According to data from EmberCN, a prominent whale identified as qianbaidu.eth has executed a significant transaction involving HYPE tokens. The investor acquired 420,000 tokens at an average cost of $31.9
BitcoinWorld Bitcoin Treasury Strategy: Bluebird Mining Makes Bold Shift Using Gold Revenue In a move that bridges the gap between traditional industry and the digital asset world, Bluebird Mining Ventures, a publicly listed UK mining company, recently announced a significant shift in its financial approach. The company, known for its gold mining projects, is set to adopt a Bitcoin treasury strategy , leveraging revenue generated from its gold operations to acquire and hold Bitcoin (BTC) on its balance sheet. This announcement, made via the company’s official X account, signals a growing trend of companies exploring digital assets as a component of their corporate finance and investment strategies. For a gold mining company to pivot towards Bitcoin in this manner is particularly noteworthy, given gold’s historical status as a premier store of value. What is Bluebird Mining’s Bold Bitcoin Treasury Strategy? Bluebird Mining Ventures operates primarily in the gold sector. Their core business involves extracting gold, a tangible asset valued globally for centuries. The traditional path for a mining company’s revenue is reinvestment in operations, debt reduction, dividends, or holding fiat currency reserves. However, Bluebird is charting a different course. Their new Bitcoin treasury strategy involves allocating a portion of the income derived from their gold sales towards purchasing Bitcoin. This means that as they mine and sell gold, instead of keeping all the proceeds in traditional cash or short-term investments, they will be converting some of that value into the leading cryptocurrency. This approach is a form of corporate treasury management that seeks to diversify asset holdings beyond traditional fiat and potentially hedge against inflation or currency devaluation. It’s a strategic decision that reflects a belief in Bitcoin’s potential as a long-term store of value and growth asset. How Gold Mining Revenue Fuels Institutional Bitcoin Adoption The connection between gold mining revenue and institutional Bitcoin adoption is fascinating. Gold has long been considered a safe-haven asset and a hedge against economic uncertainty. Bitcoin is increasingly viewed by many as ‘digital gold’ – a scarce, decentralized asset with similar properties, but with the advantages of digital transferability and a verifiable, fixed supply cap (21 million coins). For a company whose business is centered around extracting one store of value (gold) to invest in another (Bitcoin) using the revenue from the first, it creates a unique synergy. It suggests that even players deeply entrenched in traditional safe assets see value and potential in the emerging digital asset class. This move by Bluebird Mining could serve as a case study for other traditional commodity-based companies considering similar strategies. It demonstrates a potential pathway for businesses with significant physical asset revenue streams to gain exposure to digital assets, contributing to the broader trend of institutional Bitcoin adoption . The Mechanics: How Does a Corporate Bitcoin Strategy Work? Implementing a corporate Bitcoin strategy involves more than just buying BTC. Companies need to consider several operational and financial aspects: Custody: How will the Bitcoin be securely stored? This requires robust security protocols, potentially using multi-signature wallets or engaging with institutional-grade custodians. Accounting: How will Bitcoin holdings be accounted for on the balance sheet? Current accounting standards often treat Bitcoin as an intangible asset, which can lead to volatility in reported earnings due to impairment rules if the price drops below the purchase cost. Purchasing: How will large amounts of Bitcoin be acquired? This might involve over-the-counter (OTC) desks or executing trades on regulated exchanges to minimize market impact. Regulatory Compliance: Navigating the evolving regulatory landscape for digital assets in their operating jurisdictions. Risk Management: Developing strategies to manage price volatility risk, security risks, and potential regulatory changes. For Bluebird Mining, integrating these considerations into their existing financial and operational framework, which is built around physical asset management and sales (gold), will be key to the success of their corporate Bitcoin strategy . Benefits and Challenges of Holding Bitcoin in Treasury Adopting a Bitcoin treasury strategy comes with potential upsides and significant risks. Companies weigh these carefully: Potential Benefits: Inflation Hedge: Like gold, Bitcoin is seen by many as a potential hedge against the devaluation of fiat currencies due to its fixed supply. Store of Value: Its scarcity and global accessibility make it an attractive potential long-term store of value. Diversification: Adding Bitcoin to a traditional treasury portfolio can offer diversification benefits, as its price movements may not be perfectly correlated with traditional assets. Potential Appreciation: If Bitcoin’s value continues to grow, the company’s treasury holdings could increase significantly. Attracting Investors: A forward-thinking approach to treasury management, particularly involving digital assets, might appeal to a new class of investors interested in both traditional sectors and cryptocurrency. Key Challenges: Price Volatility: Bitcoin is known for its significant price swings, which can impact the reported value of treasury holdings and create financial uncertainty. Regulatory Uncertainty: The regulatory environment for cryptocurrencies is still developing globally, which could introduce unforeseen challenges. Security Risks: Holding significant amounts of digital assets requires extremely robust cybersecurity measures to prevent theft or loss. Accounting Treatment: Current accounting rules can make holding Bitcoin challenging for public companies, potentially leading to non-cash impairment charges that affect earnings reports. Public Perception: While increasingly accepted, Bitcoin still carries some stigma or misunderstanding for traditional investors. Bluebird Mining’s decision indicates they believe the potential benefits outweigh these challenges, or that they have developed strategies to mitigate the risks effectively. Examples: Who Else is Adopting a Bitcoin Treasury Strategy? Bluebird Mining is not the first company to implement a corporate Bitcoin strategy , but they are a notable addition, particularly from the traditional mining sector. The trend was significantly popularized by companies like: MicroStrategy: Led by Michael Saylor, MicroStrategy has been a pioneer and arguably the most aggressive corporate adopter, holding billions of dollars worth of Bitcoin on its balance sheet. Tesla: Elon Musk’s company famously purchased a significant amount of Bitcoin, though they have also sold some holdings since. Block (formerly Square): Jack Dorsey’s payments company has also invested in Bitcoin as part of its corporate treasury. These examples highlight that companies across various sectors – from software (MicroStrategy) and automotive/tech (Tesla) to financial services (Block) – are exploring or have adopted a Bitcoin treasury strategy . Bluebird Mining’s entry adds the traditional resource sector to this growing list, further demonstrating the increasing mainstream acceptance of Bitcoin as a treasury asset. Actionable Insights: What This Means for Investors? Bluebird Mining’s adoption of a Bitcoin treasury strategy provides several insights for investors: Cross-Industry Adoption is Growing: This move reinforces the idea that Bitcoin’s appeal is broadening beyond the tech and finance sectors, penetrating traditional industries like gold mining . Potential for Other Miners: If successful, this strategy could inspire other mining or commodity companies to consider similar approaches, potentially increasing corporate demand for Bitcoin. Understanding Company Strategy: Investors in Bluebird Mining now need to understand not just the dynamics of gold markets but also the implications of holding a volatile digital asset like Bitcoin. The company’s performance will be influenced by both gold prices and BTC prices. Bitcoin as a Treasury Asset: This case further validates the narrative of Bitcoin as a legitimate treasury asset for corporations, alongside cash, bonds, and other traditional holdings. For those interested in the intersection of traditional assets and cryptocurrencies, Bluebird Mining’s strategy offers a compelling case study to watch. Conclusion: A Golden Bridge to Digital Assets Bluebird Mining Ventures’ decision to use gold mining revenue for a Bitcoin treasury strategy is a landmark development. It signifies a forward-thinking approach that leverages the value generated from a traditional, tangible asset (gold) to invest in a modern, digital asset (Bitcoin). This move contributes significantly to the narrative of institutional Bitcoin adoption and highlights the increasing acceptance of Bitcoin as a legitimate component of corporate finance. While challenges remain, Bluebird’s bold step could pave the way for other companies in traditional sectors to explore the potential benefits of holding digital assets. It’s a fascinating evolution in corporate treasury management, demonstrating how even industries built on centuries-old foundations are beginning to embrace the future of finance. To learn more about the latest institutional Bitcoin adoption trends, explore our articles on key developments shaping corporate Bitcoin strategy . This post Bitcoin Treasury Strategy: Bluebird Mining Makes Bold Shift Using Gold Revenue first appeared on BitcoinWorld and is written by Editorial Team
The post Top 3 Altcoins Whales Are Buying Right Now appeared first on Coinpedia Fintech News As the crypto field is poised for a potential rebound, major altcoins like Ethereum (ETH), Fartcoin (FARTCOIN), and Hyperliquid (HYPE) are becoming choice’s of major crypto whales. The smart money’s move for these assets, is fiercely hinting that a market resurgence in June, seems more likely then ever. Similarly, the top crypto BTC also showered optimism, as its spot ETFs faced three consecutive days of outflows, and data from Santiment shows that whales have a worth of over $8.3 billion, just last week. Meanwhile, its strong correlation with the Global M2 money supply has increased experts’ conviction for its price to hit $150,000. These growing bullish factors suggests that the next crypto sector’s brewing alt season could be even more parabolic than previous cycles. As, BTC aside, Whales are stacking altcoins in anticipation of a rally. In late May, the sector saw a slowdown, but this dip has not deterred major investors, who are seizing the opportunity to accumulate promising altcoins. Keep reading as crypto whales are setting the stage for a significant shift as we have moved already into June. Ethereum (ETH) According to data from Lookonchain, a crypto whale utilized Galaxy Digital’s OTC wallet to obtain 108,278 ETH, amounting to $283 million. Before several hours of this move, this whale had already withdrawn 89,000 ETH, amounting to $233 million. Now, all combined 139,476 ETH amounting to $365 Million in total sits in a wallet address “0x0b26”. This move is not any reckless move, the way address moved his assets clearly showed a well-devised accumulation strategy that has been made for future increase in Ethereum’s price. Additionally, on the daily chart, the ETH price is above major EMAs and seems the Fibonacci 50% zone is set to break in June for the Fibonacci 78.6% and 100% targets (Q4 2024’s High). Fartcoin (FARTCOIN) Apart from the second most dominant crypto, which has attracted significant attention from Crypto whales, is Fartcoin (FARTCOIN). According to data from Lookonchain, three whales purchased 9.2 million FARTCOIN, amounting to $9.5 million, showing a highly optimistic vision for FARTCOIN’s growth potential. At the time of writing, FARTCOIN is trading at $0.8910, down 5.7% over the past 24 hours. However, some traders remain quite optimistic after knowing the whale’s activity, the long-term price of this meme could go to the Fibonacci 100% level around ATH $2.7321, but a crash would lead to its lowest demand zone. Hyperliquid (HYPE) The recent surge in HYPE is due to the hype around a trader named James Wynn on Hyperliquid and the BINANCE listing announcement. Amid this optimism, data from OnchainLens highlights that one crypto whale spent an amount worth $6 million over a consistent three days to buy over 170,000 HYPE. Taking into account all bullish factors of recent times, the participation of large investors has increased, which indicates strong confidence in the HYPE price’s long-term potential. Per the Fibonacci, if ATH is broken, then $58 is likely next.
Sumitomo Mitsui Financial Group (SMFG) has made a strategic investment in Hashed Venture Fund III, signaling a strong commitment to bridging traditional finance and the emerging Web3 ecosystem in Japan.
By Nick Percoco, Kraken Chief Security Officer Each year, crypto conferences are growing larger and becoming more global. From New York to Dubai to Singapore, there are in-person opportunities to engage with peers across the crypto community. These gatherings are one sign that crypto has reached an inflection point in mainstream adoption. But with that growth, a quiet but troubling trend has also emerged: Personal security hygiene at crypto conferences has taken a back seat. This trend surfaced before the recent high-profile crypto kidnappings. Unfortunately, the crypto community has grown emboldened to publicly display and openly discuss crypto topics — even wealth and high-value trades — in public settings. Crypto, at its core, is about being your own bank. And it is incredibly difficult (if not impossible) to achieve the promise of financial freedom if your personal security and operational security (op-sec) aren’t prioritized above all else. Kraken’s dedicated security team has been monitoring this trend while attending industry conferences. Here’s what they’re seeing, and what every attendee needs to keep in mind: Basic situational awareness is often ignored While walking around networking events and expo areas, our teams have identified unmanned laptops owned by popular crypto protocols left open and unlocked on work settings. Likewise, they’ve highlighted many instances of phones unguarded on tables, even as wallet notifications ping in real time. If you’re in crypto, your digital device is not just a phone or a laptop. It’s a vault to you, your cryptoassets and your broader employer’s operation. Always keep your devices in close proximity and locked when you are not using them. Openly broadcasting wealth and high-value trades One of our team members walked out of their hotel room one evening, several miles from a conference venue, and encountered several attendees discussing high-value trades while wearing lanyards from the conference that included their name and company. Even if you don’t think anyone’s listening, someone very well might be. Be discreet to protect yourself and those around you. Public spaces are not secure Just like you wouldn’t blindly trust WiFi at a busy coffee shop, you should be even more cautious at crypto conferences. Public networks can be easily spoofed or compromised, and crypto events are full of highly technical individuals, including those with hacking skills. It only takes one bad actor to exploit an unprotected connection. Think twice before scanning QR codes They’re everywhere at crypto events, from giveaways to product demos, but each scan could expose your wallet to malicious smart contracts designed to drain your wallet. It only takes a single sticker swap for a bad actor to replace a legitimate QR code on a marketing material with a fake one, putting dozens (if not hundreds) of attendees at risk. While we haven’t seen recent reports of this in the wild, the risk remains real. A safer approach is to use a burner wallet with limited funds specifically for conference activities. That way, if something goes wrong, your primary holdings remain protected. Be careful who you trust, and what you reveal Not everyone in a conference t-shirt is who they say they are. It is very easy to build cover stories, and register under fake personas, while at events. We always recommend verifying identities and limiting sensitive conversations to secure channels, or as follow-ups after in-person events. If it seems too good to be true, it probably is. But that’s not all. Our team is acutely aware of less obvious, but equally serious, risks associated with attending events. Always keep a close watch on your food and drinks; tampering, though rare, is a real threat, especially in high-stakes environments. Similarly, device compromise is easier than most realize. One common tactic is juice jacking, where malicious USB charging stations are used to install malware or steal data. Our recommendation is simple: Always use your own wall adapter and charging cable. If that means a quick trip back to your hotel room, it’s a small price to pay for keeping your digital assets safe. As crypto continues to grow and mature, our approach to security must remain uncompromising The more visible and mainstream our industry becomes, the more attractive we are to bad actors, and the easier it is for complacency to undermine progress. It’s time to get back to basics. In today’s high-stakes environment, crypto complacency isn’t just a personal risk, it’s a threat to our broader movement. Learn more about Kraken’s industry-leading security The post Crypto complacency: The hidden security threats at industry conferences appeared first on Kraken Blog .
The post Binance Coin BNB Price Prediction 2025, 2026 – 2030: Will BNB Hit New ATH? appeared first on Coinpedia Fintech News Story Highlights Binance Coin Price Today is $ 664.66140482 . The BNB price prediction anticipates a potential high of $1,292 in 2025. Binance price may reach a maximum of $2,749 by 2030. BNB has been on the watchlist of investors and traders as it could soon approach its ATH at $793.35. Talking about fundamentals, the Maxwell hardfork has improved the block times to 0.75 seconds. And the BNB chain’s market cap has surged by $8 billion after the hard fork. Amid the changing landscape, the Binance Coin fundamentals remain solid, with our new all-time high target at around the $1000 level. However, the underlying uncertainties amid the global tensions raise questions like, “Is Binance safe or not?” or “Will Binance go higher in 2025?” To answer these questions and provide a clear view of the BNB price action, we present our Binance Coin (BNB) Price Prediction 2025, 2026 – 2030. Table of Contents BNB Price Today BNB Price Prediction for June 2025 BNB Coin Price Prediction 2025 Binance Price Targets 2026 – 2030 Binance Coin Price Forecast 2026 BNB Coin Price Prediction 2027 Binance Crypto Price Projection 2028 BNB Crypto Price Prediction 2029 Binance Coin Price Prediction 2030 Binance Price Projection 2031, 2032, 2033, 2040, 2050 What Does The Market Say? CoinPedia’s Binance (BNB) Coin Price Prediction Is BNB a Profitable Investment? Final Thoughts FAQs BNB Price Today Cryptocurrency Binance Coin Token BNB Price $ 664.66140482 -0.50% Market cap $ 93,642,327,184.0772 Circulating Supply 140,887,264.56 Trading Volume $ 1,661,905,785.9618 All-time high $793.35 on 04th December 2024 All-time low $0.09611 on 01st August 2017 *The statistics are from press time. BNB Price Prediction for June 2025 Binance Coin is trading around $664.61, after correcting from a bullish spike on its daily chart. The price is hovering near the overbought region. The next crucial resistance lies at $707.25, surpassing which we can expect $730.52 to be achieved. Moving forward, it could smash a new ATH of $801.25. Possibilities of a new ATH are being fueled by the golden cross formation, BSC chain volume hitting $100 billion, and upgrades like Pascal, Lorentz, and Maxwell. Potential High: $801.25 Average Price: $680 Potential Low: $650.79 BNB Coin Price Prediction 2025 With a highly anticipated altcoin season toward late 2025, the Binance token is projected to achieve its milestone price of $1,000. Moreover, with the growing list of services in the Binance ecosystem, its native crypto token $BNB is expected to prolong the prevailing uptrend. Investors can anticipate the BNB coin price reaching a new All-Time High of $1,292. On the flip side, the Binance crypto may experience a low of $761 during that year. Considering the buying and selling pressure, the 5th largest cryptocurrency could conclude the year 2025 with an average price of $926. Year Potential Low Potential Average Potential High 2025 $761 $926 $1,292 Curious if Bitcoin will hit $100K as the crypto bull run begins? Find out more about Coinpedia’s Bitcoin price prediction . Binance Price Targets 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 1,111 1,316 1,521 2027 1,292 1,521 1,750 2028 1,463 1,772 2,081 2029 1,688 2,022 2,356 2030 1,893 2,321 2,749 Binance Coin Price Forecast 2026 By late 2026, BNB’s price could climb to a high of $1,521 . However, the price might dip to $1,111 , with an average value of $1,316 throughout the year. BNB Coin Price Prediction 2027 In 2027, BNB’s price is anticipated to hit a peak of $1,750 . On the downside, the price could fall to $1,292 , with an average of $1,521 . Binance Crypto Price Projection 2028 By the close of 2028, BNB’s price may reach a high of $2,081 . If market conditions worsen, it could drop to $1,463 , with an average price of $1,772 . BNB Crypto Price Prediction 2029 In 2029, BNB could continue its upward momentum, potentially reaching $2,356 . However, it may see a low of $1,688 , with an average price of $2,022 . Binance Coin Price Prediction 2030 As 2030 begins, BNB crypto could hit a new high of $2,749 . Conversely, it may bottom out at $1,893 , with an average price of $2,321 . Binance Price Projection 2031, 2032, 2033, 2040, 2050 Based on the historic market sentiments and trend analysis of the altcoin, here are the possible BNB coin price targets for the longer time frames. .highcharts-legend { display:none; } document.addEventListener("DOMContentLoaded", function () { setTimeout(function() { Highcharts.chart('custom-chart-684193443354f', { chart: { type: 'areaspline' }, title: { text: 'Binance (BNB) Price Prediction', style: { color: '#171717', fontSize: '20px', fontWeight: '500', } }, xAxis: { categories: ["2031","2032","2033","2040","2050"], title: { text: 'Year', style: { color: '#171717', fontSize: '16px', fontWeight: '500', display: 'block', align: 'middle' // Ensure it's aligned properly }, margin: 15 } }, yAxis: { title: { text: 'Average Price ($)', style: { color: '#171717', fontSize: '16px', fontWeight: '500', } }, labels: { formatter: function () { return this.value === 0 ? "0" : formatNumber(this.value); } } }, responsive: { rules: [{ condition: { maxWidth: 767 // Set breakpoint at 767px }, chartOptions: { title: { style: { fontSize: '13px', fontWeight: '500', lineHeight: '22px' // Corrected 'lineHight' to 'lineHeight' } }, xAxis: { title: { style: { fontSize: '12px', fontWeight: '500' } } }, yAxis: { title: { style: { fontSize: '12px', fontWeight: '500' } } } } }] }, tooltip: { shared: true, formatter: function () { var year = this.x; // Default index if (this.series.chart.xAxis[0].categories) { year = this.series.chart.xAxis[0].categories[this.point.index]; // Map to category label } return ` ${year} ${this.points.map(point => ` \u25CF ${point.series.name}: ${formatNumber(point.y)} ` ).join(' ')}`; } }, credits: { enabled: false }, plotOptions: { areaspline: { color: '#0052CC', fillColor: { linearGradient: { x1: 0, y1: 0, x2: 0, y2: 1 }, stops: [ [0, '#0f549999'], [1, '#0052CC0D'] ] }, marker: { lineWidth: 1, lineColor: null, fillColor: 'white' } } }, series: [{ name: 'Market Value', data: [3067,4133,5876,51322,123500] // Dynamic values }] }); }, 1000); function formatNumber(value) { if (value === 0) { return "0"; } if (value >= 1000000000) { return (value / 1000000000).toFixed(2).replace(/\.00$/, '') + 'B'; } else if (value >= 1000000) { return (value / 1000000).toFixed(2).replace(/\.00$/, '') + 'M'; } else if (value >= 1000) { return (value / 1000).toFixed(2).replace(/\.00$/, '') + 'K'; } else if (value >= 1) { return value.toFixed(2); } else if (value >= 0.1) { return value.toFixed(4); } else if (value >= 0.01) { return value.toFixed(5); } else if (value >= 0.001) { // 0.001 to 0.00999 (6 decimal places) return value.toFixed(6); } else if (value >= 0.0001) { // 0.0001 to 0.000999 (6 decimal places) return value.toFixed(6); } else if (value >= 0.00001) { // 0.00001 to 0.0000999 (8 decimal places) return value.toFixed(8); } else if (value >= 0.000001) { // 0.000001 to 0.00000999 (9 decimal places) return value.toFixed(9); } else if (value >= 0.0000001) { // 0.0000001 to 0.000000999 (10 decimal places) return value.toFixed(10); } else if (value >= 0.00000001) { // 0.00000001 to 0.0000000999 (11 decimal places) return value.toFixed(11); } else if (value >= 0.000000001) { // 0.000000001 to 0.00000000999 (12 decimal places) return value.toFixed(12); } else if (value >= 0.0000000001) { // 0.0000000001 to 0.000000000999 (12 decimal places) return value.toFixed(12); } else { // Less than 0.0000000001 (13 decimal places) return value.toFixed(13); } } }); Year Potential Low ($) Potential Average ($) Potential High ($) 2031 2,267 3,067 3,868 2032 2,996 4,133 5,271 2033 4,123 5,876 7,629 2040 35,672 51,322 66,973 2050 79,639 123,500 167,361 What Does The Market Say? Firm Name 2025 2026 2030 Changelly $608.66 $1,219 $6,344 Coincodex $1,119.10 $592.92 $1,305.46 Binance $608.63 $639.06 $776.79 CoinPedia’s Binance (BNB) Coin Price Prediction Despite the growing troubles of workforce reduction, regulatory scrutiny, and frequent executive departures, the Binance ecosystem is expanding. With its research in product innovations and new token listings, Binance Exchange has the highest trading volume. As per CoinPedia’s Binance (BNB) coin price prediction, the price of $BNB crypto will increase to $ 1,292 in 2025. Year Potential Low Potential Average Potential High 2025 $761 $926 $1,292 Is BNB a Profitable Investment? Yes, BNB crypto is a profitable investment for the long term. Several initiatives, such as the auto-burn mechanism, contribute to reducing its supply and potentially increasing its value over time. Final Thoughts Based on our analysis of factors like market sentiment, Binance exchange growth, and BNB utility expansion, BNB is likely to reach ~$1,300 in 2025. CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you! FAQs What was the initial price of Binance Coin (BNB)? The initial price of Binance Coin (BNB) at the time of the ICO was $0.15. What is the all-time low (ATL) price of Binance Coin (BNB)? The all-time low price of Binance Coin was $0.09611 on August 01, 2017. What could be the maximum trading price of Binance Coin by the end of 2025? As per our BNB price prediction 2025, the maximum trading price of $BNB could potentially reach $1,292 in 2025. How high could the BNB price reach by the end of 2030? The price of the digital asset could reach a potential high of $2,749 by 2030. What is the all-time high (ATH) price of Binance Coin (BNB)? The all-time high price of Binance Coin was $793.35 on December 04, 2024. Is BNB a good investment? Yes, BNB is a profitable investment for the long term. With initiatives such as auto-burn, numerous projects, and growing prominence, we could find it bearing fruit. How much would the price of Binance be in 2040? As per our latest BNB price analysis, Binance could reach a maximum price of $66,973. How much will the BNB price be in 2050? By 2050, a single Binance price could go as high as $167,361. What is BNB coin price today? The price of 1 BNB token at the time of press is $664.61.
Circle started trading publicly on the New York Stock Exchange Thursday under the ticker CRCL, pricing its initial public offering at $31 per share. The company sold 34 million shares, raising $1.05 billion, after bumping the size of its offering due to heavy interest. Circle initially aimed to sell 24 million shares at $24–$26 per share. That plan didn’t last long. Demand from investors pushed the number up to 32 million, then again to 34 million just before the market opened. The offering was led by JPMorgan, Goldman Sachs, and Citigroup, who also secured a 30-day option to unload another 5.1 million shares. With that flexibility, the total haul could climb even higher if the market stays interested. The shares will continue trading under CRCL, putting Circle on the public map for the first time since it was founded over a decade ago. Circle founder Jeremy Allaire calls IPO a major milestone Jeremy Allaire, Circle’s co-founder and CEO, posted on X to mark the occasion. “I am incredibly proud and thrilled to share that Circle is now a public company listed on the New York Stock Exchange under $CRCL,” he wrote. Jeremy said he started the company 12 years ago with the goal of “re-imagining and re-building” the financial system natively on the internet. He told every early hire and investor that it would be a “multi-decade opportunity” to build a new kind of platform. Jeremy described the IPO as “a significant and powerful milestone,” saying the world is now ready to “start upgrading and moving to the internet financial system.” He added that Circle has always focused on being “trusted, transparent, compliant, ethical and well governed.” Now that the company is under the SEC and NYSE’s watch, he believes those standards will only deepen. He ended his post thanking everyone who had been part of the journey and called the event a big moment for the internet’s role in the global economy. Circle, which moved its headquarters from Boston to New York earlier this year, is one of the earliest companies in crypto. The company is best known for USD Coin (USDC), a stablecoin pegged to the U.S. dollar and backed by reserves like Treasury bills. USDC holds 27% of the stablecoin market, trailing only Tether’s USDT, which dominates with 67%. That second-place spot still makes Circle one of the most central players in global crypto infrastructure. ARK, income numbers, and Circle’s narrow focus Investor interest in the IPO wasn’t random. Cathie Wood’s ARK Investment Management filed a notice saying it’s looking to buy up to $150 million worth of Circle shares. That kind of attention helped justify the bump in offering size. Unlike other fintech listings—Robinhood, eToro, or Block—Circle isn’t juggling multiple business lines. It’s not offering trading. It’s not pushing debit cards. It’s just stablecoins. And that makes it one of the few pure crypto infrastructure bets on Wall Street. Circle earned $1.68 billion in revenue and reserve income in 2024, bringing in $156 million in net profit. That’s a drop from the $268 million in income it reported the year before on $1.45 billion in revenue, but the numbers still show strength. The business is profitable. And right now, that alone sets it apart from many other recent tech IPOs. The broader IPO market has only recently started showing signs of life again. After slowing down in 2022, the comeback began with companies like eToro, which filed in March and debuted last month. Since going public, eToro’s stock is up 25%. Infrastructure provider CoreWeave more than doubled after its own March IPO. In the past few weeks, Omada Health, Chime, and even Klarna have stepped forward with new filings. But all of them come with broader platforms or apps. Circle is just USDC, and that simplicity is the entire point. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
China’s services activity grew modestly in May, with increased domestic demand. However, export orders suffered due to growing uncertainty from Washington’s latest moves on its tariff policy. In May, the Caixin/S&P Global Services Purchasing Managers’ Index ( PMI ) came in at 51.1, up from 50.7 in April, as global services expanded, but it was a fragile recovery as the rest of the economy showed some strain. The reading was in close agreement with the government’s official services PMI, which increased to 50.2 from 50.1. The Caixin PMI, which focuses on smaller, export‐oriented, private firms, gave a more nuanced view of how trade headwinds impact the economy beyond China’s dominant state‐owned enterprises. Despite a sharp acceleration in new domestic orders, new export orders in the services sector dropped for the first time this year. Economists blamed the drop on escalating trade tensions between Beijing and Washington, with China reintroducing tariffs even after a 90-day suspension was signed in mid-May. The bigger hit was in manufacturing. China’s Caixin China General Composite PMI fell to 49.6 from 51.1 in April, the first contraction in 17.5 months. The growth of services failed to offset the decline in factory activity as concerns about the resilience of China’s overall economy continue to deepen. Central bank moves to support growth In May, China’s central bank eased monetary policy in response to external shocks. Also, to stimulate domestic investment and spending, deposit rate ceilings were lowered. The changes are meant to alleviate the margin squeeze on banks and encourage savings in the economy. Services sector employment metrics stayed just above the neutral 50 mark. While some companies cut back on staff to control costs, others added to staff as growing domestic demand needed to be satisfied. Higher purchase prices and rising wages drove the fastest increase in input costs since October 2024. Output charges fell for a fourth consecutive month, prompting tighter margins. Although the current headwinds left little room for optimism in the short term, most service businesses continued to look ahead with certainty for the coming year. Expectations of further policy support and stabilizing external trade conditions are tied to optimism. U.S.-China talks stall as trade measures escalate The 90-day tariff suspension deal between Washington and Beijing has stalled, with trade negotiations stuck. It is “extremely hard” to reach a deal with Chinese President Xi Jinping, President Donald Trump said Wednesday. His remarks came after an earlier surge in expectation of a possible call between the two leaders. Treasury Secretary Scott Bessent said Thursday that talks were not progressing and might take a top-level intervention. While Beijing had publicly stated they are open to dialogue, the two presidents have not confirmed plans for a call . Chinese officials and the White House continue to blame each other for breaking the agreement reached in Switzerland. China accused the U.S. of refusing to ease export controls on rare earths, while the U.S. said China was continuing to press ahead with technology restrictions and extra visa bans. Chinese Foreign Minister Wang Yi denounced Washington during a Tuesday meeting with U.S. Ambassador David Perdue, saying Washington’s ‘negative measures’ went beyond what justified and violated China’s rights. Perdue spoke of President Trump having ‘great respect’ for Xi and hoping for cooperation in the official readout. The tariff standoff has broader economic implications. Despite a predicted $2.8 trillion reduction in the federal deficit over the next 10 years, a recent Congressional Budget Office report found that Trump’s global tariff policy would reduce U.S. household purchasing power, increase inflation, and shrink the economy. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Shiba Inu moving toward multi-trillion level many anticipated
Amazon’s announcement of a $10 billion investment in AI and cloud infrastructure marks a pivotal moment for Richmond County, North Carolina, signaling substantial growth in technology and job creation. This