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- 🚨 Beyond the Hype: Trends, Truths & the Future of Crypto
🚨 Beyond the Hype: Trends, Truths & the Future of Crypto
CoinGape Media
May 27, 2025
News
USDC stablecoin issuer Circle has finally applied for the Initial Public Offering (IPO) for listing “CRCL” stock on the New York Stock Exchange (NYSE). This development comes as the firm puts to rest the rumors of a potential acquisition by Coinbase or Ripple. Furthermore, the Circle IPO announcement comes just as the stablecoin bill, aka the GENIUS Act, is just one step away from becoming a law.
Trump Media and Technology Group Corp is planning a $2.5 billion private placement offering to expand its Bitcoin treasury. The company agreed to issue approximately $1.5 billion in common stock and $1.0 billion in zero-coupon convertible senior secured notes to nearly 50 institutional investors. Following this announcement, Bitcoin price has breached the $110,000 resistance after a period of bearish price trend.
Markets
A popular angel investor and analyst believes that ongoing XRP price consolidation could be calm before the storm that could result in a parabolic move. He cited its strong technical formations and fundamental triggers that could push it higher if key conditions were met.
The big-picture outlook for Bitcoin (BTC) price remains strong, as it trades above $110,000 today. A bullish data point that paints this optimistic outlook is the significant drop in over-the-counter BTC balances over the years. To be precise, the OTC balance has decreased by 371K, valued at nearly $40.8B at press time.