Coindesk

Circle, the issuer of the USDC stablecoin, is aiming for a fully diluted valuation of up to $7.2 billion in its upcoming initial public offering, according to a Monday filing with the Securities and Exchange Commission (SEC).The company now plans to offer up to 32 million shares priced between $27 and $28 each, up from 24 million shares at $24 to $26 when it first filed in May. The move suggests investor interest in Circle’s business is growing, and possibly heating up faster than expected.That interest appears to be coming from some of the world’s most influential investors. In May, it was reported that BlackRock, the world’s largest asset manager, is considering purchasing up to 10% of Circle’s IPO shares,...

Shares of SharpLink Gaming (SBET) slipped 30% in early trading Monday, giving back a small bit of last week's 2,000% surge.The historic move higher — the stock moving from less than $3 to above $100 at one point — came following news that Sharplink was raising $450 million to launch an ether ETH treasury strategy, with ether co-founder Joseph Lubin to join the company board as chairman.The company Monday morning announced the closing of that fundraising.SharpLink sold 69 million shares to raise the capital. Pharmaceutical entrepreneur Martin Shkreli last week noted that most of those shares can’t be freely traded yet. “The 69 million shares issued are subject to a registration rights agreement, which be effective for months. Those...

Sberbank, Russia’s largest bank, has introduced a new structured bond that tracks the price of bitcoin BTC and the dollar-to-ruble exchange rate.Initially available over the counter to a limited pool of qualified investors, the bonds let holders earn based on two variables: the future performance of BTC in U.S. dollars and any strengthening of the dollar relative to the ruble.Investors can access these instruments without opening a crypto wallet or using foreign crypto exchanges, with all transactions being processed in rubles within Russia’s “legal and infrastructure systems.”The bank plans to list similar structured products with cryptocurrency exposure on the Moscow Exchange, according to a recent announcement.Sberbank, per the announcement, is also launching a bitcoin futures product via its SberInvestments platform...

By Omkar Godbole (All times ET unless indicated otherwise)The recent TACO tease, implying "Trump Always Chickens Out" on tariffs, likely didn't go down well with the President, who raised the stakes in the ongoing trade war on Friday, leading to broad-based risk aversion, which persists as of writing.On Friday, Trump said that on June 4, the U.S. tariffs on imported aluminum and steel would go from 25% to 50%, triggering a broad-based risk-off move across global markets. Bitcoin has since traded in the range of $103,000-$106,000, with little to no excitement in the broader crypto market. Notably, BlackRock's spot bitcoin ETF (IBIT) registered an outflow of $430 million, ending a prolonged inflows streak."Tariff tensions will likely dominate the macro narrative...

The cryptocurrency market continues to feel the effects of global economic tensions, with investor sentiment swaying under the weight of rising geopolitical risks and trade uncertainty. Uniswap’s UNI token saw a sharp intraday swing between $6.045 and $6.385 before stabilizing above $6.11, signaling cautious buyer support, according to CoinDesk Research's technical analysis data model.Although UNI briefly rebounded after early losses, analysts warn that macroeconomic headwinds — including tariff escalations and delayed monetary easing — may cap near-term gains even as key technical levels hold for now.Technical Analysis HighlightsUNI experienced significant volatility over 24 hours, with prices peaking at $6.385 before declining sharply to a low of $6.045, representing a 5.33% range.A notable resistance zone formed around $6.30–6.38, with high-volume selling...