circle Internet Group is trading 34M listed shares, for a valuation above $2.34B. The current valuation remains slightly lower than the recent proposals from Ripple, Inc., attempting to acquire the company for $5B, later increased to as much as $20B. Despite the offers, Circle aimed to fulfill its goal of becoming a publicly trading company. The CRCL shares were volatile in the first day, trading between $64 and a brief outlier of $103.75. The shares are still discovering their fair price, at a time when crypto and fintech companies are having a revival on the stock market. Jeremy Allaire, founder and CEO of Circle, stated the listing was one of the most exciting moments of his life. https://x.com/circle/status/1930648730803335571 Circle aims to go beyond a stablecoin issuer and build the payment layer for the Internet, spanning both crypto native uses and fintech for everyday payments. ‘At Circle, our mission is to raise global economic prosperity through the frictionless exchange of value has never wavered, and today I am proud to share that Circle is now a public company,’ said Dante Disparte, Chief Strategy Officer at Circle. The public trading for now avoids an acquisition, leaving Circle to develop as one of the widely accepted crypto companies, aiming for wide adoption. USDC boosted Circle’s position with full compliance Circle started its trading after 12 years of development, where the company focused more on compliance, while growing its supply of stablecoins more slowly. Circle’s assets expanded in the past year, after securing wide acceptance in the Euro Area for both USDC and EURC tokens. The asset adapted to multiple crypto-native uses, including DeFi and the Solana ecosystem, where USDC was integrated into meme trading. USDC still carries over $64.47B in value across multiple chains, doubling its supply in the past year. All USDC tokens are backed by real-world assets, compliant with EU-based MiCA regulations. The token managed to avoid delistings, taking up some of the niches of USDT, while also integrating with fintech apps. USDC returned to Stripe, and remains active in other leading payment apps. Circle was also among the first stablecoin issuers to add centralized controls of its tokens. Initially, the feature was taken with a dose of skepticism, but Circle proved instrumental in clawing back finds from hacks and scams. Currently, there are 292 reported frozen addresses by request of authorities. Circle was also called to freeze $57M from the wallets of LIBRA issuers, aiming to compensate those that lost from the meme token crash.
#News
2 mins read
11 months ago

Circle opens at $69 on NYSE, with higher than expected premium over IPO price

Microsoft CEO says OpenAI partnership is changing but remains solid
#Tech
3 mins read
11 months ago

Microsoft CEO says OpenAI partnership is changing but remains solid

Kenyan banks ready to facilitate crypto deals
#News
2 mins read
11 months ago

Kenyan banks ready to facilitate crypto deals

Trump says his relationship with Elon Musk is over - Elon responds with "whatever"
#Economy
2 mins read
11 months ago

Trump says his relationship with Elon Musk is over – Elon responds with “whatever”

India and the U.S. hold talks ahead of interim tariff deal deadline
#Economy
3 mins read
11 months ago

India and the U.S. hold talks ahead of interim tariff deal deadline

President Trump's Truth Social sends S-1 documentation to SEC for Bitcoin ETF
#Bitcoin
2 mins read
11 months ago

President Trump’s Truth Social sends S-1 documentation to SEC for Bitcoin ETF

Bitcoin futures volume on Moscow Exchange hits $5 million in first day of trading
#Bitcoin
2 mins read
11 months ago

Bitcoin futures volume on Moscow Exchange hits $5 million in first day of trading

OpenAI reports growing malicious use of ChatGPT by Chinese groups
#Tech
3 mins read
11 months ago

OpenAI reports growing malicious use of ChatGPT by Chinese groups

BTC whales are now back in accumulation mode shifting from distribution
#Bitcoin
3 mins read
11 months ago

BTC whales are now back in accumulation mode shifting from distribution

CBO says Trump’s Big Beautiful bill adds $2.4 trillion to debt - GOP calls it a coordinated attack
#Economy
3 mins read
11 months ago

CBO says Trump’s Big Beautiful Bill adds $2.4 trillion to debt – GOP calls it a coordinated attack

CoreWeave takeover chatter spikes Core Scientific stock by 35%
#Tech
2 mins read
11 months ago

Coreweave trades at all-time high, is CRWV a meme stock now?

PlayStation showcases new James Bond and upcoming games at its State of Play event
#Tech
3 mins read
11 months ago

PlayStation showcases new James Bond and upcoming games at its State of Play event

Trump finally gets China's Xi Jinping on the phone
#Economy
2 mins read
11 months ago

Trump finally gets China’s Xi Jinping on the phone

Trump maintains Biden’s activist approach to Treasury issuance
#Economy
3 mins read
11 months ago

Trump maintains Biden’s activist approach to Treasury issuance

Stablecoin issuer Circle debuts on Wall Street's NYSE at $31 per share
#USDC
3 mins read
11 months ago

Stablecoin issuer Circle debuts on Wall Street’s NYSE at $31 per share

China’s services sector grows despite trade war worries
#Economy
2 mins read
11 months ago

China’s services sector grows despite trade war worries

Europe's ECB cuts interest rates for the eighth time, bringing them down to 2%
#Economy
2 mins read
11 months ago

Europe’s ECB cuts interest rates for the eighth time, bringing them down to 2%

ONS admits UK’s inflation figures overstated due to data error
#Economy
3 mins read
11 months ago

ONS admits UK’s inflation figures overstated due to data error

Nintendo Switch 2 launches to demand chaos, sold out within minutes
#Tech
2 mins read
11 months ago

Nintendo Switch 2 launches to demand chaos, sold out within minutes

Binance controls 59% of all stablecoin reserves on CEXs, reveals data
#News
2 mins read
11 months ago

Binance controls 59% of all stablecoin reserves on CEXs, reveals data

Bank of Russia urges tighter control on crypto trading transfers
#Regulation
3 mins read
11 months ago

Bank of Russia urges tighter control on crypto trading transfers

California Assembly passes bill to claim long-inactive crypto assets
#Regulation
3 mins read
11 months ago

California Assembly passes bill to claim long-inactive crypto assets

Scale AI's founder dethrones Taylor Swift as world’s youngest self-made female billionaire
#Tech
2 mins read
11 months ago

Scale AI’s founder dethrones Taylor Swift as world’s youngest self-made female billionaire

XRP attorney says Ripple case could reach critical moment in 12 days
#Ripple
3 mins read
11 months ago

XRP attorney says Ripple case could reach critical moment in 12 days

Moroccan authorities arrest the suspect in the French crypto kidnappings
#News
3 mins read
11 months ago

Mastermind of French crypto kidnapping ring arrested by Moroccan authorities

HTX puts pressure on Aave USDT borrowing, withdraws 93% of liquidity
#AAVE
2 mins read
11 months ago

HTX puts pressure on Aave USDT borrowing, withdraws 93% of liquidity

Citigroup to cut 3,500 tech roles
#Economy
2 mins read
11 months ago

Citigroup plans to cut 3,500 tech roles in China as slowing economy hamstrings operations

Hong Kong opens door to $21T crypto derivatives market with new plan for professional investors
#News
3 mins read
11 months ago

Hong Kong opens door to $21T crypto derivatives market with new plan for professional investors

US targets dark web marketplace, seizes crypto and 145 domains
#News
2 mins read
11 months ago

US targets dark web marketplace, seizes crypto and 145 domains

PancakeSwap posted trading record in May, CAKE rallies on upcoming Coinbase listing
#News
2 mins read
11 months ago

PancakeSwap posted trading record in May, CAKE rallies on upcoming Coinbase listing

SEC wins $1.1M as crypto conman made a no-show in court
#News
2 mins read
11 months ago

SEC wins $1.1M as crypto conman made a no-show in court

IMF’s Gopinath says trade tensions pose greater threat to emerging markets than Covid
#Economy
3 mins read
11 months ago

IMF’s Gopinath says trade tensions pose greater threat to emerging markets than Covid

Why Xi Jinping is actively keeping Trump at arms' length despite supposed friendship
#News
3 mins read
11 months ago

Why Xi Jinping is actively keeping Trump at arms’ length despite supposed friendship

Trump is 'losing patience with Elon Musk' after "Debt Slavery Bill" criticism
#News
2 mins read
11 months ago

Trump is ‘losing patience with Elon Musk’ after “Debt Slavery Bill” criticism

SEARCH
Top Sections
Follow us
Twitter Instagram Linkedin Telegram Facebook Youtube Reddit
Subscribe to CryptoPolitan