Happy Monday! Start your week with #Binance Bytes, a snapshot of the latest market developments.
Highlights:
▫️The Ethereum Foundation has restructured its R&D division and is planning potential changes to the design and development of the protocol. The newly streamlined team will focus on three key strategic initiatives: scaling Layer 1, scaling blobs, and enhancing the user experience.
▫️JPMorgan to accept Bitcoin ETFs as collateral for loans starting with Blackrock’s iShares Bitcoin Trust. The bank will factor clients’ crypto holdings into net worth assessments, treating digital assets on par with traditional assets for borrowing evaluations. This move follows the easing of restrictions on banks and digital assets businesses during the Trump administration.
▫️Stablecoin issuer Circle raises $1.05 billion in IPO, pricing shares at $31 each. The offering marks one of the largest crypto listings since Coinbase’s 2021 stock market debut. This positive momentum reflects strong demand amid an environment where other companies are delaying their IPOs. Circle’s stock began trading on the NYSE under the symbol "CRCL" on June 5.
