Circle files for an IPO, but the firm’s financials reveal a less than stable picture... but that's not all that happened this week!
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Circle Eyes IPO, But Reveals Coinbase Baggage
Circle files for an IPO, but the firm’s financials reveal a less than stable picture. Liberation Day leads to market liquidations, and GameStop raises the maximum $1.5B for its BTC purchases. In Trending Topics, we look at stablecoin legislation progress, and the novel idea of “BitBonds” as a budget-neutral way to boost the SBR.
Leverage and yields have slipped to multi-month lows as BTC retreats to the lower $80,000s. With Liberation Day on the horizon, tariffs are likely to dominate the news cycle. But amid the noise, has the market forgotten the SBR?lg...more
Pump.fun ended its partnership with Solana DEX Raydium, launching its own AMM – PumpSwap. Raydium has lost a significant chunk of Solana trading volume essentially overnight, but the team is not giving up without a fight.lg...more