Crypto News
Stablecoin Giant Circle Files IPO on NYSE at $6.7 Billion Valuation
USDC stablecoin issuer Circle is pushing ahead with plans to go public on the New York Stock Exchange, per an SEC filing. Here's the latest.Source link
Thailand Eyes Crypto-Linked Credit Cards and Merged Legislation
Thailand is aiming to streamline payments for foreigners, while still allowing merchants to receive payments in local currency.Source link
Major Banks Underwrite Circle’s IPO as Company Prepares for NYSE Debut
Circle Internet Group, Inc., the global financial technology firm and stablecoin market leader, announced the launch of its initial public offering (IPO) of 24 million shares of Class A common stock, priced between $24 and $26 per share, with plans to list on the New York Stock Exchange (NYSE) under the ticker “CRCL.” Circle InternetSource link
Solana Labubu Meme Coin Shoots to $49 Million After Viral Toy Sales Halted
Labubu dolls are so popular Pop Mart stores have stopped selling them, causing a related Solana meme coin to soar.Source link
Trump Media Raising $2.5B for Bitcoin Treasury Strategy
Trump Media and Technology Group (DJT), the publicly-traded company that operates the social media site Truth Social, announced on Tuesday a $2.5 billion capital raise to create a bitcoin BTC treasury.The company has entered into subscription agreement with about 50 institutional investors, issuing $1.5 billion in common stock and $1 billion in convertible senior secured notes, according to a press release. The offering is expected to close on May 29. Crypto.com and Anchorage Digital will provide custody services for the firm's BTC holding.The story was initially reported on Monday by the Financial Times.DJT jumped more than 10% in premarket action, but has turned modestly lower in early regular session trading. Bitcoin is marginally higher, trading just above $110,000.Source link