jakiro
Headlines
▌Circle has raised IPO issuance scale and pricing range
Circle Internet Group Inc. and its shareholders have raised the issuance size and pricing range of the company’s initial public offering (IPO), showing strong demand for the stock from investors, Bloomberg reported.According to filings with the Securities and Exchange Commission (SEC) on Monday, the company and some existing shareholders currently plan to issue 32 million shares, with a pricing range of $27 to $28 per share.Previously, Circle and its shareholders sold planned to issue 24 million shares, with a pricing range of $24 to $26 per share.
▌SharpLink Gaming completed a private equity financing of US$425 million, led by Consensys
According to official news, SharpLink Gaming completed a $425 million private equity financing, led by Consensys, and SharpLink intends to use the proceeds to purchase ETH and use it as its main treasury reserve asset.
Quotes
As of press time, according to CoinGecko data:
BTC price is $105,804, up and down 24 hours+0.1%;
ETH price is $2,607.45, up and down 24 hours+2.1%;
BNB price is $665.39, up and down 24 hours+0.6%;
SOL price is $156.18, up and down 24 hours-0.4%;
DOGE price is US$0.1956, up and down 24 hours+0.8%;
XRP price is $2.2, up and down 24 hours+0.8%.
policy
▌US SEC solicits feedback on the physical creation and redemption of WisdomTree Bitcoin Fund
The Securities and Exchange Commission (SEC) is seeking feedback to decide whether to modify the rules to allow WisdomTree Bitcoin Funds to be created and redeemed in kind.According to the agency’s release, regarding the WisdomTree Bitcoin Fund, the SEC invites individuals to submit written data, opinions or arguments within 21 days to decide whether the rule changes should be approved or opposed.WisdomeTree Bitcoin Fund (BTCW) is a spot Bitcoin exchange-traded fund (ETF) that was originally approved in January 2024.In-kind redemption enables investors to redeem their shares in the fund using the underlying asset (Bitcoin in this case) instead of cash.
▌FOX reporter: The US Senate may vote on the GENIUS Act this week
FOX Business reporter Eleanor Terrett said the U.S. Senate is preparing for a potential vote for the GENIUS bill as amendment negotiations heat up.A new poll has increased pressure on U.S. lawmakers to take action as soon as possible.The U.S. Senate will resume work on Monday, with a vote on a Trump-nominated Defense Department official at 5:30 p.m. ET, but the real focus is behind the scenes: Legislators are pushing for the GENIUS Act, a stablecoin legislation that Republicans and Democrats, a bipartisan partnership that Republican leaders hope will pass in the Senate this week.According to people familiar with the matter, the bill’s sponsors are working to reach a “universal agreement” to allow for a quick vote on a series of amendments without the need to initiate a complete procedural voting process.
Blockchain application
▌Ethereum Foundation reorganizes its core R&D team, focusing on three strategic goals and renames it “Protocol”
On June 2, the Ethereum Foundation announced the restructuring of its core protocol R&D team and officially launched the new name “Protocol”.The organization will work around three strategic goals: expanding the mainnet (L1), improving data scalability (Blob expansion) and improving user experience (UX).The restructuring involves team structure adjustments, clear leadership responsibilities, and it is said that some members will leave the foundation.The foundation stressed that this move is intended to accelerate the development of zkEVM and Layer 2, making Ethereum more scalable, validated and censor-resistant to achieve the global “world computer” vision.
▌Consensys acquires wallet infrastructure provider Web3Auth, the specific amount has not been disclosed yet
Blockchain software development company Consensys announced the acquisition of wallet infrastructure provider Web3Auth, with the transaction amount not disclosed.The acquisition aims to enhance the user experience of its wallet, MetaMask.Consensys said the move is especially to address the problem of mnemonic management “one of the biggest risks” in the self-hosting process.According to the data, about 35% of users do not back up mnemonics, causing their funds to be at risk of losing.By integrating Web3Auth, MetaMask users will be able to create and restore wallets using familiar Web2 login methods such as social accounts and device authentication, without manually backing up mnemonics, thus reducing the risk of fund loss.
▌Robinhood closes acquisition of cryptocurrency exchange Bitstamp for $200 million
Robinhood Markets, Inc. has completed a $200 million acquisition of Luxembourg cryptocurrency exchange Bitstamp.The acquisition adds over 50 licenses and registrations to its cryptocurrency division and brings a mature institutional client base.Robinhood said on June 2 that the transaction consideration is still $200 million, consistent with the preliminary agreement in June 2024 and is paid in cash.Bitstamp serves more than 5,000 institutional clients and 50,000 retail investors, with most of its trading volume coming from institutional clients.
Cryptocurrency
▌Strategy intends to issue 2.5 million “Stride” preferred shares to fund its Bitcoin strategy
Strategy, the largest corporate holder of Bitcoin, said the company intends to sell 2.5 million permanent preferred shares called Stride (STRD) as part of its ongoing efforts to hoard Bitcoin.”Strategy plans to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and the use of working capital,” Strategy said in a statement. The company said the issuance is 2,500,000 shares of Strategy’s 10% Series A permanent Stride preferred shares.Strategy added that the offering is aimed at “institutional investors and specific non-institutional investors.”The company has recently issued other preferred shares to the public, called Strike (STRK) and Strife (STRF), in addition to plans to raise $84 billion (half of equity and debt each) for future purchases of Bitcoin.STRK and STRF are convertible preferred shares.Strategy said Monday that after the latest acquisition, its holdings of more than 580,955 bitcoins have been valued at more than $60 billion.
▌Arthur Hayes: James Wynn is likely to hedge transactions at anonymous address
BitMEX co-founder Arthur Hayes said on social media, “I began to think that this (referring to the giant whale James Wynn trying to raise funds at 0 cost) could become one of the most successful trading platform marketing activities in the history of the crypto world. HYPE will surely win. In addition, this guy is likely to hedge transactions at another anonymous address, specifically to grab Hyperliquid’s next round of airdrops.”
Important economic trends
▌The probability of the Federal Reserve keeping interest rates unchanged in June is 95.3%
According to CME’s “Federal Observation”: the probability of the Fed keeping interest rates unchanged in June is 95.3%, and the probability of cutting interest rates by 25 basis points is 4.7%.The probability of the Federal Reserve keeping interest rates unchanged in July is 75.6%, the probability of a cumulative interest rate cut of 25 basis points is 23.4%, and the probability of a cumulative interest rate cut of 50 basis points is 1.0%.
Golden Encyclopedia
▌What are Ethereum Futures ETFs How do they work?
Ethereum Futures ETFs are investment funds that track Ethereum futures contracts rather than Ethereum itself.
Consider a contract that promises to buy Ethereum at a certain price at some time in the future.These derivative contracts are traded through Ethereum (ETH) Futures Exchange Trading Funds (ETFs), providing a regulated method of investing in Ethereum using brokerage accounts.
Disclaimer: As a blockchain information platform, the content of the articles published by Bitchain Vision is for information reference only and is not used as actual investment advice.Please establish the correct investment philosophy and be sure to improve your risk awareness.
