Stablecoin Supply Increases Over $5.40 billion After U.S. Election

The probability of "Circle IPO in 2025" on Polymarket is 96%, and the cumulative trading volume has exceeded 680,000 US dollars. Previously, it was reported that at 4:00 on April 2, Circle had filed an S-1 with the Securities Exchange Commission (SEC) to officially start the process of initial public offering (IPO). The company plans to list on the New York Stock Exchange under the ticker symbol "CRCL".

OpenAI founder Sam Altman posted another Ghibli-themed AI image on social media 34 minutes ago.

Coinbase Assets said on the X platform that based on a recent review, trading on Media Network (MEDIA) will be suspended at around 02:00 Beijing time on April 16, 2025. MEDIA trading will be suspended on Coinbase.com (simple and advanced trading), Coinbase Exchange and Coinbase Prime. The MEDIA order book has been moved to limit mode. Limit orders can be placed and cancelled, and matching may occur.

In its initial public offering (IPO) prospectus filed on Tuesday, Circle said it acquired the remaining 50 per cent of Centre Consortium, the joint venture responsible for issuing the USDC stablecoin in which Coinbase and Circle were partners, for $210 million worth of shares in 2023. Circle wrote in the "Significant Transactions" section of its IPO prospectus: "In August 2023, at the same time as we signed our partnership agreement, we acquired Centre Consortiu from Coinbase.

According to market news, VanEck has registered a BNB ETF in Delaware.

Crypto miner GoMining recently announced the launch of a $100 million bitcoin mining fund "Alpha Blocks Fund" for institutional investors. The fund, which is managed by digital asset custodian giant BitGo, will provide investors with mining income distribution through a compound computing power strategy and focus on the appreciation model of bitcoin reward reinvestment. A GoMining spokesperson said: "Unlike passive equity investments, the Alpha Blocks fund uses fully managed, compound hash...

"Blob fees", the network's main source of revenue from the Layer2 extension chain, have fallen to their lowest weekly level this year. Etherscan pointed out in a post on the X platform that in the week ended March 30, Ethereum earned only 3.18 ETH (about $6,000 at April 1 prices) through blob fees. This figure is down 73% from the previous week, and has plummeted more than 95% from the peak of 84 ETH in the week of March 16.

On April 2, the Securities Exchange Commission (SEC) told a New York federal court that it wants to "explore potential solutions" to settle its lawsuit against Gemini Trust, a crypto exchange owned by the Winklevoss twins. The SEC and Gemini Trust jointly requested a 60-day extension of the civil lawsuit on Tuesday. Gemini had agreed to pay $5 million to settle with the US Commodity Futures Trading Commission (CFTC) before Trump took office in January. The SEC sued Gemini in 2023, accusing the e...

Mr. Goolsby, the Fed, said hard data on the US economy remained fairly solid. The underlying strength of the economy remained if it could weather this period of uncertainty. The performance of soft data and hard data was very different, and confidence almost collapsed.

Market news: Meta plans to launch its first glasses with a screen as early as the end of this year, priced at over $1,000.

Before Trump announced the tariffs, the National Retail Leaders Association asked the administration to change its focus. The group said it strongly urged Trump to double down on the policies of his first term, such as the Tax Cuts and Jobs Act and the United States-Mexico-Canada Agreement (USMCA), which will reduce costs while delivering growth, while urging Trump to abandon policies that create uncertainty for American businesses and households. Michael Hanson, who leads the group's public aff...

CNBC reporters said on social media that U.S. Treasury Secretary Besson told lawmakers that the tariffs announced on Wednesday were a "cap" and that the tariffs announced tomorrow were the highest level, and then countries could take steps to reduce them.