Here’s a roundup of key developments in the crypto world today:
1. **Bitcoin Dips Below $75K:** Bitcoin prices have fallen below the $75,000 mark, contributing to a broader market sell-off. This downturn is linked to macroeconomic uncertainties and recent tariffs imposed by President Trump, prompting investors to seek safer assets.
2. **Waller Supports Stablecoins:** Federal Reserve Governor Christopher Waller has expressed strong support for stablecoins, highlighting their potential to improve the U.S. payment system. He believes private sector-led innovation is key to this area, while remaining skeptical of a Federal Reserve-issued digital dollar.
3. **Circle Secures IPO Success:** Circle Internet Group, the issuer of USDC, has filed for an initial public offering (IPO) on the New York Stock Exchange. The company reported $1.68 billion in revenue last year, a significant increase from the previous year ($1.45 billion). This marks Circle’s second attempt at going public after a previous merger attempt that fell through.
4. **Gemini and SEC Reach Settlement Goal:** Gemini Trust, spearheaded by Tyler and Cameron Winklevoss, is seeking to resolve its lawsuit with the U.S. Securities and Exchange Commission (SEC) regarding their ‘Earn’ program. Both parties have requested a 60-day delay in all deadlines related to this case to find potential resolutions.
Stay informed about these developments as they unfold.