Trump vs Musk: The Crypto Showdown You Didn’t Know You Needed! 😱💥

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Welcome to this week’s crypto circus, where the clowns are tech billionaires and the ringmaster is… well, probably Elon Musk. Seriously, who knew a feud between Musk and Trump could be more entertaining than a cat video? 🐱💻

In the latest episode of “As the Crypto Turns,” meme coins are taking a nosedive while Circle is strutting its IPO stuff like it’s the hottest thing since sliced bread. Spoiler alert: it is! They raised a whopping $1.1 billion, which is more than I’ve ever seen in my bank account. 💸

Meanwhile, institutional investors are suddenly all about Bitcoin, like it’s the new avocado toast. Japan’s Metaplanet is diving in with a jaw-dropping $5.3 billion BTC acquisition plan. I mean, who needs a savings account when you can just buy Bitcoin, right? 🤷‍♀️

And let’s not forget the UK is finally lifting its retail crypto ETN ban. It’s about time! Now we can all pretend to be financial wizards without the pesky regulations. 🧙‍♂️✨

Also from MAGA world…

  • The Trump family is throwing a tantrum over a disputed Trump-branded crypto wallet. Because nothing says “I love my dad” like a cease-and-desist letter! 📜
  • Donald Trump Jr., Eric Trump, and Barron Trump have all disavowed the $TRUMP Wallet project. Talk about family drama! 🍿

Circle prices IPO above expected range

  • Circle announced its IPO price at $31, which is like finding a $20 bill in your old jeans. They raised about $1.1 billion, which is above the estimated range of $24-26. Who knew IPOs could be so lucrative? 💰
  • They expanded their share offering from 24 million to approximately 34 million. More shares, more fun! 🎉

Strategy upsizes preferred stock offering to $1 billion

  • Strategy decided to go big or go home, raising its STRD issuance from $250 million to $1 billion. At $85 per share, they’re practically giving it away! 🤑
  • They also splurged about $75 million on an extra 705 BTC. Because why not? More Bitcoin, more problems! 😅

Semler Scientific also adds Bitcoin to its coffer

  • Semler Scientific bought 185 BTC for $20 million. That’s like buying a fancy coffee every day for a year, but instead, they bought Bitcoin. ☕️💸
  • This brings their total holdings to 4,449 BTC. They’re basically the Bitcoin hoarders of the scientific world! 🧪

UK proposes lifting retail crypto ETN ban

  • The Financial Conduct Authority is finally proposing to lift limitations on cryptocurrency exchange-traded notes (cETNs) for retail users. Welcome to the future, folks! 🚀
  • This change would align the UK with the U.S., Canada, Hong Kong, and the EU. Because who doesn’t want to be part of the cool kids’ club? 😎

Singapore court rejects WazirX restructuring plan

  • The Singapore High Court said “nope” to WazirX’s restructuring plan aimed at recovering from last year’s $230 million security exploit. Ouch! That’s gotta hurt! 😬
  • WazirX is considering an appeal. Because when life gives you lemons, you make a legal case, right? 🍋⚖️

Ripple’s RLUSD gains Dubai regulatory approval

  • Ripple’s U.S. dollar-pegged stablecoin RLUSD just got the green light in Dubai. It’s like getting a VIP pass to the coolest party in town! 🎟️
  • This approval expands Ripple’s Middle Eastern footprint. They’re basically the new kids on the block, and everyone wants to be their friend! 🤝

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2025-06-08 22:08