🐺Not even Trump / Musk breakup can't stop BTC, Circle IPO, new Fed Chair?

Circle’s NYSE Debut:

• CRCL shares surged to $123.50 on June 5, hitting a $27B market cap with a P/E ratio of 177.

• ARK Invest bought 4.5M shares; BlackRock eyed ~10% of the IPO.

• Circle bridges TradFi and digital assets, celebrated by NYSE for its secure digital economy vision.

Trump Wallet Drama:

• World Liberty Financial (WLFI) issued a cease-and-desist to Fight Fight Fight LLC over the unauthorized TRUMP Wallet with Magic Eden.

• Trump family distanced itself;

  @TrumpWalletApp was suspended on X, and trumpwallet.com went offline.

• Eric Trump confirmed WLFI’s alignment with TRUMP memecoin, planning a significant treasury acquisition.

Polymarket Partners with X:

• Polymarket named X and xAI’s “Official Prediction Market Partner” on June 6.

• Integration of X data and Grok analysis to enhance user insights.

• Aims to leverage Polymarket’s 2024 mainstream traction for real-time, data-driven predictions.

Pump.fun’s $1B Token Sale:

• Pump.fun plans a $1B token raise at a $4B valuation, deemed high by critics.

• Platform minted 11M tokens with a $4.5B cumulative market cap, impacting Solana ecosystem prices.

• Airdrop hopes faded, causing market sell-offs.

Plasma’s $50M ICO:

• Sonar’s first ICO, Plasma, starts pre-deposits June 9 at 9 AM ET, selling 10% of XPL tokens at $0.05 each ($500M valuation).

• Plasma, a Bitcoin sidechain for stablecoins, supports EVM and USDT with zero-fee transfers.

• Backed by Tether’s CEO and Bitfinex, though Tether’s involvement remains “unofficial.”

$ONIC.X ( ▼ 0.19% ) did not disappoint in May, in fact they just closed their 8th straight month of positive rev share paid out in ETH to holders. Want to learn more about parking funds in the nuclear reactor that is ONIC? Check it out here.