Is crypto some kind of joke to you, Elon Musk? Surely you know that our fractious community hangs onto your every mention of Bitcoin. So why, then, do you torment us so?
Musk, CEO of Tesla, SpaceX and self-titled "Lord" Edge, today tweeted that Bitcoin is his "safe word," which we hoped was a reference to Bitcoin's security as a safe haven asset and a hedge against the US dollar. Nope! Musk tweeted an hour later: "Just kidding, who needs a safe word anyway?!"
Musk further ground our gears into dust when he tweeted a raucous, tasteless! image of a sultry woman whose genitals he had concealed with the Bitcoin logo. Next to the temptress was a monk, to whom Musk could presumably relate, with the caption, "Me trying to live a normal productive life."
At this juncture, Justin Sun, CEO of Tron, cut the tension when he tweeted, "Please consider taking #Bitcoin private at $100,000. Funding secured."
Stablecoin legislation may unlock a slew of new competitors for Circle and its USDC stablecoin in the U.S., but in the realm of decentralized finance, or DeFi, a serious rival is unlikely to emerge anytime soon, according to analysts at investment bank Compass Point.
Although Tether’s USDT is king in emerging markets, Circle’s USDC stablecoin has a dominant presence across the crypto industry’s growing number of decentralized exchanges, lending protocols, and other DeFi settings, analyst Ed Enge...
The Ethereum Foundation has published a new treasury policy that aims to reshape how its reserves are held and invested, seeking to rewrite the playbook in a way better suited to the on-chain world it helped create.
The new set of treasury policies marks two key moves from the non-profit organization that stewards development for the Ethereum ecosystem.
It aims to reduce annual spending from 15% of assets to just 5% by 2030 and will also seek to utilize its treasury for DeFi protocols.
Those pr...
Circle has priced its initial public offering at $31 per share, raising approximately $1.1 billion in an upsized deal that exceeded both initial size and guidance.
The offering values the stablecoin issuer at $6.9 billion based on outstanding shares, with a fully diluted valuation of $8.1 billion including options and warrants.
The company and selling shareholders sold a total of 34 million shares, up from 32 million as of Monday. Circle initially aimed to sell 24 million shares at $24 to $26....
