Circle Internet's shares more than doubled in their debut on the New York Stock Exchange on Thursday. The New York-based company's stock opened for trading at $69 (roughly Rs. 5,920) apiece, valuing the stablecoin issuer at nearly $18 billion (roughly Rs. 1,54,356 crore), on a fully-diluted basis.
Uber is looking to reduce the costs of processing international money transfers, and it is now analysing if stablecoins can help in the process. Dara Khosrowshahi, the CEO of Uber, spoke about Uber's ongoing stablecoin study phase during the Bloomberg Tech conference held this week in San Francisco.
The overall crypto market tumbled by 2.70 percent over the last day. Bitcoin and Ether, both saw losses on Friday, June 6. The escalating tensions between Trump and Musk seem to have significantly impacted market sentiment. A majority of altcoins registered losses on Friday, including Solana, Dogecoin, Cardano, and Chainlink.
The Ethereum Foundation (EF) has revamped its treasury strategy. The EF plans to prioritise the refinement its asset-liability management policy by factoring-in the risk, duration, and liquidity parameters, it said in its statement on June 4.
USDC-issuer Circle priced its upsized US initial public offering (IPO) at $31 (roughly Rs. 2,660) apiece, raising $1.05 billion (roughly Rs. 9,001 crore), adding fresh momentum. Circle will start trading on the NYSE under the symbol "CRCL" on Thursday.
WazirX users affected by the $230 million (roughly Rs. 1,970 crore) hack are set to face further delays before their money is reimbursed. On Wednesday, the Singapore High Court rejected the crypto exchange's restructuring scheme, despite it receiving approval from creditors in April. WazirX requires the court's permission to execute the restructuring plan and repay affected users.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.78 lakh) on transactions processed via crypto ATMs. The agency highlighted that elderly individuals are purchasing cryptocurrencies via cash -- with many falling prey to notorious scams and fraudulent schemes.
The valuation of the crypto sector rose slightly by 0.41 percent in the last 24 hours. Bitcoin and Ether, both saw minor gains on Wednesday, June 4. Tether, Ripple, and Solana also registered small profits on the price chart.
The Monetary Authority of Singapore (MAS), recently outlined certain requirements to be fulfilled by the "Digital Token Service Providers (DTSPs) in Singapore, in order to establish more control over crypto-related services. The MAS has also decided to limit licensing for DTSPs.
Robinhood has officially acquired Luxembourg-headquartered crypto exchange Bitstamp. In an announcement posted on June 2, Robinhood revealed that it paid $200 million (roughly Rs. 1,709 crore) in cash to complete this acquisition.
Coinbase said in the May SEC filing that it knew contractors accessed employee data "without business need" in "previous months." A May 14 SEC filing revealed that part of the breach involved an India-based employee of the US outsourcing firm TaskUs photographing her work computer with a personal phone.
In a landslide majority, Meta's stakeholders have decided to not allocate any portion of the company's assets into Bitcoin for now. The volatility of Bitcoin emerged as a matter of concern for Meta.
The overall crypto market cap fell by under one percent in the last 24 hours. Bitcoin and Ether, both registered losses on Monday, June 2. Tether, Solana, and Dogecoin saw losses alongside BTC and ETH. Tron and Monero, meanwhile, logged minor gains.
The crypto market cap tumbled by two percent in the last 24 hours. Both Bitcoin and Ether reflected minor dips on Friday. Solana, Cardano, and Tron also saw price drops alongside BTC and ETH. Ardor and Status are among a handful of altcoins in seeing small gains.
The US SEC has moved to end its legal battle against Binance. The regulator and the exchange’s co-founder Changpeng Zhao filed a joint motion on Thursday to stay the case in the US District Court for the District of Columbia.
Sunil Mittal has urged the government to set clear crypto rules to oversee the sector. The Airtel founder was speaking at the Confederation of Indian Industry's (CII) Annual Business Summit 2025, where he addressed the recent growth of the digital assets sector.
On May 28, JD Vance took centre stage at the ongoing Bitcoin Conference in Las Vegas. As part of his 45-minute-long address, the US Vice President stated that Bitcoin will be strategically integrated into the US financial system to strengthen its position against China as tensions between the two nations remain volatile and intense.
BlackRock plans to acquire about 10 percent of the shares offered in Circle. The stablecoin issuer and some of its shareholders including co-founder and Chief Executive Officer Jeremy Allaire are seeking to raise as much as $624 million (roughly Rs. 5,333 crore) in the offering.
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
The overall market cap rose by less than one percent in the last 24 hours. Bitcoin and Ether registered minor gains on Wednesday, May 28. Solana, Avalanche, and Shiba Inu saw gains. Meanwhile, some altcoins such as Cardano and Dogecoin registered losses.
New York-based Circle and some existing investors are looking to raise up to $624 million (roughly Rs. 5,339 crore) by offering 24 million shares priced between $24 (roughly Rs. 2,053) and $26 (roughly Rs. 2,225) a piece. Circle is offering 9.6 million shares in the offering.
Trump Media plans to raise about $2.5 billion (roughly Rs. 21,417 crore) to invest in Bitcoin. The move is part of a recent trend of public companies adding Bitcoin and other cryptocurrencies to their balance sheets to capitalise on rising token prices as the Trump administration embraces digital assets.
Elon Musk has revealed that the X Money service will undergo a limited beta testing before being launched. This X Money platform is expected to debut later this year with support for crypto transactions, especially those being facilitated through Bitcoin.
Dubai has launched pilot trials for real estate tokenisation this week. During the trial phase, all transactions will be conducted exclusively in Dirhams, with cryptocurrencies temporarily excluded from the process.
Solana and Swiss watchmaker Franck Muller announced the launch of a limited edition of Web3-enabled luxury watch. The price of this watch is CHF 20,000 (roughly Rs. 20.7 lakh), the announcement revealed.
The overall crypto market cap rose by 1.26 percent in the last 24 hours. Both, Bitcoin and Ether registered profits on Monday, May 26. Cardano, Tron, and Avalanche registered gains alongside BTC and ETH. Meanwhile, Solana joined Dogecoin and Chainlink in clocking losses.
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
HSBC has launched a new tokenised deposit service for Hong Kong-based corporate clients. Singapore-based fintech firm Ant International was the first corporate to use this service that supports real time payments between HSBC Hong Kong wallets throughout the day.
Cetus Protocol said it approximately $223 million (roughly Rs. 1,910 crore) in a security breach. The team is investigating the incident at the moment. The attacker exploited vulnerabilities in Cetus Protocol’s smart contracts, Deddy Lavid, CEO of blockchain security firm Cyvers.
The US stablecoin bill has advanced to the House of Senate for the final approval. Dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, this legislation aims to set clear rules around the issuing and management of stablecoins in the US.
Bitcoin and Ether, both registered notable gains on Thursday, May 22. The overall crypto market cap rose by 3.56 percent in the last 24 hours. Bitcoin created a new historic all time high, touching $111,593 (roughly Rs. 95.6 lakh) amid supportive developments brewing in the US and other parts of the world.
US President Donald Trump is expected to dine with 220 holders of the "Official Trump" token at a golf course in Virginia on May 22. Justin Sun, the owner of the Tron blockchain, is among the VIP attendees of this gala dinner.
A stablecoin bill was passed in Hong Kong on Wednesday. Christopher Hui, the city's secretary for financial services and the treasury, said this step laid a solid foundation for Hong Kong's virtual asset market.
The overall crypto market cap rose by 0.87 percent in the last 24 hours. Bitcoin and Ether, both registered profits on Wednesday, May 21. Dogecoin, Tron, and Avalanche registered gains. Meanwhile, Ripple joined Cardano and Chainlink in clocking losses.
Coinbase has reportedly claimed that the contractors and employees who were bribed to leak its user data to the cyberattackers were from India. The US Department of Justice (DoJ) has now joined the US Securities and Exchange Commission (SEC) in the ongoing investigation.
A Supreme Court bench of Justice Surya Kant and Justice NK Singh reportedly urged Additional Solicitor General (ASG) Aishwarya Bhati to seek clarification on crypto rules from the central government.
Ripple has partnered with the Zand Bank and Mamo in the UAE, to enable cross-border payment solutions as well as on and off-ramp services for banks, crypto firms, and fintechs from around the world. Ripple is the first authorised blockchain payments provider for the DIFC.
At least six lawsuits have been filed against Coinbase following a cybersecurity incident that led to a breach of user account data, a report by CoinTelegraph claimed on Monday. The plaintiffs have said that Coinbase failed to train its employees adequately that led to the incident.
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
The overall crypto market cap slipped by 0.50 percent in the last 24 hours. Bitcoin and Ether, both registered notable losses on Monday. Tether, Ripple, and Solana followed BTC and ETH into losses. Meanwhile, Monero and Leo managed to log minor gains.
WazirX has been directed by the Singapore High Court to complete some more documentation work before giving it the go-ahead to implement its restructuring scheme. For now, the Singapore court has extended its moratorium cover to WazirX and Zettai to 6 June.
Coinbase has estimated that it could see expenses between $180 million (roughly Rs. 1,541 crore) - $400 million (roughly Rs. 3,426 crore) as it sets to manage the situation after a recent data breach incident. As part of the attack, cybercriminals managed to lure in funds from the exposed users under false claims and Coinbase plans to voluntarily reimburse the attacked users.
The overall crypto market cap rose by under one percent in the last 24 hours. While Bitcoin registered small gains, Ether logged minor losses on Friday, May 16. While Solana, Dogecoin, and Cardano clocked minor losses, Litecoin and Iota managed to see profits.
In a video message posted on X, Coinbase CEO Brian Armstrong said that cyber attackers had written to the exchange, claiming to have obtained personal data of a portion of Coinbase users. In exchange for not leaking the data, the attackers demanded a ransom of $20 million (roughly Rs. 171 crore).
Summer Mersinger, a commissioner of the US Commodity Futures Trading Commission (CFTC), has been appointed as the CEO of the Washington DC-based Blockchain Association. May 30 will mark Mersinger's last day of working at the CFTC.
The Ethereum Foundation unveiled a security-focussed initiative called "Trillion Dollar Security" on Wednesday. Fredrik Svantes, the protocol security lead of Ethereum, and Josh Stark from the Ethereum Foundation management team have been appointed as the initial co-chairs to oversee the project.
FalconX has announced a partnered with the Standard Chartered bank on Wednesday. Under the partnership, FalconX said it will integrate the bank's traditional finance infrastructure into its own offerings and cater to institutional investors.
The overall valuation of the crypto sector surged by 3.15 percent over the last 24 hours. Bitcoin and Ether, both saw gains on Wednesday. Most altcoins followed suit with Solana, Dogecoin, and Polkadot also registering profits.
Dubai's Department of Finance (DOF) has announced a partnership with Crypto.com to process payments for government services in the emirate. The step aligns with the Dubai Cashless Strategy that aims to digitise 90 percent of all transactions recorded in the region.
