This week in crypto was a blockbuster — IPO heat, memecoin madness, and one trader’s $100M wipeout. Let’s unpack it...
Circle, a long-standing titan in the crypto space, surged toward a public listing with serious momentum. Shares rocketed to $110, up from just $31 on Wednesday, signaling Wall Street’s growing appetite for digital asset plays. If this energy holds, expect a hot summer and fall for crypto IPOs.
But where some rose, others tumbled. One infamous case: HyperLiquid trader James Wynn saw his $100 million BTC position collapse overnight. A sharp reminder that leverage giveth, and leverage taketh away.
Beyond the headlines, bullish signals abounded. Crypto fundraising roared back to life, and institutional bets stacked up — especially in Bitcoin treasury strategies. Japanese firm Metaplanet mirrored MicroStrategy’s playbook, doubling down on BTC.
On the meme front, Pump.Fun — Solana’s unstoppable memecoin factory — announced plans to raise $1 billion at a $4 billion valuation. Among its spicy spawns, Fartcoin pumped hard amid Coinbase listing rumors.
Meanwhile, mainstream tech kept flirting with crypto.
Polymarket’s prediction markets are landing on X and xAI.
Uber, Apple, and Airbnb hinted at integrating stablecoin payments.
Revolut teased crypto derivatives.
And then there’s the inevitable Trump-Musk storm #TrumpVsMusk :
Trump’s Truth Social declared plans for a Bitcoin ETF,
…and by Friday, announced it would issue more shares.Their public spat also reignited debates over the U.S. debt crisis — a core thesis for Bitcoin’s very existence.
Prices didn’t care. Bitcoin and Dogecoin dipped anyway. Because, well… this is crypto. Anything can happen next week.
$BTC
