| | | | Circle’s NYSE Debut | Circle (CRCL) shares surged during their first day trading on the NYSE. The company’s stock opened around $69 – more than double the upsized IPO price of $31 per share. Shares peaked at $103.75 before settling at $82 when the market closed, up 167% from the IPO price and about 20% from the opening price. Kraken and Gemini IPOs can’t come soon enough. Read more → |  | Ryan Rasmussen @RasterlyRock |  |
| Why are people shocked by the CRCL price action? Circle is going after the same market as Tether, which generates more profit than Goldman Sachs (and Goldman's worth $187 billion). Circle is currently valued at $17 billion... | |
 | | | 6:50 PM • Jun 5, 2025 | | | |
| | 135 Likes 19 Retweets | 16 Replies |
|
| Ethereum Foundation Sets Treasury Strategy to Back DeFi | The Ethereum Foundation just laid out a new treasury playbook. It will trim annual expenses from roughly 15% of reserves to 5% by 2030, step in during market slumps, and put idle capital to work in DeFi protocols. In short: less selling pressure, more yield, and clear disclosures. For ETH holders that means a leaner, more transparent steward whose ~$970 million war chest will be deployed more deliberately – just as the Foundation gears up for a “pivotal” 2025-26. Read more → | Big Tech <> Stables | More evidence the stablecoin moment is snowballing: Fortune says Apple, X, Airbnb and Google have begun early talks with crypto providers about plugging dollar–pegged tokens into their payment flows, mainly to slash card and cross-border fees. They join Meta and Uber, which have already signaled similar interest, underscoring how Big Tech now sees regulated stablecoins as a practical cost-cutter versus another web 8.0 crypto trend. Read more → | |
|
| | | Trump’s Final Betrayal | Exposing the President's “controlled” demolition of the financial markets - and why he could hit the financial detonator any moment now. Click here for the full story → | SPONSOR |
|
| | Trump-Musk spat sinks each man’s symbolic meme coin Link» Meanwhile, becomes first company to publish audited financials denominated in bitcoin Link» Coinbase stake in Circle now worth $700M Link » Circle and Coinbase — a story of two public offerings Link » Arca exec drops F-bomb on Circle in letter trashing its IPO Link »
|
|
| |
|
