Crypto News

Circle Internet Group’s IPO is massively oversubscribed, with demand exceeding available shares by 25 times. Priced at $31 a share, the offering raised $1.05 billion, valuing Circle at $8 billion. Circle IPO Oversubscribed The upsized initial public offering (IPO) of stablecoin issuer Circle Internet Group will likely exceed the advertised range, with orders reportedly garneringSource link

Crypto hackers siphoned $302M in May alone as DNS attacks and code vulnerabilities expose fatal flaws in DeFi security—and it's getting worse.Source link

The South African central bank has appealed a High Court ruling that criticized its use of an outdated exchange control law to regulate cryptocurrencies. Central Bank Says High Court Erred The South African Reserve Bank (SARB) has appealed a High Court ruling that criticized the central bank’s reliance on an outdated exchange control law toSource link

There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment advisors taking a commanding lead, according to the recent SEC filings.Investment advisors now hold over $10.28 billion in spot bitcoin BTC ETF assets, representing 124,753 BTC. Investment advisors hold nearly half of the total crypto assets declared by the various funds. Hedge fund managers are second holding $6.9 billion worth of BTC ETF, or nearly 83,934 BTC, followed by brokerages and holding companies. These figures, highlighted by Bloomberg ETF analyst Eric Balchunas, underscore how advisors have surged to the top "number one by a mile." Balchunas estimates that 13F filers currently make up about 20% of total spot Bitcoin ETF assets, a number likely...

Hong Kong may soon be able to trade crypto derivatives thanks to the securities regulator's new plan.Source link