Crypto News

None USDC Stablecoin Issuer Circle Launches IPO Circle Internet Group, the company behind the USDC stablecoin, said it will offer shares at $24 to $26 each in an initial public offering that would raise as much as $624 million for the company and its backers. Circle and other selling stockholders plan to sell 24 million shares, which could rise to 27.6 million shares if the IPO’s underwriters fully exercise an option to purchase additional stock. The company said it plans to list on the New York Stock Exchange under the ticker symbol CRCL. Circle, which had previously announced plans to go public in 2021 via a SPAC merger, said its net income last year was $155.7 million, down from $267.5 million a year earlier. It had $1.68 billion...

Elon Musk confirms surprising new feature on X X owner Elon Musk confirmed on May 25 that the social media platform will soon unveil a payments feature. As the Tesla Owners Silicon Valley informed on X that Musk has confirmed X is launching X Money soon, the billionaire responded, "This will be a very limited access beta at first. When people’s saving are involved, extreme care must be taken." X CEO Linda Yaccarino said Jan. 28 that X Money will be launched later in 2025, in partnership with Visa. The payments feature would allow peer-to-peer payments via debit card and instantly transfer funds to your bank account. However, none of the above announcements mentioned Dogecoin, the meme coin much adored by Musk, which disappointed...

Wall Street Can’t Beat Michael Saylor’s Runaway Crypto Engine Wall Street keeps inventing new ways to ride the digital-currency boom—from amped-up ETFs and tokenized funds to structured products—and crypto competitors keep circling. But the trade still delivering the biggest rewards belongs to Michael Saylor. His firm, now branded as Strategy (MSTR), formerly known as MicroStrategy Inc., pioneered the original capital-markets hack in this era of retail speculation. The playbook? Sell stock and debt. Use the proceeds to buy Bitcoin. Watch the market rip. Then do it all over again. After huge gains last year, his capital-market machine keeps running—for now. Strategy shares are up about 26% this year, beating Bitcoin’s 16% gain, and...

The only thing better than Bitcoin is...MSTR? Strategy CEO Michael Saylor, who rebranded the company from MicroStrategy, recently sparked discussion with one of his signature posts on X (formerly Twitter). Strategy currently holds more than 580,000 BTC—and it’s not stopping there. Staying true to Michael Saylor’s keynote, “Bitcoin: There Is No Second Best,” the company continues to aggressively accumulate Bitcoin. In a surprising twist, Strategy (MSTR) has outpaced the performance of the Magnificent 7, key market indices, commodities, and even Bitcoin. Now, many investors are asking: Is MSTR a better asset than BTC? Bitcoin purists, referencing Satoshi Nakamoto’s 2008 white paper, believe Bitcoin was not designed to be measured...

Newly Minted ETFs Buck Vanguard Effect as Fees Hit Record High (Bloomberg) -- Jack Bogle may have envisioned a world of rock-bottom fees and sleepy index funds — but the ETF market in 2025 looks more like a speculative arcade than a cost-cutting utopia. The average fee of an exchange-traded fund launched this year has surged to a record 65 basis points, with leveraged trades, cryptocurrency, and active management among the slew of nearly 350 new offerings, according to a Bloomberg Intelligence analysis. That means an investor putting $1,000 to work in an ETF would have to pay $6.50 in annual fees — that’s up from last year’s average of under $6 and $4 in 2017. Paradoxically, the all-time high costs can be linked back to the race...

The IRS Lost a Third of Tax Auditors Due to DOGE Cuts: How This Could Impact Taxpayers One of the more controversial aspects of President Donald Trump’s second administration is the formation and implementation of the Department of Government Efficiency (DOGE), an organization created to eliminate waste and supposed fraud within the federal government. Led by Elon Musk, one of DOGE’s major targets has been the Internal Revenue Service (IRS). Per CBS News, one of DOGE’s stated goals is to cut 40% of the IRS workforce. Thus far, via both “deferred resignations” and layoffs, the IRS has lost approximately 11% of its workforce in 2025. Of those IRS agents who are no longer with the agency, some 3,600 are auditors — meaning the IRS has now...

Stablecoin issuer Circle files to go public Circle Internet Group, the company that issues the USDC stablecoin, is planning to go public, it said on May 27. The firm has filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker symbol "CRCL." The IPO price is expected to be $24-$26 a share. For the uninitiated, a stablecoin is a type of cryptocurrency that is created to maintain a stable value, unlike traditionally volatile cryptocurrencies such as Bitcoin. It is usually pegged to a traditional currency like the U.S. Dollar or a commodity like gold. USDC is pegged 1:1 to the USD. Circle is offering 24 million shares of its Class A common stock, with the stablecoin issuer offering 9.6 million shares...

Trump Media stock is majority owned by the President Donald Trump. (AP Photo/Jacquelyn Martin) Trump Media & Technology Group (DJT) is doubling down on cryptocurrency, unveiling plans Tuesday to create what it claims will be one of the largest bitcoin treasuries held by any public company. The initiative is backed by a $2.5 billion private funding round, with commitments from roughly 50 institutional investors, according to a company press release. The deal includes $1.5 billion in Trump Media common stock and $1 billion in convertible senior secured notes, set to close on or around May 29. Once finalized, the move will place bitcoin directly on Trump Media’s balance sheet, alongside existing cash, cash equivalents, and short-term...

Solana SOL is expected to underperform ether ETH over the next two to three years, investment bank Standard Chartered (STAN) said in a research report Tuesday initiating coverage of the cryptocurrency. The bank expects the ether/solana ratio to increase from 14 currently to 17 by the end of 2027, before falling off again. For solana, "this translates into forecasts of $275 at end-2025 (from the current level of $175) and $500 by end-2029," noted the head of digital assets research at Standard Chartered. Solana is the blockchain of choice for memecoin trading, but due to the volatility associated with the sector, the token trades cheap relative to its application revenue, the bank noted. Memecoin activity on Solana also appears to be...

Here's How Much a $1000 Investment in Trane Technologies Made 10 Years Ago Would Be Worth Today How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries. The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks. What if you'd invested in Trane Technologies (TT) ten years ago? It may not have been easy to hold on to TT for all that time, but if you did, how much would your investment be worth today? Trane Technologies' Business In-Depth With that in mind, let's take a look at Trane...

David George has grown frustrated with the word “platform”—a term so overused it’s on the verge of losing meaning. “It’s the most abused term in our industry, you really struck a chord with me,” said George, a general partner at Andreessen Horowitz. “People don’t appreciate how special platform companies really are when they’re there. And it’s one of those things where, every pitch we see, they say ‘we’re a platform.’” George, who leads the growth practice at one of VC’s most high-profile and frequently controversial firms, developed a framework for what it actually means to be a platform. At the most basic level, he says, a platform must have: a high relative market share, a large and expanding total addressable market, multiple...

Circle Internet, the New York-based stablecoin giant, announced on Tuesday that it aims to achieve a fully-diluted valuation of up to $6.71 billion in its initial public offering (IPO) in New York. This move comes amidst a growing interest in cryptocurrency. The company and some of its current investors plan to raise up to $624 million through the sale of 24 million shares, with a price range of $24 to $26 per share. ARK Investment Management, led by Cathie Wood, has expressed its intention to purchase up to $150 million worth of Circle’s shares in the IPO. In this offering, Circle will put up 9.6 million shares, while the remaining 14.4 million shares will be sold by existing shareholders. These include venture capital firms Accel...

Circle Internet said on Tuesday it was targeting a valuation of up to $6.71 billion on a fully diluted basis in its New York initial public offering, as the stablecoin giant looks to tap into growing optimism around cryptocurrency. U.S. President Donald Trump's administration has embraced cryptocurrencies and pledged a more "rational" approach to digital asset regulations, encouraging companies from the industry to go public. New York-based Circle and some existing investors are looking to raise up to $624 million by offering 24 million shares priced between $24 and $26 apiece. Cathie Wood's ARK Investment Management has indicated its intention to buy up to $150 million shares of Circle in the IPO. Circle is offering 9.6 million...

U.S.-listed Exodus Movement (EXOD), a self-custody wallet firm specializing in bitcoin and other cryptocurrencies, has unveiled an Exodus debit card in partnership with Baanx, a crypto card enabler that works with Mastercard and Visa. Through the Baanx partnership, Exodus users can spend their crypto on everyday purchases such as travel, online shopping, and anywhere Mastercard is accepted, the firms announced at the BTC Vegas conference on Tuesday. Bringing debit card functionality to self-custody crypto holders is a fast-growing subset of the digital assets space, attracting a range of popular platforms. Beta testing of the virtual Exodus card begins at BTC Vegas, starting with the two major stablecoins, USDT and USDC, which users...

BTC options: distribution of open interest in the June expiry. (Deribit) Earlier this month, CoinDesk highlighted the rising demand for the Deribit-listed $300,000 bitcoin BTC call option, noting it as one of the most popular bullish plays for the all-important June quarter expiry. Now, this bet has become the most popular in the impending quarterly expiry, reinforcing its appeal as a "lottery ticket" for traders anticipating a bitcoin price rally above $300,000 by the end of the next month. At press time, the $300,000 call option was the most popular bet in the June 27 expiry, with a notional open interest of over $600 million, up from $484 million three weeks ago, according to data source Deribit. Notional open interest...

Elon Musk has been a constant in the headlines while heading up the Department of Government Efficiency (DOGE) since President Trump’s return to office. Musk famously said DOGE would cut up to $2 trillion in government waste. Though, DOGE’s official site only shows $170 billion in savings. Unfortunately, those savings also come at a cost to Americans’ finances, thanks to costs related to re-hiring essential workers and more, according to Max Stier, president and CEO of the Partnership for Public Service. Here are four ways DOGE cuts will hit Americans to the tune of $135 billion. Taxes Could Increase The IRS has long been in the crosshairs of Musk and Trump. DOGE has already cut 11% of the workforce — per Treasury Inspector General...

Adding fuel to the bitcoin rally is optimism that meaningful crypto legislation is finally within reach. Bitcoin’s rally is rolling on, with its price sitting near a record high as investors are piling into the cryptocurrency amid a storm of global economic uncertainty, a downgrade of U.S. debt and growing confidence in the forthcoming regulation of digital assets. At the heart of this surge are several powerful catalysts, according to analysts and executives gathered at this year’s Solana Accelerate Conference. Among the top reasons for the rally: bitcoin’s rising status as a safe haven asset, mounting geopolitical instability and a wave of institutional adoption. "Bitcoin is starting to behave as a safe haven asset, and there’s...

Image source: Getty Images. Bitcoin's (CRYPTO: BTC) price is a bit less than $110,000 per coin as of this writing, right near its all-time high, and right in the midst of what might be a generational bull run for the asset. There's a solid chance it could keep powering on higher and higher over the coming quarters. But this favorable setup isn't the result of chance, nor is it (yet) the result of a binge on speculative purchasing. Instead, there are four key catalysts that helped Bitcoin to get where it is right now. And they will stay in play too, which means they could keep driving the price up. Let's take a look at each to understand them a bit better. 1. The halving last year Bitcoin undergoes a halving roughly every four...

Bitcoin BTC was just 1% lower in the past 24 hours, while XRP XRP and dogecoin DOGE slipped 2.5% each, signaling a tepid recovery rather than a firm rebound. Markets were jolted late last week after U.S. President Donald Trump proposed raising tariffs on European imports to 50%, up from a previously discussed 20%. “Bitcoin's rebound came after Trump decided to delay imposing new EU tariffs, which had initially sparked a market downturn over the weekend,” Jeffrey Ding, chief analyst at HashKey Group, told CoinDesk. “Traders see these macroeconomic events as a welcome stability boost, encouraging a risk-on sentiment, especially as MicroStrategy’s Michael Saylor hinted at upcoming Bitcoin purchases,” Ding added. Markets calmed somewhat...

Image source: Getty Images. **Bitcoin Just Hit $112,000. Here's What Could Happen Next.** **Key Points** With Bitcoin's price hovering near its all-time highs and almost touching the $112,000 level, there are a few scenarios for what the king of cryptocurrencies might do next. Let's explore three, starting with the bull thesis for why the coin is likely to go higher. **The Bull Thesis is Playing Out Already** The most obvious possibility for Bitcoin over the coming days, months, and even years is for it to continue gaining in value. This process is supported by a powerful mixture of different forces at the moment. There can only ever be 21 million Bitcoin in circulation. It only gets harder to mine as time goes by. As more...