Arthur Hayes: Stablecoin IPOs Are Exploding “Hot Potatoes”

BitMEX co-founder Arthur Hayes has warned that several overhyped stablecoin companies would follow the recent public listing of Circle (CRCL). On June 16, Hayes declared that Circle’s IPO marks the beginning of a “stablecoin mania” cycle, one that will ultimately see most new entrants fail. The expert predicted that a bubble will form and burst…

Ripple vs. SEC: Parties Want Continued Pause of Appeals

Ripple Labs and the United States Securities and Exchange Commission (SEC) have decided to hold off on appeals for now. To this end, they have written a joint status report to the United States Court of Appeals for the Second Circuit. Both parties recently requested that District Judge Analisa Torres amend the final ruling. This…
Worldcoin Whales Accumulate $18M as WLD Price Drops 8%, What’s Next?

Worldcoin Whales Accumulate $18M as WLD Price Drops 8%, What’s Next?

Worldcoin WLD $0.91 24h volatility: 10.7% Market cap: $1.48 B Vol. 24h: $287.68 M tumbled nearly 8% in the past 24 hours, dropping to around $0.9344 at the time of writing. The market capitalization has plummeted by $120 million over the same period, now sitting at around $1.52 billion. While retail traders appeared worried by…

Tron MicroStrategy Stock Outperforms Alibaba and Tencent on Plans to Go Public

Tron founder Justin Sun said that SRM Entertainment, aka Tron MicroStrategy, has surpassed tech giants like Alibaba and Tencent in terms of daily trading volume. This happened as the Tron Group announced plans to go public via a reverse merger with SRM Entertainment on Monday, June 16. Furthermore, the Group stated that the new entity…

How Chainlink Is Preparing for US Stablecoin Market Evolution?

The US stablecoin market is undergoing a major transition as the GENIUS Act is likely to get approval soon. Chainlink CEO Sergey Nazarov stated that his blockchain platform is all set to cater to the demands for proof-of-reserves and cross-chain connectivity. In his detailed post on the X platform, Nazarov stated that the impending US…

Ark Invest Sells Off Circle Stock After Massive Post-IPO Rally

Cathie Wood‘s ARK Invest has sold off a sizeable portion of its Circle (CRCL) share holdings. This asset management firm trimmed $51.8 million worth of these shares amidst an extension in the stock price rally following its successful Initial Public Offering (IPO) listing. ARK Invest First Divestment of CRCL Shares In May, Circle filed with…

Bitcoin (BTC) Price Resumes Selloff Ahead of FOMC Meeting, What to Expect?

The price of Bitcoin BTC $104 139 24h volatility: 3.9% Market cap: $2.07 T Vol. 24h: $40.49 B , the flagship cryptocurrency, has remained below the $107,000 threshold for a couple of days, with a supply overhang limiting further upside. On one hand, traders are looking forward to the next US Federal Open Market Committee…

XRP Price To $27? Top Analyst Unveils Key Technical Setup

On June 6, top market Analyst EGRAG CRYPTO sent the cryptocurrency sector buzzing with a bold XRP XRP $2.19 24h volatility: 0.3% Market cap: $128.56 B Vol. 24h: $1.29 B prediction. In an X post, the analyst shared a compelling technical setup for the Ripple-associated XRP coin. He projected that the crypto asset could hit…

BlackRock Ethereum ETF Approaches $5 Billion Inflows While IBIT Bleeds

BlackRock Ethereum ETF has registered nine consecutive days of inflows in a row and is approaching the $5 billion milestone very soon. Over the last nine trading sessions, the asset manager has dominated inflows among other US ETF issuers, with nearly half a billion dollars. As per the official website, the net assets under management…

Hyperliquid Breaking Binance Dominance With $248 Billion Perp Volume In May

Top perpetual futures trading platform Hyperliquid (HYPE) is on its way to challenge the dominance of Binance in the trading volume metric. In May, Hyperliquid facilitated more than $248 billion in perpetual trading activity, marking a new all-time high (ATH) in monthly futures volume. Hyperliquid Records 843% YoY Increase in Perp Volume According to a…