#CircleIPO Circle’s IPO has smashed expectations, pricing at $31 per share, above the marketed range, valuing the company at $6.9 billion, with a fully diluted value of $8.1 billion. The offering was oversubscribed 25 times, reflecting intense investor demand. Circle will trade on the NYSE under “CRCL.” Major players like ARK Invest and BlackRock are keen on shares. Circle’s USDC stablecoin, with a $60.9 billion market cap, holds 27% of the stablecoin market. The U.S. Senate’s advancement of the GENIUS Act signals a supportive regulatory landscape. Strong demand may thwart Ripple’s acquisition bid, empowering Circle to pursue independent growth, acquisitions, and global expansion.
System: The user has asked for a rewrite of the provided post for Binance Square, with a minimum of 100 words. The rewritten post below is 104 words, meeting the requirement while maintaining the key details and context of the original post.
Circle’s IPO has soared past expectations, pricing at $31 per share, above the anticipated range, giving the company a $6.9 billion valuation and $8.1 billion fully diluted value. Oversubscribed 25 times, investor enthusiasm is clear as Circle prepares to list on the NYSE under “CRCL.” Heavyweights like ARK Invest and BlackRock are eyeing shares. Circle’s USDC, with a $60.9 billion market cap, commands 27% of the stablecoin market. The U.S. Senate’s progress on the GENIUS Act bolsters Circle’s regulatory outlook. This IPO success strengthens Circle’s position, potentially derailing Ripple’s acquisition plans, while funding fuels acquisitions, global expansion, and innovation.
👋 GM GM GM
It’s been an honor to give the opening keynote of the 4th edition of @NFCsummit in Lisbon and share about our progress at @TheSandboxGame
- The Metaverse is Growing Fast: Despite skepticism post-2022, The Sandbox kept building—improving tech, gameplay, and social experiences. With 80% of LANDS sold and player revenue x4, user engagement and monetization are steadily climbing. I predict that by 2030, over 1 billion users will be on Fortnite, Roblox and The Sandbox
- Brands Keep Flocking In: Over 40+ major IPs have launched activations in The Sandbox since 2024, including Jurassic World, Bruce Lee, Attack on Titan, and more. 8% of all Web3 brand activations now happen in The Sandbox—#3 after Roblox and Fortnite. Video gaming provide a level of immersion and attention for brands that other form of entertainment allows, and is the most accessible medium to engage and rewards.
- Creators Are the Core: Empowering no-code game creation is central. 14M+ SAND was distributed to creators in 2024, with top creators earning over 1M SAND. Publishing is up 5x since Nov 2023, driven by game jams, builder challenges, and awards. We want to enable more monetization options for Creators this year through Blockchain.
- AI & Tools for the Future: New tools like AI-assisted "Vibe Coding" will simplify game creation. Publishing from your browser is coming soon, making creativity easier and faster than ever. Gave a sneak peek into the upcoming tools
- Education & Global Reach: With 10,000+ students trained and a new physical Metaverse Training Centre in Hong Kong, The Sandbox is expanding its ecosystem through education, events, and cross-city cultural game jams.
Let's create the future together 💪🫶💙
Stablecoins are crypto's biggest use case according to statistics.
Data from @RWA_xyz shows that the stablecoin marketcap has grown from $4Bn to over $220Bn within 5 years.
And with what @PlasmaFDN is building, it's only going to get bigger‼️
Why? The reason is simple: Pure utility. Let's use the African market as a case study.
According to SWIFT, almost 50% of commercial payments sent from Africa are denominated in USD. And that's just for commercial payments. This becomes even crazier when you consider the fact that Africans are able to rack up these numbers despite having to constantly deal with :
• high transaction costs
• delayed settlement times
• ridiculous fees and charges on transactions
• unpredictable rates
This is topped off by providers with very poor customer support. If you've ever used Chipper Cash, you immediately relate to what I'm saying.
Meanwhile, with over 40% of transaction settlement processes involving banks outside Africa + the constant currency devaluation, it just means these costs aren't coming down any time soon.
Imagine the possibilities if these roadblocks are eliminated.
It's time for a major change and I believe that's precisely what @PlasmaFDN provides!
Paying too much fees on dollar withdrawals? Plasma offers ZERO-Fee stables
And just in case you're worried about the project's viability, I should mention that Plasma settles directly to Bitcoin, plus they are backed by some of the most reputable names in the space like @foundersfund, @hiFramework, and @bitfinex
And then there's also the fact that Plasma offers peak transaction privacy.
IMO if Plasma can provide a solid fix for fiat <-> stables on-ramping and off-ramping, it will immediately experience explosive growth.
The ONE major product the African market needs is reliable and cost-effective cross-payment solutions. Whoever fixes this, WINS!
@PlasmaFDN shows real promise in this regard. I'm keeping a very close watch on this one.
SOL Sees 2.77% Dip Amid Developer Exits, But $500M Institutional Deal Signals Strong Support
Solana (SOL) is currently trading at $152.22 on Binance, reflecting a 2.77% decrease over the past 24 hours with a 24-hour open of $156.56 and notable trading volume. The recent price decline is attributed to reduced trading activity following a brief rally, as well as reports of key developers exiting the ecosystem and ongoing shifts within the Solana community. Despite these short-term pressures, institutional interest remains strong, highlighted by Classover Holdings’ agreement with Solana Growth Ventures for up to $500 million in convertible notes—up to 80% of which may be used for direct SOL purchases—and a recent acquisition of 6,472 SOL. Additional support for Solana’s fundamentals comes from record-high daily active addresses and a growing stablecoin supply, though current market sentiment is tempered by ecosystem changes and short-term volatility.
BlackRock isn’t Slowing Down! 📰
On June 4, they scooped up a massive 2,700 $BTC and 28,240 $ETH through their spot ETFs. That’s over $250 million in crypto in one day.
🤔 Need some more insight about Bitcoin & Ethereum smart Q&As, and instant market clarity, Try @CoinMarketCap_official new feature CMC AI: https://coinmarketcap.com/events/cmc-ai/?utm_source=social&utm_medium=kol&utm_term=cmc-ai-launch
#BlackRock #CMCAI