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  • Crypto markets plunge after Trump-Musk public clash shakes investor confidence

    Crypto markets plunge after Trump-Musk public clash shakes investor confidence
    June 6, 2025 News
  • White House schedules a Friday call for Elon Musk and Trump as their fallout deepens

    White House schedules a Friday call for Elon Musk and Trump as their fallout deepens
    June 6, 2025 News
  • US Treasury tells Bank of Japan to raise interest rates and strengthen the yen

    US Treasury tells Bank of Japan to raise interest rates and strengthen the yen
    June 6, 2025 News
  • Yuga Labs seeks to kill the ApeCoin DAO and launch ApeCo

    Yuga Labs seeks to kill the ApeCoin DAO and launch ApeCo
    June 6, 2025 Tech
  • Truth Social registers Bitcoin and Ethereum ETF in Nevada

    Truth Social registers Bitcoin and Ethereum ETF in Nevada
    June 6, 2025 News
  • Trump Media files S-3 form for $2.3B Bitcoin deal

    Trump Media files S-3 form for $2.3B Bitcoin deal
    June 6, 2025 News
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  • DOJ aims to confiscate $7.7M in crypto allegedly tied to fraudulent North Korean IT workers

    DOJ aims to confiscate $7.7M in crypto allegedly tied to fraudulent North Korean IT workers
    June 6, 2025 News
  • Palantir, Anduril founders band with tech billionaires to launch Silicon Valley Bank 2.0

    Palantir CEO Karp warns of AI risks and frames U.S.-China AI competition as decisive
    June 6, 2025 Tech

  • Kuaishou’s Kling AI set to hit $100 M in sales
    June 6, 2025 Tech

  • Apple loses bid to pause app store ruling
    June 6, 2025 Tech

  • Citadel Securities president warns US debt is a ticking time bomb
    June 6, 2025 News

  • US House Committee sets June 10 markup for CLARITY Act
    June 6, 2025 News

  • Dogecoin crashes by 10% as Elon Musk breaks ties with Trump administration
    June 5, 2025 News

  • Arca sends ‘best wishes’ to Circle after IPO and NYSE listing: ‘choke on your success’
    June 5, 2025 USDC
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  • Bitcoin tumbles to $100k as TRUMP meme coin plunges 12% amid Trump’s public feuds.

    Bitcoin tumbles to $100k as TRUMP meme coin plunges 12% amid Trump’s public feuds
    June 5, 2025 News
  • Uber in 'study phase' of using stablecoins to transfer money globally

    Uber in ‘study phase’ of using stablecoins to transfer money globally
    June 5, 2025 News
  • Elon Musk says SpaceX will begin decommissioning its Dragon spacecraft immediately

    Elon Musk says SpaceX will begin decommissioning its Dragon spacecraft immediately
    June 5, 2025 Tech
  • Tesla plunges by 14% as public beef between Elon Musk and Trump escalates

    Tesla plunges by 14% as public beef between Elon Musk and Trump escalates
    June 5, 2025 Economy
  • Elon Musk to create a new party and run for office as Trump calls him “crazy” and “butthurt” over separation

    Elon Musk to create a new party and run for office as Trump calls him “crazy” and “butthurt” over separation
    June 5, 2025 Economy
  • Pump.fun proposes to endorse an official Elon Musk token

    Pump.fun proposes to endorse an official Elon Musk token
    June 5, 2025 News
  • Institutional investors turn bearish on the U.S. dollar

    Institutional investors turn bearish on the U.S. dollar
    June 5, 2025 Economy
  • 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.

    Circle opens at $69 on NYSE, with higher than expected premium over IPO price
    June 5, 2025 News