Circle’s IPO Valuation Climbs to $6.9B with Latest Pricing Adjustment
Circle Internet Group has adjusted its IPO terms yet again, now targeting $1.05 billion by pricing shares at $31—surpassing its prior $27-$28 range.
Hong Kong Expands Crypto Market with Professional Investor Derivatives
The Hong Kong Securities and Futures Commission (SFC) has announced plans to introduce regulated digital asset derivatives trading exclusively for professional investors.
California Bill to Enable Crypto Payments Advances to Senate
A California bill that would permit state agencies to accept cryptocurrency payments has passed the Assembly unanimously.
South Korea Chooses Crypto Over Conservatism in Historic Election
In a decisive rebuke to political instability, South Korean voters elected pro-crypto reformist Lee Jae-myung as president.
Truth Social Files for Bitcoin ETF Through NYSE Arca
Donald Trump’s Truth Social platform has taken steps toward launching a Bitcoin ETF through a NYSE Arca filing with the SEC.
Lawsuit Alleges TaskUs Mishandled Coinbase Customer Data
A May 27 lawsuit in Manhattan accuses outsourcing firm TaskUs of failing to secure Coinbase customer data after an employee allegedly leaked sensitive information to hackers.
Singapore Sets June 30 Deadline for Crypto Firms—Violators Risk Jail Time
Crypto businesses operating abroad must stop services or obtain licensing by June 30, 2025, or face S$250,000 fines and three-year prison sentences.
