Recently, the news in the crypto world mainly includes the following content:
1. **Stablecoin Field** - **Circle IPO Progress**: Stablecoin giant Circle is expected to list on the New York Stock Exchange (NYSE) on June 5, which will be the first IPO in the stablecoin space. Circle plans to issue 24 million shares (60% of which are in the secondary market), of which 9.6 million shares will be newly issued by the company and 14.4 million shares will be sold by existing shareholders at an issue price range of $24 to $26, raising $600 million, which would bring Circle's fully diluted market capitalization to $6.2 billion at the median of the proposed range. As of April 2025, USDC has become the world's second-largest dollar-pegged stablecoin, with a market capitalization of about $60.9 billion, second only to Tether's USDT. If successful, the listing will further promote the development of the U.S. stablecoin market and accelerate the acceptance of stablecoins by traditional financial users, especially institutional users. - **Hong Kong Promotes HKD Stablecoin**: The Hong Kong SAR government is accelerating the promotion of HKD stablecoins. JD.com announced it will issue a stablecoin in Hong Kong that is based on a public blockchain and pegged 1:1 to the HKD. As relevant regulations in Hong Kong advance, more institutions may apply for licenses to enter the stablecoin market, which will further enrich the variety and application scenarios of stablecoins and may also impact the global stablecoin market landscape.
2. **Bitcoin and Related Market Dynamics** - **Price Volatility**: Against the backdrop of improving relations between China and the United States, the price of Bitcoin was close to breaking through the $100,000 mark and is now stable at around $97,000. Previously, the price of bitcoin experienced some volatility, reaching an all-time high of $112,000 on May 22 before retreating. - **Institutional Views and Predictions**: Standard Chartered predicts that the price of Bitcoin is expected to reach a historic high in the second quarter, potentially hitting $200,000 by the end of the year. The bank believes that this goal is achievable due to investors strategically withdrawing from U.S. assets. However, there are uncertainties in the market, such as the fading of the "crypto president" aura surrounding Trump, which has previously triggered a Bitcoin pullback and led to disappointment in the market.
3. **Industry Regulation and Policy** - **Changes in U.S. Regulatory Policies**: U.S. banking regulators have withdrawn several documents urging banks to exercise caution when engaging in cryptocurrency and related activities, which the market interprets as a "loosening" benefit for the crypto world, potentially encouraging more financial institutions to participate in cryptocurrency activities and promoting further development of the cryptocurrency market. - **Swiss National Bank's Stance**: The Swiss National Bank has rejected the inclusion of cryptocurrencies in its foreign exchange reserve standards, indicating that cryptocurrencies still face challenges in terms of recognition within the mainstream financial system, and reflecting the varying attitudes of central banks towards cryptocurrencies.
4. **Enterprise Cooperation and Investment** - **Ripple's Acquisition of Circle Rejected**: According to Bloomberg, blockchain payment company Ripple made an offer of $4 billion to $5 billion to acquire stablecoin issuer Circle, but the offer was rejected. This event reflects the competitive and cooperative relationships among crypto world companies and also demonstrates the potential value of the stablecoin market and the strategic positioning of enterprises. - **Ika Secures Strategic Investment from Sui Foundation**: The world's fastest parallel MPC network Ika is set to launch on the Sui blockchain and has announced a strategic investment from the Sui Foundation, with total financing exceeding $21 million. This indicates that the application and development of blockchain technology in various fields continue to advance, with new projects and technological innovations constantly emerging.
5. **Other Hot Events** - **Trump Coin Related News**: The meme coin launched by U.S. President Trump—Trump Coin—surged by 50% in the last 24 hours after the official Trump Coin website announced that it would host a banquet for coin holders. The trend of Trump Coin also reflects the speculative nature of the crypto world and how market sentiment influences prices.
In summary, recent news in the crypto world is rich and diverse, covering various aspects such as stablecoins, Bitcoin, regulatory policies, and corporate collaborations, showcasing the market's vitality and dynamism, while also reflecting the coexistence of opportunities and challenges faced by the cryptocurrency industry during its development.
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Recently, the news in the crypto world mainly includes the following content:
1. **Stablecoin Field**
- **Circle IPO Progress**: Stablecoin giant Circle is expected to list on the New York Stock Exchange (NYSE) on June 5, which will be the first IPO in the stablecoin space. Circle plans to issue 24 million shares (60% of which are in the secondary market), of which 9.6 million shares will be newly issued by the company and 14.4 million shares will be sold by existing shareholders at an issue price range of $24 to $26, raising $600 million, which would bring Circle's fully diluted market capitalization to $6.2 billion at the median of the proposed range. As of April 2025, USDC has become the world's second-largest dollar-pegged stablecoin, with a market capitalization of about $60.9 billion, second only to Tether's USDT. If successful, the listing will further promote the development of the U.S. stablecoin market and accelerate the acceptance of stablecoins by traditional financial users, especially institutional users.
- **Hong Kong Promotes HKD Stablecoin**: The Hong Kong SAR government is accelerating the promotion of HKD stablecoins. JD.com announced it will issue a stablecoin in Hong Kong that is based on a public blockchain and pegged 1:1 to the HKD. As relevant regulations in Hong Kong advance, more institutions may apply for licenses to enter the stablecoin market, which will further enrich the variety and application scenarios of stablecoins and may also impact the global stablecoin market landscape.
2. **Bitcoin and Related Market Dynamics**
- **Price Volatility**: Against the backdrop of improving relations between China and the United States, the price of Bitcoin was close to breaking through the $100,000 mark and is now stable at around $97,000. Previously, the price of bitcoin experienced some volatility, reaching an all-time high of $112,000 on May 22 before retreating.
- **Institutional Views and Predictions**: Standard Chartered predicts that the price of Bitcoin is expected to reach a historic high in the second quarter, potentially hitting $200,000 by the end of the year. The bank believes that this goal is achievable due to investors strategically withdrawing from U.S. assets. However, there are uncertainties in the market, such as the fading of the "crypto president" aura surrounding Trump, which has previously triggered a Bitcoin pullback and led to disappointment in the market.
3. **Industry Regulation and Policy**
- **Changes in U.S. Regulatory Policies**: U.S. banking regulators have withdrawn several documents urging banks to exercise caution when engaging in cryptocurrency and related activities, which the market interprets as a "loosening" benefit for the crypto world, potentially encouraging more financial institutions to participate in cryptocurrency activities and promoting further development of the cryptocurrency market.
- **Swiss National Bank's Stance**: The Swiss National Bank has rejected the inclusion of cryptocurrencies in its foreign exchange reserve standards, indicating that cryptocurrencies still face challenges in terms of recognition within the mainstream financial system, and reflecting the varying attitudes of central banks towards cryptocurrencies.
4. **Enterprise Cooperation and Investment**
- **Ripple's Acquisition of Circle Rejected**: According to Bloomberg, blockchain payment company Ripple made an offer of $4 billion to $5 billion to acquire stablecoin issuer Circle, but the offer was rejected. This event reflects the competitive and cooperative relationships among crypto world companies and also demonstrates the potential value of the stablecoin market and the strategic positioning of enterprises.
- **Ika Secures Strategic Investment from Sui Foundation**: The world's fastest parallel MPC network Ika is set to launch on the Sui blockchain and has announced a strategic investment from the Sui Foundation, with total financing exceeding $21 million. This indicates that the application and development of blockchain technology in various fields continue to advance, with new projects and technological innovations constantly emerging.
5. **Other Hot Events**
- **Trump Coin Related News**: The meme coin launched by U.S. President Trump—Trump Coin—surged by 50% in the last 24 hours after the official Trump Coin website announced that it would host a banquet for coin holders. The trend of Trump Coin also reflects the speculative nature of the crypto world and how market sentiment influences prices.
In summary, recent news in the crypto world is rich and diverse, covering various aspects such as stablecoins, Bitcoin, regulatory policies, and corporate collaborations, showcasing the market's vitality and dynamism, while also reflecting the coexistence of opportunities and challenges faced by the cryptocurrency industry during its development.