Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece, raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.
Circle and its shareholders sold 34 million shares at $31 apiece, valuing the company, which issues the USDC stablecoin, at roughly $8 billion on a fully diluted basis. The IPO had been marketed in a range of $27 to $28 per share.
🍿 #Buterin has already accumulated $1 billion, which he now promises to invest not as badly as before.
The Ethereum Foundation expects 2025-2026 to be a “turning point” for the ecosystem and has rolled out the following provisions: • They will sell ETH when the market is down in order to finance development, research and “saving the ecosystem”; • They promise to give normal quarterly and annual reports; • They will start supporting only Defipunk projects, because privacy and open source are now important for them; • They are going to invest money in solo staking, profitable DeFi protocols, RWA and other projects; • They have already fired some of their workers.
Will this help Vitalik Buterin and his team pull the Ethereum rate out of the ass? Or at least not drive it into an even bigger one. 🕔
📮🟠The Romanian Post is installing crypto ATMs across the country.
• The pilot project with Bitcoin Romania has already started. • The first BTC ATM is in the city of Tulcea. • Four more cities will receive terminals: Alexandria, Piatra Neamț, Botoșani, Nedlac. • Users can top up their crypto wallets with cash. • Part of the digital transformation of Poșta Română.
🇷🇴 Romania strengthens its position in the crypto market, making #BTC available even in post offices. #Crypto $BTC #Romania
💸 The US Treasury has made the largest buyback of government debt in history.
They bought back $10 billion at once. Previously, they were buying back a maximum of $2-4 billion, and now it's a hefty $10 billion at once.
What does this mean? — A shift to hidden QE, which means liquidity is approaching risky assets.💵
📊 Also expected tomorrow — a report on unemployment, and next week — data on inflation. Everything is heading towards money becoming cheap again, which means the market can rise from its knees once more.
🕑 However, Elon Musk added some sadness and stated that the US is rapidly heading toward debt slavery, hinting that Trump is leading to an economic orgy under the guise of "trade tariffs." Musk believes that: "The ship called 'America' is sinking." — It took the US national debt a whole 200 years to grow to $12 trillion; The last $12 trillion of national debt appeared in just 4 years.
❕ The scamcoin site of Trump has posted a message about an upcoming release of a crypto wallet in partnership with Magic Eden. Their social media accounts have also confirmed the authenticity of this event.
However, Donald Wopper-Junior Trump and Eric Trump stated that they have no relation to the wallet and that their family is not involved in anything like this. 😐
💻 Meanwhile, the crypto project World Liberty Financial, associated with Trump’s sons, also plans to launch its wallet.
It is quite possible that this refers to the same project; it's just that outside sources decided to share the info before the official announcement.
Or maybe Magic Eden decided to ride the wave of Trump's name so that at least someone would use their unnecessary wallet. 😐
#Australia #news $BTC 🦘 Australia tightens the screws on crypto ATMs.
Currently, Australia is in third place in the world for the number of crypto ATMs (over 1800 units). Over the past year, scammers stole crypto through them, with official estimates at 3.1 million AU$ (2 million $).🥷
❌ As a result, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has introduced the following restrictions: 🛡 Transaction limit — no more than 5,000 AUD (~3,250 USD) at a time; 🪪 Enhanced KYC and transaction monitoring; ↔️ Scam warnings on the ATMs themselves;
Interesting fact: 72% of the total transaction volume in crypto ATMs comes from people over 50, which makes them a magnet for scammers.
Am I the only one shocked that instead of kangaroos, retirees who are somewhat knowledgeable about cryptocurrency live in Australia? 😬 (Well, or not knowledgeable if they're getting scammed for 2 million.)
Musk criticized Trump's 'beautiful' law on cutting government spending — calling it disgusting, piggish, and shameful.
According to Musk, instead of saving money, the project only increases the budget deficit and places even more debt on Americans. He outright accused everyone who voted 'for':
Shame on those who voted for it — you know you did wrong.
Is a real split brewing between the two titans of market manipulation? And it seems Elon’s son didn't speak ill of Trump in the White House for nothing; apparently, this conflict has been simmering for a long time. 😏
#대한민국 #SouthKorea $BTC $ETH 🇰🇷 A new president has been elected in South Korea who advocates for crypto!
Lee Jae-myung won the snap elections on June 3, receiving 49.42% of the votes.
🐘 Our elephant supports the modernization of Korea's financial system and the integration of crypto into the country's economy.
⚡️ Key points of Lee Jae-myung's crypto policy: 🥇 Legalization of spot cryptocurrency ETFs; 💲 Development of a stablecoin pegged to the South Korean won; 🏦 Allowing pension funds to invest in crypto; 📈 Easing banking restrictions for crypto exchanges;
Here it is — the world balance: North Korea stole $1.5 billion from the exchange, while South Korea is opening up for cooperation. 😆
#TRUMP $TRUMP 😱 Donald Trump Jr. said that their whole family is knee-deep in crypto.
🍔 Whopper Junior said that as soon as politics started, banks stopped lending to their family, and they found themselves shut out of the banking system.
And the only solution, it turned out, was to launch meme coins and initiate a rug pull to switch to crypto. 👌
Poor Trump family, how cruel the world is to them! 😬
Many people believe that investing in Bitcoin is risky, but in reality, buying Bitcoin is less risky than gambling at online casinos.
While the price of Bitcoin can be volatile, it is important to remember that it is a long-term investment. Unlike gambling at online casinos, which is a short-term activity with a high risk of loss.
With Bitcoin, you have control over your investment and can hold it for as long as you want, reducing your risk of loss.
But it is worth remembering that when trading on the stock exchange or gambling, your mathematical expectation is less than one due to fees. By increasing the bet in a casino or increasing the leverage on the stock exchange, the risks increase exponentially. Play smart.