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USDC's $1 Billion IPO: Challenging Tether with Transparency and Backing
USDC Issuer Circle Supercharges IPO to $1B as BlackRock Backs Stablecoin Play
Circle's upsized $1B offering values the USDC stablecoin company at $7.2 billion, positioning it to capitalize on regulatory tailwinds that favor transparency over Tether's market-leading but opaque USDT.
#CircleIPO
Challenging Tether's Throne
Circle, the issuer of the USD Coin (USDC) and Euro Coin (EURC) stablecoins, announced the pricing of its Initial Public Offering (IPO) in a press release earlier today. The offering was priced at $31.00 per share, with 34 million shares offered, resulting in a total offering size of $1.054 billion, up from initial targets of raising up to $624 million from the sale of 24 million shares.
The IPO, which follows a previous SPAC attempt that fell through, values Circle at $7.2 billion. The company's shares are set to trade on the New York Stock Exchange (NYSE) under the ticker CRCL when US markets open on Thursday.
While a direct post-IPO market capitalization for Circle is contingent on public trading, the successful execution of its $1.054 billion offering suggests a strong initial valuation. On its direct listing day in April 2021, Coinbase Global (COIN) shares began trading at $381, almost 50% higher than its reference pricing of $250.
Significant institutional interest has been reported, with BlackRock, the world's largest asset manager, reportedly intending to acquire approximately 10% of the total offered shares and Ark Invest, led by Cathie Wood, indicating interest in purchasing up to $150 million worth of shares.
Challenging Tether's Throne
Despite USDC's smaller market share, Circle's public listing positions the company to directly challenge Tether's longstanding dominance in the stablecoin market. According to data from Allium, Tether's USDT commands approximately 70% of the $153.4 billion USD-pegged stablecoin market, but has faced persistent questions about reserve transparency and regulatory compliance—areas where Circle has positioned itself as the compliant alternative.
Circle's emphasis on regulatory adherence and monthly attestations of its reserves contrasts sharply with Tether's historically opaque approach. This positioning has already attracted institutional clients seeking regulatory-compliant stablecoin exposure, including major corporations and financial institutions that have shied away from USDT due to compliance concerns.
The IPO proceeds could accelerate Circle's market share gains by funding expanded global operations, enhanced compliance infrastructure, and strategic partnerships with traditional financial institutions. Public company status also brings additional oversight and transparency requirements that may appeal to institutional users prioritizing regulatory compliance.
Circle's upsized $1B offering values the USDC stablecoin company at $7.2 billion, positioning it to capitalize on regulatory tailwinds that favor transparency over Tether's market-leading but opaque USDT.
#CircleIPO
Challenging Tether's Throne
Circle, the issuer of the USD Coin (USDC) and Euro Coin (EURC) stablecoins, announced the pricing of its Initial Public Offering (IPO) in a press release earlier today. The offering was priced at $31.00 per share, with 34 million shares offered, resulting in a total offering size of $1.054 billion, up from initial targets of raising up to $624 million from the sale of 24 million shares.
The IPO, which follows a previous SPAC attempt that fell through, values Circle at $7.2 billion. The company's shares are set to trade on the New York Stock Exchange (NYSE) under the ticker CRCL when US markets open on Thursday.
While a direct post-IPO market capitalization for Circle is contingent on public trading, the successful execution of its $1.054 billion offering suggests a strong initial valuation. On its direct listing day in April 2021, Coinbase Global (COIN) shares began trading at $381, almost 50% higher than its reference pricing of $250.
Significant institutional interest has been reported, with BlackRock, the world's largest asset manager, reportedly intending to acquire approximately 10% of the total offered shares and Ark Invest, led by Cathie Wood, indicating interest in purchasing up to $150 million worth of shares.
Challenging Tether's Throne
Despite USDC's smaller market share, Circle's public listing positions the company to directly challenge Tether's longstanding dominance in the stablecoin market. According to data from Allium, Tether's USDT commands approximately 70% of the $153.4 billion USD-pegged stablecoin market, but has faced persistent questions about reserve transparency and regulatory compliance—areas where Circle has positioned itself as the compliant alternative.
Circle's emphasis on regulatory adherence and monthly attestations of its reserves contrasts sharply with Tether's historically opaque approach. This positioning has already attracted institutional clients seeking regulatory-compliant stablecoin exposure, including major corporations and financial institutions that have shied away from USDT due to compliance concerns.
The IPO proceeds could accelerate Circle's market share gains by funding expanded global operations, enhanced compliance infrastructure, and strategic partnerships with traditional financial institutions. Public company status also brings additional oversight and transparency requirements that may appeal to institutional users prioritizing regulatory compliance.
One of Ethereum’s Founders Makes Highly Bullish Comments About ETH
2025-06-03 23:41:01
#josephlubin
Joseph Lubin, one of the co-founders of Ethereum and founder of Consensys, stated on social media that Ethereum has started a new era in global value transfer.
“Just as the internet fundamentally#Ethereum✅ transformed the way information is transferred, Ethereum is transforming the way value is transferred. It offers a shared, open, and programmable monetary standard,” Lubin said.
Lubin said that Ethereum has been producing a block every 12 seconds for nearly a decade without interruption, and last year, over $25 trillion worth of value was moved through the network alone. Stating that Ethereum hosts the most stablecoins, real-world assets (RWA) and asset tokenization projects, Lubin stated that the network also offers local income generation capacity and has an advanced DeFi ecosystem with a re-staking mechanism.
Stating that thanks to these features of Ethereum, it paves the way for stablecoins that will replace the dollar in the global payment infrastructure, Lubin said, “Public markets are just starting to realize this fact.”
2025-06-03 23:41:01
#josephlubin
Joseph Lubin, one of the co-founders of Ethereum and founder of Consensys, stated on social media that Ethereum has started a new era in global value transfer.
“Just as the internet fundamentally#Ethereum✅ transformed the way information is transferred, Ethereum is transforming the way value is transferred. It offers a shared, open, and programmable monetary standard,” Lubin said.
Lubin said that Ethereum has been producing a block every 12 seconds for nearly a decade without interruption, and last year, over $25 trillion worth of value was moved through the network alone. Stating that Ethereum hosts the most stablecoins, real-world assets (RWA) and asset tokenization projects, Lubin stated that the network also offers local income generation capacity and has an advanced DeFi ecosystem with a re-staking mechanism.
Stating that thanks to these features of Ethereum, it paves the way for stablecoins that will replace the dollar in the global payment infrastructure, Lubin said, “Public markets are just starting to realize this fact.”
Major Move in Trump Family Altcoins: What's Going On With TRUMP and MELANIA?
#Memecoins🤑🤑
US President Donald Trump and his wife Melania Trump launched their own cryptocurrency just days before Trump took office last January.
Memecoins named TRUMP and MELANIA, which attracted great attention, later experienced major declines.
While both memecoins are now trying to recover, there was great activity in the Trump family's crypto projects today.
According to the post by crypto analysis platform Spot on Chain, the address affiliated with the TRUMP memecoin team transferred $47 million worth of TRUMP to exchanges.
Accordingly, an address starting with CDW1AU, which is thought to be connected to the team behind the TRUMP memecoin, withdrew 4.16 million TRUMP tokens (worth $47 million) from the project's treasury about 5 hours ago and transferred them to several major exchanges such as Binance, OKX, Bybit and Coinbase.
Apart from this, the Trump family’s DeFi project, World Liberty Financial (WLFI), is distributing 47 USD1 airdrop to its owners.
According to the data, it is distributing $47 worth of USD1 airdrops to users suspected of participating in the WLFI pre-sale via BulkTransfer. The number 47 was chosen to commemorate Donald Trump becoming the 47th US President, and the airdrop is thought to be a symbolic and ceremonial gesture.
Finally, a market-making partnership was announced between MELANIA and Wintermute. After this announcement, the MELANIA official team withdrew 150 million MELANIA tokens (worth approximately $50 million) from the community wallet and transferred 20 million of these tokens (approximately $6.62 million) to Wintermute.
#Memecoins🤑🤑
US President Donald Trump and his wife Melania Trump launched their own cryptocurrency just days before Trump took office last January.
Memecoins named TRUMP and MELANIA, which attracted great attention, later experienced major declines.
While both memecoins are now trying to recover, there was great activity in the Trump family's crypto projects today.
According to the post by crypto analysis platform Spot on Chain, the address affiliated with the TRUMP memecoin team transferred $47 million worth of TRUMP to exchanges.
Accordingly, an address starting with CDW1AU, which is thought to be connected to the team behind the TRUMP memecoin, withdrew 4.16 million TRUMP tokens (worth $47 million) from the project's treasury about 5 hours ago and transferred them to several major exchanges such as Binance, OKX, Bybit and Coinbase.
Apart from this, the Trump family’s DeFi project, World Liberty Financial (WLFI), is distributing 47 USD1 airdrop to its owners.
According to the data, it is distributing $47 worth of USD1 airdrops to users suspected of participating in the WLFI pre-sale via BulkTransfer. The number 47 was chosen to commemorate Donald Trump becoming the 47th US President, and the airdrop is thought to be a symbolic and ceremonial gesture.
Finally, a market-making partnership was announced between MELANIA and Wintermute. After this announcement, the MELANIA official team withdrew 150 million MELANIA tokens (worth approximately $50 million) from the community wallet and transferred 20 million of these tokens (approximately $6.62 million) to Wintermute.
Double Good News for Fresh Altcoin from Binance! "It Will Both Be Listed and…"
#BinanceSquareTalks
Binance, the world's largest cryptocurrency exchange, continues its altcoin announcements.
At this point, Binance recently announced that it has listed the altcoin Resolv (RESOLV) both on Binance Alpha and in the futures.
“Binance is excited to announce that Resolv (RESOLV) will be available for trading on Binance Alpha starting June 10, 2025 at 1:00 PM (UTC).
Additionally, Binance Futures will launch the RESOLV/USDT Perpetual Contract with up to 50x leverage starting on 2025-06-10 13:30 UTC.
Binance is the first platform for Resolv (RESOLV) and is now available for trading on Binance Alpha and Binance Futures.
To celebrate this launch, there is also a special token airdrop for eligible Binance users.
Eligible users must use their Binance Alpha Points to claim their airdrops on the Binance Alpha Events Page between 13:00 UTC on 10/06/2025 and 13:00 UTC on 11/06/2025.
#BinanceSquareTalks
Binance, the world's largest cryptocurrency exchange, continues its altcoin announcements.
At this point, Binance recently announced that it has listed the altcoin Resolv (RESOLV) both on Binance Alpha and in the futures.
“Binance is excited to announce that Resolv (RESOLV) will be available for trading on Binance Alpha starting June 10, 2025 at 1:00 PM (UTC).
Additionally, Binance Futures will launch the RESOLV/USDT Perpetual Contract with up to 50x leverage starting on 2025-06-10 13:30 UTC.
Binance is the first platform for Resolv (RESOLV) and is now available for trading on Binance Alpha and Binance Futures.
To celebrate this launch, there is also a special token airdrop for eligible Binance users.
Eligible users must use their Binance Alpha Points to claim their airdrops on the Binance Alpha Events Page between 13:00 UTC on 10/06/2025 and 13:00 UTC on 11/06/2025.
What to Expect for XRP Price in the Coming Days? Pump or Dump? Analyst Explains All Possibilities!
#DonaldTrump
Following US President Donald Trump's victory in November 2024, the rally in XRP, one of the altcoins that rose the most along with Bitcoin )=, has slowed down.
$XRP
XRP, which rose to over $3 with a big rise, fell below $2 due to tariff tensions in April.
After gaining $2, XRP continued to stay above this level, while the XRP open interest approached $5 billion.
While this indicates increased speculative activity in the derivatives market, it is also seen as a sign that strong volatility may be experienced in XRP.
Speaking to CoinDesk, Bitget Chief Market Analyst Ryan Lee stated that XRP open interest has risen to around $5 billion.
Ryan Lee warned investors who are short, stating that if the increase in XRP open interest is combined with a possible XRP price increase, a short squeeze could occur.
“Over the weekend, XRP open interest rose to nearly $5 billion. This means that investors engaged in significant speculative activity in the derivatives market.
“Such a rapid increase in open interest is indicative of strong potential momentum as market participants prepare for decisive moves.”
In contrast, the analyst said that long positions could be in danger if there is no clear catalyst to push the XRP price higher, and that long positions could be liquidated en masse.
This is also likely to increase downward pressure on the XRP price.
“Without a clear catalyst for XRP, open interest could be liquidated in either direction. If long positions are liquidated, downside pressure could intensify,” Lee said.
#DonaldTrump
Following US President Donald Trump's victory in November 2024, the rally in XRP, one of the altcoins that rose the most along with Bitcoin )=, has slowed down.
$XRP
XRP, which rose to over $3 with a big rise, fell below $2 due to tariff tensions in April.
After gaining $2, XRP continued to stay above this level, while the XRP open interest approached $5 billion.
While this indicates increased speculative activity in the derivatives market, it is also seen as a sign that strong volatility may be experienced in XRP.
Speaking to CoinDesk, Bitget Chief Market Analyst Ryan Lee stated that XRP open interest has risen to around $5 billion.
Ryan Lee warned investors who are short, stating that if the increase in XRP open interest is combined with a possible XRP price increase, a short squeeze could occur.
“Over the weekend, XRP open interest rose to nearly $5 billion. This means that investors engaged in significant speculative activity in the derivatives market.
“Such a rapid increase in open interest is indicative of strong potential momentum as market participants prepare for decisive moves.”
In contrast, the analyst said that long positions could be in danger if there is no clear catalyst to push the XRP price higher, and that long positions could be liquidated en masse.
This is also likely to increase downward pressure on the XRP price.
“Without a clear catalyst for XRP, open interest could be liquidated in either direction. If long positions are liquidated, downside pressure could intensify,” Lee said.
JUST IN! Binance Announces Listing of Two New Altcoins in Futures! One Pumped, One Dumped!
#Binance #altcoins
Binance, the world's largest cryptocurrency exchange, continues its altcoin listings.$Altc
At this point, Binance announced that it listed altcoins named Puffer (PUFFER) and Port3 Network (PORT3) in the futures with 50x leverage.
“To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will be launching the following perpetual contracts:
04.06.2025 at 08:30 (UTC): PUFFER/USDT Perpetual Contract with up to 50x leverage
04.06.2025 at 08:45 (UTC): PORT3/USDT Perpetual Contract with up to 50x leverage
Please note that PUFFER and PORT3 are currently listed on Binance Alpha Market.
Following the listing news, the PUFFER price rose, while the PORT3 price fell.
#Binance #altcoins
Binance, the world's largest cryptocurrency exchange, continues its altcoin listings.$Altc
At this point, Binance announced that it listed altcoins named Puffer (PUFFER) and Port3 Network (PORT3) in the futures with 50x leverage.
“To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will be launching the following perpetual contracts:
04.06.2025 at 08:30 (UTC): PUFFER/USDT Perpetual Contract with up to 50x leverage
04.06.2025 at 08:45 (UTC): PORT3/USDT Perpetual Contract with up to 50x leverage
Please note that PUFFER and PORT3 are currently listed on Binance Alpha Market.
Following the listing news, the PUFFER price rose, while the PORT3 price fell.
Leading Economist Tom Lee Presents Updated Bitcoin Price Forecast: “$250,000 This Year, But Long Term…”
#TomLee
Fundstrat co-founder and chief investment officer Tom Lee made remarkable assessments on the general state of the markets, inflation, interest rates and especially Bitcoin in his “Squawk Box” program on CNBC.
While Lee maintained his year-end target for the S&P 500 at 6,600 points, his most notable statements were about Bitcoin.
Tom Lee described Bitcoin's current movement as “consolidation” and stated that the market has already reacted to the increase in global liquidity and the expectation of a more dovish FED in 2025. Stating that this situation creates strong support for BTC, Lee said, “Bitcoin is an asset that is sensitive to liquidity. Liquidity is increasing in the world right now and this is an upward signal for Bitcoin.”
Lee also made the following striking statement, citing Bitwise’s statistics:
“95% of the Bitcoin supply has already been mined. However, 95% of the world's population does not yet own BTC. This creates a huge demand-supply imbalance for the next 10 years.”
Lee stated that Bitcoin could reach levels of $150,000 to $250,000 this year.
Tom Lee thinks that Bitcoin is a more valuable asset compared to gold. The market value of gold is around $23 trillion. If this value is reflected in Bitcoin, Lee calculated that a single Bitcoin could reach $1.2 million, and went further and said:
“I think BTC, in the long run, can go up to $2 million or even $3 million. Even higher.”
#TomLee
Fundstrat co-founder and chief investment officer Tom Lee made remarkable assessments on the general state of the markets, inflation, interest rates and especially Bitcoin in his “Squawk Box” program on CNBC.
While Lee maintained his year-end target for the S&P 500 at 6,600 points, his most notable statements were about Bitcoin.
Tom Lee described Bitcoin's current movement as “consolidation” and stated that the market has already reacted to the increase in global liquidity and the expectation of a more dovish FED in 2025. Stating that this situation creates strong support for BTC, Lee said, “Bitcoin is an asset that is sensitive to liquidity. Liquidity is increasing in the world right now and this is an upward signal for Bitcoin.”
Lee also made the following striking statement, citing Bitwise’s statistics:
“95% of the Bitcoin supply has already been mined. However, 95% of the world's population does not yet own BTC. This creates a huge demand-supply imbalance for the next 10 years.”
Lee stated that Bitcoin could reach levels of $150,000 to $250,000 this year.
Tom Lee thinks that Bitcoin is a more valuable asset compared to gold. The market value of gold is around $23 trillion. If this value is reflected in Bitcoin, Lee calculated that a single Bitcoin could reach $1.2 million, and went further and said:
“I think BTC, in the long run, can go up to $2 million or even $3 million. Even higher.”
Binance Founder and Former CEO Changpeng Zhao (CZ) Reveals His New Dream Project
Changpeng Zhao (CZ), founder and former CEO of cryptocurrency exchange Binance, has brought up the idea of a remarkable project in the decentralized finance (DeFi) field.
Zhao noted that considering the current market conditions, it is time to develop a dark pool-based perpetual DEX (decentralized futures exchange).
CZ, in his post on X (formerly Twitter), pointed out that the fact that orders are public on decentralized exchanges poses serious risks for large investors. Zhao said that the market can be manipulated due to the visibility of liquidation points, especially in perpetual DEXs, and that this situation can expose users to MEV (Maximum Extractable Value) attacks, high slippage, and bad transaction prices:
“In the traditional financial world, big investors prefer dark pools because they can secretly execute large orders. For perpetual trades, this secrecy is even more important because someone who sees your liquidation level can turn the market against you.”
According to Zhao’s proposal, a next-generation DEX could solve this problem by hiding the order book or making investments in smart contracts visible with a delay. CZ argued that zero-knowledge proofs (ZK) or similar cryptographic techniques could be used in the development of this platform.
Changpeng Zhao (CZ), founder and former CEO of cryptocurrency exchange Binance, has brought up the idea of a remarkable project in the decentralized finance (DeFi) field.
Zhao noted that considering the current market conditions, it is time to develop a dark pool-based perpetual DEX (decentralized futures exchange).
CZ, in his post on X (formerly Twitter), pointed out that the fact that orders are public on decentralized exchanges poses serious risks for large investors. Zhao said that the market can be manipulated due to the visibility of liquidation points, especially in perpetual DEXs, and that this situation can expose users to MEV (Maximum Extractable Value) attacks, high slippage, and bad transaction prices:
“In the traditional financial world, big investors prefer dark pools because they can secretly execute large orders. For perpetual trades, this secrecy is even more important because someone who sees your liquidation level can turn the market against you.”
According to Zhao’s proposal, a next-generation DEX could solve this problem by hiding the order book or making investments in smart contracts visible with a delay. CZ argued that zero-knowledge proofs (ZK) or similar cryptographic techniques could be used in the development of this platform.
New Feature Introduced in This Altcoin Poses Risk of Asset Theft: Caution Advised
Wintermute, a well-known trading firm in the cryptocurrency markets, has issued an important security warning regarding Ethereum’s recent “Pectra” hard fork.
#EIP7702
According to the company, the feature called EIP-7702, which was introduced as part of the update, is mainly abused by malicious people and user wallets are at risk.
EIP-7702 introduces an “account abstraction” feature pioneered by Ethereum co-founder Vitalik Buterin #VitalikButerin that allows wallets to temporarily act as smart contracts, allowing users to perform functions such as batching multiple transactions, having gas fees paid by someone else, and social authentication in a single transaction. However, according to data published by Wintermute via Dune Analytics, this ability is being used by malicious attackers to drain wallets.
According to Wintermute’s analysis, more than 80% of EIP-7702 delegations serve attacks called “CrimeEnjoyor,” where a simple and short smart contract is copied and reused across different addresses. This contract automatically transfers assets from wallets with leaked private keys to an address controlled by the attacker.
“The CrimeEnjoyor contract is short, simple, and widely used,” Wintermute said. “This copied bytecode now makes up the majority of all EIP-7702 delegations. It’s both ironic and dark.”
Blockchain security firm Scam Sniffer also recently announced that it had detected a malicious transaction linked to a long-known scam service called Inferno Drainer, which caused a loss of approximately $150,000. Meanwhile, another security firm, SlowMist, in its analysis of EIP-7702’s vulnerabilities, emphasized that wallet service providers should support such transactions and that it is important for users to clearly indicate the destination addresses in the contracts they sign.
Wintermute, a well-known trading firm in the cryptocurrency markets, has issued an important security warning regarding Ethereum’s recent “Pectra” hard fork.
#EIP7702
According to the company, the feature called EIP-7702, which was introduced as part of the update, is mainly abused by malicious people and user wallets are at risk.
EIP-7702 introduces an “account abstraction” feature pioneered by Ethereum co-founder Vitalik Buterin #VitalikButerin that allows wallets to temporarily act as smart contracts, allowing users to perform functions such as batching multiple transactions, having gas fees paid by someone else, and social authentication in a single transaction. However, according to data published by Wintermute via Dune Analytics, this ability is being used by malicious attackers to drain wallets.
According to Wintermute’s analysis, more than 80% of EIP-7702 delegations serve attacks called “CrimeEnjoyor,” where a simple and short smart contract is copied and reused across different addresses. This contract automatically transfers assets from wallets with leaked private keys to an address controlled by the attacker.
“The CrimeEnjoyor contract is short, simple, and widely used,” Wintermute said. “This copied bytecode now makes up the majority of all EIP-7702 delegations. It’s both ironic and dark.”
Blockchain security firm Scam Sniffer also recently announced that it had detected a malicious transaction linked to a long-known scam service called Inferno Drainer, which caused a loss of approximately $150,000. Meanwhile, another security firm, SlowMist, in its analysis of EIP-7702’s vulnerabilities, emphasized that wallet service providers should support such transactions and that it is important for users to clearly indicate the destination addresses in the contracts they sign.
Ethereum (ETH) Founder Vitalik Buterin Announces New Roadmap That Will Bring 10X Increase!
#Ethereum✅ #VitalikButerin
Ethereum (ETH) co-founder Vitalik Buterin made exciting statements about the future of the network at the ETHGlobal Prague Conference at an event held in Prague.
Buterin announced that a number of innovations are on the way that will increase Ethereum's scalability and improve the functionality of the network.
Buterin stressed the importance of a balanced approach that prioritizes moderation over hasty implementations to ensure the stability and security of the network.
At this point, Buterin stated that a new plan is on the way to increase Ethereum's Layer 1 scalability tenfold, and that this step will make the network faster and more efficient.
The ETH founder drew attention to the current problems of the network and said that this step aims to provide a sustainable solution to the congestion caused by the slowdown.
Buterin added that this will happen over the next year or so, and will represent a 10x increase in Layer1’s scalability.
“Ethereum will expand Layer 1 (L1) by approximately tenfold in one year.”
This expected scalability increase is likely to reduce transaction fees and latency, making Ethereum more attractive to DeFi and NFT investors.
It is expected that the process explained by Vitalik Buterin will proceed smoothly, allowing Ethereum to reach more users on a global scale and having a positive impact on its price.
#Ethereum✅ #VitalikButerin
Ethereum (ETH) co-founder Vitalik Buterin made exciting statements about the future of the network at the ETHGlobal Prague Conference at an event held in Prague.
Buterin announced that a number of innovations are on the way that will increase Ethereum's scalability and improve the functionality of the network.
Buterin stressed the importance of a balanced approach that prioritizes moderation over hasty implementations to ensure the stability and security of the network.
At this point, Buterin stated that a new plan is on the way to increase Ethereum's Layer 1 scalability tenfold, and that this step will make the network faster and more efficient.
The ETH founder drew attention to the current problems of the network and said that this step aims to provide a sustainable solution to the congestion caused by the slowdown.
Buterin added that this will happen over the next year or so, and will represent a 10x increase in Layer1’s scalability.
“Ethereum will expand Layer 1 (L1) by approximately tenfold in one year.”
This expected scalability increase is likely to reduce transaction fees and latency, making Ethereum more attractive to DeFi and NFT investors.
It is expected that the process explained by Vitalik Buterin will proceed smoothly, allowing Ethereum to reach more users on a global scale and having a positive impact on its price.
Here is The List Of Altcoins To Watch In The Coming Week
#altcoins #DeFiLiquidity
The DeFi Investor, one of the analysts who closely follows the cryptocurrency markets, shared its list of altcoins and important developments that may stand out in the new week.
According to the analyst's evaluations, both large projects and significant airdrops and token unlocks will be on the radar of investors.
Here are the top 7 cryptocurrencies of the week according to The DeFi Investor and why they are worth following:
1. Bitcoin (BTC): The US Senate will take up the Bitcoin Act bill, which includes a 1 million BTC purchase, next week.
2. KAITO: Infinex will be conducting an airdrop for users who stake KAITO. The distribution is expected to take place next week.
3. Ethereum (ETH): Ethereum is expected to announce a new initiative with Coinbase's layer-2 network Base.
4. Internet Computer (ICP): The World Computer Summit, which will start on June 3, is of great importance to the ICP community.
5. Avalanche (AVAX): The Infinex wallet will add support for the Avalanche network next week.
6. SKATE: Standing out as the infrastructure layer that connects different virtual machines (VMs) together, Skate is preparing to launch its own token at the beginning of June.
7. Taiko (TAIKO): On June 5, $46 million worth of TAIKO tokens will be unlocked, representing 69% of the circulating supply.
#altcoins #DeFiLiquidity
The DeFi Investor, one of the analysts who closely follows the cryptocurrency markets, shared its list of altcoins and important developments that may stand out in the new week.
According to the analyst's evaluations, both large projects and significant airdrops and token unlocks will be on the radar of investors.
Here are the top 7 cryptocurrencies of the week according to The DeFi Investor and why they are worth following:
1. Bitcoin (BTC): The US Senate will take up the Bitcoin Act bill, which includes a 1 million BTC purchase, next week.
2. KAITO: Infinex will be conducting an airdrop for users who stake KAITO. The distribution is expected to take place next week.
3. Ethereum (ETH): Ethereum is expected to announce a new initiative with Coinbase's layer-2 network Base.
4. Internet Computer (ICP): The World Computer Summit, which will start on June 3, is of great importance to the ICP community.
5. Avalanche (AVAX): The Infinex wallet will add support for the Avalanche network next week.
6. SKATE: Standing out as the infrastructure layer that connects different virtual machines (VMs) together, Skate is preparing to launch its own token at the beginning of June.
7. Taiko (TAIKO): On June 5, $46 million worth of TAIKO tokens will be unlocked, representing 69% of the circulating supply.
Tesla CEO Elon Musk Announces New Feature for X! Bitcoin (BTC) Detail Attracts Attention!
#TeslaBitcoinHoldings $BTC
Tesla CEO Elon Musk, one of the most influential names in the cryptocurrency market with his posts and statements, made a new post from his X account.
Elon Musk said that the social media platform's new messaging feature, XChat, is now live, will use Bitcoin (BTC)-style encryption, and will support all file types.
Musk announced that XChat has been released with Bitcoin-style encryption, end-to-end security, disappearing messages, voice and video calling, and support for all file types.
Musk's statement that this feature is built on Rust with Bitcoin-style encryption and has a completely new architecture has sparked a backlash from Bitcoin developers and cryptography experts.
Bitcoin Core developer and OCEAN CTO Luke Dashjr responded to Musk's post by saying, “Bitcoin doesn't even use encryption.”
JAN3 CEO and Bitcoin supporter Samson Mow echoed the same sentiment, saying, “Bitcoin is not encrypted.”
Musk’s statement comes after Telegram CEO Pavel Durov last week claimed that Telegram had entered into a year-long partnership with Musk’s xAI, including a $300 million payments and app integration deal. Musk responded by saying, “No agreements have been signed.”
#TeslaBitcoinHoldings $BTC
Tesla CEO Elon Musk, one of the most influential names in the cryptocurrency market with his posts and statements, made a new post from his X account.
Elon Musk said that the social media platform's new messaging feature, XChat, is now live, will use Bitcoin (BTC)-style encryption, and will support all file types.
Musk announced that XChat has been released with Bitcoin-style encryption, end-to-end security, disappearing messages, voice and video calling, and support for all file types.
Musk's statement that this feature is built on Rust with Bitcoin-style encryption and has a completely new architecture has sparked a backlash from Bitcoin developers and cryptography experts.
Bitcoin Core developer and OCEAN CTO Luke Dashjr responded to Musk's post by saying, “Bitcoin doesn't even use encryption.”
JAN3 CEO and Bitcoin supporter Samson Mow echoed the same sentiment, saying, “Bitcoin is not encrypted.”
Musk’s statement comes after Telegram CEO Pavel Durov last week claimed that Telegram had entered into a year-long partnership with Musk’s xAI, including a $300 million payments and app integration deal. Musk responded by saying, “No agreements have been signed.”
Surprise Altcoin Jumps 90% in the Last 24 Hours – Here’s Why
#AltcoinNews
According to data from cryptocurrency tracking platform CoinMarketCap, the price of the FLock.io (FLOCK) altcoin has increased by 89% in the last 24 hours.
The altcoin, which is listed on major exchanges Bybit and Upbit, is not listed on the largest cryptocurrency exchanges such as Coinbase and Binance.
#Flock #IO
FLOCK, which was traded at around $0.11 yesterday, is trading at $0.217 at the time of writing.
FLock.io is known as a decentralized artificial intelligence (AI) collaboration platform. However, the reason for the token’s rise is that it was listed on South Korea’s largest cryptocurrency exchanges Upbit and Bithumb two days ago. The altcoin’s trading volume had increased significantly after it was listed on these exchanges.
However, FLOCK is trading 76% lower than its all-time high price record of $0.89 set in January.
According to the data, 41% of the current supply of FLOCK in circulation is held by the top 10 cryptocurrency wallets that hold the asset in their portfolio.
#AltcoinNews
According to data from cryptocurrency tracking platform CoinMarketCap, the price of the FLock.io (FLOCK) altcoin has increased by 89% in the last 24 hours.
The altcoin, which is listed on major exchanges Bybit and Upbit, is not listed on the largest cryptocurrency exchanges such as Coinbase and Binance.
#Flock #IO
FLOCK, which was traded at around $0.11 yesterday, is trading at $0.217 at the time of writing.
FLock.io is known as a decentralized artificial intelligence (AI) collaboration platform. However, the reason for the token’s rise is that it was listed on South Korea’s largest cryptocurrency exchanges Upbit and Bithumb two days ago. The altcoin’s trading volume had increased significantly after it was listed on these exchanges.
However, FLOCK is trading 76% lower than its all-time high price record of $0.89 set in January.
According to the data, 41% of the current supply of FLOCK in circulation is held by the top 10 cryptocurrency wallets that hold the asset in their portfolio.
One of the Big Names in the Cryptocurrency Industry Allegedly on the Brink of Bankruptcy: Rapid Denial from the Company
HashKey Group, which operates in the cryptocurrency and blockchain sector, is on the agenda with the allegations made about it.
#MarketPullback $
A report titled “Amid the Public Opinion Storm: What Happened to HashKey?” by Foresight News claimed that the company only has about six months of cash flow left in its coffers and recently laid off a third of its staff. The report also alleged that some of its suppliers were experiencing delays in payments or had their contracts terminated.
In response to these claims, HashKey Group issued a harsh statement. The company stated that the news in question was intended to deliberately mislead the public and was a “malicious attack” aimed at damaging their reputation. The statement included the following statements:
“The published article was prepared with the aim of misleading the public and damaging our reputation. Such malicious behavior is not only condemnable, but also reveals the capital connections and unethical competitive motivations behind it.”
HashKey drew attention to a possible capital connection between Foresight News and the trading platform OSL. According to the company's statement, OSL's parent company BC Technology received investment from BGX Group in November 2023. It was stated that the de facto controller of this group is also the founder of Foresight Ventures, and with the investment in question, BGX Group became the largest shareholder in BC Technology with a 29.97% share.
HashKey Group argued that all business operations are carried out in accordance with regulatory requirements and that its activities are progressing steadily. The statement also stated that the effort to manipulate public opinion through capital influence is incompatible with commercial ethics and harms fair competition in the sector.
HashKey Group, which operates in the cryptocurrency and blockchain sector, is on the agenda with the allegations made about it.
#MarketPullback $
A report titled “Amid the Public Opinion Storm: What Happened to HashKey?” by Foresight News claimed that the company only has about six months of cash flow left in its coffers and recently laid off a third of its staff. The report also alleged that some of its suppliers were experiencing delays in payments or had their contracts terminated.
In response to these claims, HashKey Group issued a harsh statement. The company stated that the news in question was intended to deliberately mislead the public and was a “malicious attack” aimed at damaging their reputation. The statement included the following statements:
“The published article was prepared with the aim of misleading the public and damaging our reputation. Such malicious behavior is not only condemnable, but also reveals the capital connections and unethical competitive motivations behind it.”
HashKey drew attention to a possible capital connection between Foresight News and the trading platform OSL. According to the company's statement, OSL's parent company BC Technology received investment from BGX Group in November 2023. It was stated that the de facto controller of this group is also the founder of Foresight Ventures, and with the investment in question, BGX Group became the largest shareholder in BC Technology with a 29.97% share.
HashKey Group argued that all business operations are carried out in accordance with regulatory requirements and that its activities are progressing steadily. The statement also stated that the effort to manipulate public opinion through capital influence is incompatible with commercial ethics and harms fair competition in the sector.
What Does the Pullback in Bitcoin Tell Us? What to Expect from BTC Next? Experienced Analyst Evaluated!
$BTC #MarketPullback
As Bitcoin (BTC) falls to $105,000 after hitting a record high of $111,000, investors are wondering whether this is a healthy pullback or a turning point that could lead to further declines.
While there are many predictions at this point, Derive founder Nick Forster stated that the pullback is healthy and that recent movements show that Bitcoin has entered a consolidation phase rather than a downward trend.
Nick Forster noted that Bitcoin’s current consolidation will give the market time to digest recent gains before it enters a new uptrend.
Stating that this consolidation phase will prepare Bitcoin for the next rise, the analyst stated that it is healthy and not a bearish signal.
“While the recent rally above $111,000 in Bitcoin is noteworthy, the current price action suggests a consolidation phase rather than an imminent uptrend or downtrend.
“Such a consolidation phase would be healthy ahead of another significant rally and would give the necessary time to prepare for the next rally.”
Forster said that according to historical data, the third quarter was a weak period for Bitcoin, but argued that a different scenario could occur in 2025.
“Historically, Q3 is seen as a bearish period, but this year, with positive factors such as regulatory changes and increased institutional inflows, Bitcoin has the potential to deliver exceptional and surprising performance in Q3.
At this point, the FED's interest rate decision on June 18 could be a critical and important turning point for the market.”
$BTC #MarketPullback
As Bitcoin (BTC) falls to $105,000 after hitting a record high of $111,000, investors are wondering whether this is a healthy pullback or a turning point that could lead to further declines.
While there are many predictions at this point, Derive founder Nick Forster stated that the pullback is healthy and that recent movements show that Bitcoin has entered a consolidation phase rather than a downward trend.
Nick Forster noted that Bitcoin’s current consolidation will give the market time to digest recent gains before it enters a new uptrend.
Stating that this consolidation phase will prepare Bitcoin for the next rise, the analyst stated that it is healthy and not a bearish signal.
“While the recent rally above $111,000 in Bitcoin is noteworthy, the current price action suggests a consolidation phase rather than an imminent uptrend or downtrend.
“Such a consolidation phase would be healthy ahead of another significant rally and would give the necessary time to prepare for the next rally.”
Forster said that according to historical data, the third quarter was a weak period for Bitcoin, but argued that a different scenario could occur in 2025.
“Historically, Q3 is seen as a bearish period, but this year, with positive factors such as regulatory changes and increased institutional inflows, Bitcoin has the potential to deliver exceptional and surprising performance in Q3.
At this point, the FED's interest rate decision on June 18 could be a critical and important turning point for the market.”
The Altcoins That Crypto Developers Have Focused On Most in the Last 30 Days Have Been Revealed
Here’s the List
Cryptocurrency analysis company Santiment shared the 10 DeFi-themed altcoins that crypto developers focus on most in its latest report.
Santiment analysts based the list on code changes on public Github pages of open-source cryptocurrency projects. The company also says it uses a system to prevent fake changes from creating the perception of high developer activity.
Compared to the previous list, there are significant changes in the list. Chainlink (LINK), which ranked high in almost all developer activity scores, has returned to the first position in the new list, significantly widening the gap with the second-placed altcoin.
However, it is also noteworthy that DeFiChain (DFI), which is known for its price drops and is the smallest altcoin on the list with a total market value of only $5.4 million, is at the top of the list.
Here is the list compiled by Santiment showing developer activity ranking and developer score in the last 30 days:
*ChainLink (LINK) – 492.87
*DeepBook Protocol (DEEP) – 264.83
*DeFiChain (DFI) – 221.77
*Synthetix (SNX) – 151.53
*Liquidity (LQTY) – 126.73
*Lido DAO Token (LDO) – 116.17
*Injective (INJ) – 99
*Babylon (BABY) – 85.3
*Coinbase Wrapped BTC (CBBTC) – 79.6
*FOX Token (FOX) – 67.47
Here’s the List
Cryptocurrency analysis company Santiment shared the 10 DeFi-themed altcoins that crypto developers focus on most in its latest report.
Santiment analysts based the list on code changes on public Github pages of open-source cryptocurrency projects. The company also says it uses a system to prevent fake changes from creating the perception of high developer activity.
Compared to the previous list, there are significant changes in the list. Chainlink (LINK), which ranked high in almost all developer activity scores, has returned to the first position in the new list, significantly widening the gap with the second-placed altcoin.
However, it is also noteworthy that DeFiChain (DFI), which is known for its price drops and is the smallest altcoin on the list with a total market value of only $5.4 million, is at the top of the list.
Here is the list compiled by Santiment showing developer activity ranking and developer score in the last 30 days:
*ChainLink (LINK) – 492.87
*DeepBook Protocol (DEEP) – 264.83
*DeFiChain (DFI) – 221.77
*Synthetix (SNX) – 151.53
*Liquidity (LQTY) – 126.73
*Lido DAO Token (LDO) – 116.17
*Injective (INJ) – 99
*Babylon (BABY) – 85.3
*Coinbase Wrapped BTC (CBBTC) – 79.6
*FOX Token (FOX) – 67.47
BREAKING: Following the Dismissal of the Binance Case, the SEC Announces Another Piece of Good News for the Cryptocurrency Market
The Division of Corporate Finance of the U.S. Securities and Exchange Commission (SEC) has published a new clarification regarding staking activities in Proof-of-Stake (PoS)-based networks in an effort to provide greater clarity regarding how crypto assets relate to federal securities laws.
The statement announced that certain types of staking transactions do not need to register with the SEC.
In the statement published by the Department of Corporate Finance, it was stated that staking activities defined as “Protocol Staking” and performed on open and permissionless networks using the PoS consensus mechanism are not considered “securities offerings” under the federal securities laws. Therefore, it was stated that there is no requirement to register with the SEC for such transactions.
In PoS networks, users can take on the role of “Node Operator” by staking crypto assets defined as “Covered Crypto Assets” and integrated into the technical operation of the network. These operators are selected randomly or according to certain criteria as “Validators” according to certain protocol rules. In this process, validators receive both newly minted cryptocurrencies and a share of transaction fees in exchange for verifying new blocks.
The SEC statement detailed three different staking methods:
Individual staking: Users stake directly by running their own nodes, and ownership of assets and private keys remain completely under the user's control.
Direct self-custodial staking with a third party: Users retain ownership of their assets and private keys, authorizing a third node operator to perform verification operations.
Escrow staking: Assets are held in a wallet controlled by a third party called the “Escrow.” The escrow uses these assets for staking transactions, but the ownership of the assets remains with the user and they are not used for lending, speculation, or other purposes.
The Division of Corporate Finance of the U.S. Securities and Exchange Commission (SEC) has published a new clarification regarding staking activities in Proof-of-Stake (PoS)-based networks in an effort to provide greater clarity regarding how crypto assets relate to federal securities laws.
The statement announced that certain types of staking transactions do not need to register with the SEC.
In the statement published by the Department of Corporate Finance, it was stated that staking activities defined as “Protocol Staking” and performed on open and permissionless networks using the PoS consensus mechanism are not considered “securities offerings” under the federal securities laws. Therefore, it was stated that there is no requirement to register with the SEC for such transactions.
In PoS networks, users can take on the role of “Node Operator” by staking crypto assets defined as “Covered Crypto Assets” and integrated into the technical operation of the network. These operators are selected randomly or according to certain criteria as “Validators” according to certain protocol rules. In this process, validators receive both newly minted cryptocurrencies and a share of transaction fees in exchange for verifying new blocks.
The SEC statement detailed three different staking methods:
Individual staking: Users stake directly by running their own nodes, and ownership of assets and private keys remain completely under the user's control.
Direct self-custodial staking with a third party: Users retain ownership of their assets and private keys, authorizing a third node operator to perform verification operations.
Escrow staking: Assets are held in a wallet controlled by a third party called the “Escrow.” The escrow uses these assets for staking transactions, but the ownership of the assets remains with the user and they are not used for lending, speculation, or other purposes.
While Bitcoin is in a Narrow Range, Whales' Behavior is Changing Remarkably! Here Are the Details
While the Bitcoin price has been trading sideways in a narrow range between $107,000 and $109,000, on-chain data reveals a notable shift in the behavior of “whales,” some of the largest and most influential participants in the market.
Are Bitcoin Whales Signaling a Peak?
According to the data, large investors may have moved from the accumulation phase to the distribution phase.
The Accumulation Trend Score provided by Glassnode further illustrates this trend. This metric measures the accumulation power of investors based on the size of wallets and BTC purchases made in the last 15 days.
Values close to 1 indicate strong buying, while values close to 0 indicate a selling trend. A more robust data set is obtained by excluding exchange and miner wallets from the analysis.
The score of whales with assets of 10,000 BTC and above in this metric has currently dropped to 0.4. This level shows that whales have started to take sell positions after the aggressive buying levels of $75,000 in April. Other wallet categories are still in accumulation mode.
This strategic change in direction by whales may be due to their desire to take profits or to take a more cautious stance on short-term price movements.
Another indicator of this change comes from exchange flow data. While whales have been showing a positive picture over the last month, showing that they have not sold by withdrawing BTC from their wallets to exchanges, they have been seen to have deposited BTC back into exchanges in two of the last three days. This movement is generally known as a pattern observed before the sale.
In light of these developments, Bitcoin continues to trade very close to its all-time highs, but whale behavior reinforces signals that the market could be entering a correction phase.
While the Bitcoin price has been trading sideways in a narrow range between $107,000 and $109,000, on-chain data reveals a notable shift in the behavior of “whales,” some of the largest and most influential participants in the market.
Are Bitcoin Whales Signaling a Peak?
According to the data, large investors may have moved from the accumulation phase to the distribution phase.
The Accumulation Trend Score provided by Glassnode further illustrates this trend. This metric measures the accumulation power of investors based on the size of wallets and BTC purchases made in the last 15 days.
Values close to 1 indicate strong buying, while values close to 0 indicate a selling trend. A more robust data set is obtained by excluding exchange and miner wallets from the analysis.
The score of whales with assets of 10,000 BTC and above in this metric has currently dropped to 0.4. This level shows that whales have started to take sell positions after the aggressive buying levels of $75,000 in April. Other wallet categories are still in accumulation mode.
This strategic change in direction by whales may be due to their desire to take profits or to take a more cautious stance on short-term price movements.
Another indicator of this change comes from exchange flow data. While whales have been showing a positive picture over the last month, showing that they have not sold by withdrawing BTC from their wallets to exchanges, they have been seen to have deposited BTC back into exchanges in two of the last three days. This movement is generally known as a pattern observed before the sale.
In light of these developments, Bitcoin continues to trade very close to its all-time highs, but whale behavior reinforces signals that the market could be entering a correction phase.
White House Crypto Chief David Sacks Talks About Bitcoin and US Plans to Buy More BTC!
2025-05-29
The Bitcoin 2025 Conference, which will be held in Las Vegas between May 27-29, started yesterday.
Many names from the cryptocurrency industry as well as the political wing attended the conference, and one of them was White House cryptocurrency and artificial intelligence director David Sacks.
Speaking about Bitcoin, Sacks pointed out that Trump has taken major pro-Bitcoin steps since taking office.
Stating that the most important of these is the US Strategic Bitcoin Reserve, Sacks argued that the Bitcoin reserve could be expanded by purchasing more BTC without affecting the country's budget.
“I think the government can finance the purchase of Bitcoin independently of the budget without paying taxes or adding to the growing national debt. Then the US can buy more Bitcoin.
So if we can convince Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson to buy some Bitcoin and they can figure out how to finance it, then we can potentially get more Bitcoin.”
David Sacks also called for more domestic energy production, emphasizing that the future of both AI and Bitcoin is closely tied to energy infrastructure.
Bitcoin and Crypto are the Future!
Stating that Bitcoin and cryptocurrencies are the financial system of the future, Sacks stated that they have accomplished a lot in just four months and that they will make more progress regarding BTC and crypto.
“Bitcoin and crypto are the financial system of the future. And we want that innovation to happen in the United States. We don't want it to move abroad.
The president has definitely put us on the right track. And it's only been four months. So we still have over three and a half years to go. So I think it's going to be really incredible what we can accomplish in the next few years.
What you all will accomplish with Bitcoin will be incredible.”
*This is not investment advice.
2025-05-29
The Bitcoin 2025 Conference, which will be held in Las Vegas between May 27-29, started yesterday.
Many names from the cryptocurrency industry as well as the political wing attended the conference, and one of them was White House cryptocurrency and artificial intelligence director David Sacks.
Speaking about Bitcoin, Sacks pointed out that Trump has taken major pro-Bitcoin steps since taking office.
Stating that the most important of these is the US Strategic Bitcoin Reserve, Sacks argued that the Bitcoin reserve could be expanded by purchasing more BTC without affecting the country's budget.
“I think the government can finance the purchase of Bitcoin independently of the budget without paying taxes or adding to the growing national debt. Then the US can buy more Bitcoin.
So if we can convince Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson to buy some Bitcoin and they can figure out how to finance it, then we can potentially get more Bitcoin.”
David Sacks also called for more domestic energy production, emphasizing that the future of both AI and Bitcoin is closely tied to energy infrastructure.
Bitcoin and Crypto are the Future!
Stating that Bitcoin and cryptocurrencies are the financial system of the future, Sacks stated that they have accomplished a lot in just four months and that they will make more progress regarding BTC and crypto.
“Bitcoin and crypto are the financial system of the future. And we want that innovation to happen in the United States. We don't want it to move abroad.
The president has definitely put us on the right track. And it's only been four months. So we still have over three and a half years to go. So I think it's going to be really incredible what we can accomplish in the next few years.
What you all will accomplish with Bitcoin will be incredible.”
*This is not investment advice.
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