“USDC Stablecoin Issuer Leads What Is Likely to Be A Summer of ipos for Crypto Companies.”, – WRITE: www.coindesk.com
On the One Hand, We Had Circle, Long A Leading Crypto Company, Hurtling To Ipo and Making Bank. ITS Shares Were Priced At $ 110 at Press Time (Up From $ 31 Wednesday), Leading Many to Expert A Summer and Fall of Crypto-Tes.
On the Other, We Saw Hyperliquid Trader James Wynn Go from Having A $ 100 Million Btc Position One Day Day to A Massive Loss The Next. (Kids, Beware The Big, Bad Leverage Monster).
MOST OF The Market Ports Looked Good, Though. Crypto Money-Raising Season Was in Full Swing.
Groups Doubled-Down on the Bitcoin Treasury Strategy, Not Least Metaplanet, Japan’s Answer to Michael Saylor’s Strategy. Pump.fun, Solana’s Memocoin Juggernaut, SAID IT WAS LINING UP $ 1 Billion at A $ 4 Billion Valuation. One of Its Children, Fartcoin, Surged On Rumors of A Coinbase Listing.
Crypto Technology Continued to get integrated integrated integrated into Mainstream Products. Predict Markets from Polymarket are coming to x and xai. Uber, Apple, Airbnb and Other SAID they hoping to combine Stablecoins Into their payment offers. Revolut SAID ITWD SOON OFFER DERIVATIVES. And so on.
Still, Trump and Musk Dominated COVERAGE as Normal (Probably to an Unhealthy Degree). On Thursday, Trump’s Media Company Truth Social Said It Wound Launch ITS OWN BITCOIN ETF. (By Friday, It Was Set to Issue More Shares As Well.)
The Trump-Musk Feud, Which Also Broke This Week, Highlighted the US’s Precarious Debt Sity (A Key Driver for Bitcoin’s Existence). But SO Far Bitcoin, and Dogecoin, Prices Are Down On the News. Really Anything Is Possible in the Weeks Ahead.
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