Bankless

ROLLUP: Circle IPO Hits $20B | Stablecoin Summer Is On | Trump Wallet Chaos | EF Deploys Special For

45 snips
Jun 6, 2025
Circle's IPO has skyrocketed to a staggering $20 billion, marking Wall Street's growing affection for stablecoins. The chaotic launch of a Trump-linked crypto wallet raises eyebrows, especially with family denials. Meanwhile, Ethereum shifts into overdrive with a new, lean R&D team amid layoffs. Discussions about Pump.fun's controversial $4 billion valuation split opinions, while Ray Dalio's endorsement of Bitcoin adds spice to investment conversations. Plus, comedic casting debates on crypto figures spark laughter and speculation!
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INSIGHT

Circle IPO's Surprising Valuation Surge

  • Circle's IPO valuation surged to $20 billion, tripling initial expectations and signaling massive Wall Street interest in stablecoins.
  • Traditional investors prefer stocks over direct crypto assets like ETH for stablecoin exposure, driving this valuation spike.
INSIGHT

Trump's "Big Beautiful Bill" Deficit Irony

  • Trump's "Big Beautiful Bill" (BBB) ironically increases spending while claiming to cut it, adding $2.4 trillion to the deficit.
  • Even high-profile operators like Elon Musk fail to effectively cut government spending.
INSIGHT

Ray Dalio Recommends Bitcoin Diversification

  • Ray Dalio advises underweighting bonds and overweighting gold and some Bitcoin amid US debt and deficit challenges.
  • Bitcoin is increasingly recognized alongside gold as a portfolio diversifier by mainstream investors.
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