Several Wall Street analysts on Monday launched coverage of Circle Internet Group, following the stablecoin issuer's initial public offering earlier this month. https://t.co/DaoXA4XP0p ...

Stablecoin Giant Circle Wants to Be Its Own Bank, Applies for National Trust License► https://t.co/CYPQ3lgIc8 https://t.co/CYPQ3lgIc8 ...

On the heels of its blockbuster IPO, stablecoin issuer Circle said it is seeking to create a national trust bank in the US https://t.co/quXVslCcA2 ...

RT Plasma (@PlasmaFDN)Global stablecoin volume continues to climb: monthly transfer volume is $4.6 trillion across 1.3 billion transactions. https://t.co/OLtdEJGyRb ...

A meteoric rise for shares of stablecoin giant circle since their public debut in just early June, but some concerns in the street's first initiations of the name this morning. Tana McKiel here with that story. And I I am curious how they're valuing this company.Tana. Yeah, that's right Sarah. Deutsche Bank with a hold saying they see big potential for stable coins, but Circle is valuation rich for now and investors should wait.Similarly, at Goldman, a unique asset with a healthy growth outlook, but valuati ...

We are now joined by U.S. Treasury Secretary Scott Betts. And just as the Senate has begun voting on what's known as the big, beautiful bill. You look at the latest version of the tax bill.The big question that remains is the GOP holdouts. What kind of deal can be cut with those holdouts. And what are you and the president prepared to offer for support.Well, I'm confident that the bill is going to progress, as is over the next few hours, and it'll be on the president's desk to sign on July 4th. So the Senat ...

Company Overview - BitMine has announced a private placement for the purchase and sale of 55,555,556 shares of common stock at a price of $4.50 per share, expecting gross proceeds of approximately $250 million [3][5] - The company focuses on accumulating cryptocurrencies for long-term investment, with operations in Bitcoin mining and Ethereum treasury strategy [12] Leadership Changes - Thomas Lee has been appointed as the Chairman of the Board of Directors, effective immediately [1][6] - Lee emphasized the convergence of traditional financial services and crypto, highlighting the quality of investors involved in the transaction [6] Treasury Strategy - The proceeds from the private placement will be used to acquire Ethereum (ETH) as the company's primary treasury reserve asset, enhancing its treasury strategy [5][6] - BitMine aims to increase its treasury holdings significantly, with existing treasury holdings increased by over 16 times [2] Market Context - The stablecoin market is projected to grow from $250 billion to potentially $2 trillion, with Ethereum being the primary blockchain for stablecoin transactions [7] - The company plans to leverage its ETH treasury position for protocol-level activities, including staking and decentralized finance mechanisms [6][7] Partnerships and Advisors - The transaction was led by MOZAYYX, with participation from notable investors such as Founders Fund, Pantera, and Kraken [4][6] - FalconX, Kraken, and Galaxy Digital will partner with BitMine to develop a world-class Ethereum treasury strategy [7]

Hong Kong's Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players► https://t.co/qkMO45v6ma https://t.co/qkMO45v6ma ...

circle private market data is interesting right now• linqto platform showing 589% appreciation ($30k → $157k positions)• flow divergence: coinbase and circle buying heavily vs binance selling• infrastructure metrics: $1.2b fees generated on arbitrum, $1.0b on basestablecoin fundamentals accelerating:• $702b monthly transaction volume (+49% yoy)• usdc holds 30% market share• cctp v2 rolling out to polygon and unichain• eurc up 138% to $200m+ market capregulatory path cleared with genius act approvalthe priva ...

Stablecoin protocol Resupply proposes burning 6 million tokens after $10 million exploit https://t.co/TiJdWCoRvE ...