Daily | Circle IPO at $31 per share; Ethereum Foundation plans to reduce operating expenses to 5% in five years Long-term benchmark
Reprinted from chaincatcher
06/05/2025·15DCompiled by: Jerry, ChainCatcher
Important information:
- Binance Alpha points greater than or equal to 210 can participate in CUDIS TGE activities
- Binance will add observation tags for BIFI, FIS, KMD and MDT
- Bithumb launches Lagrange (LA) Korean won trading pair
- Binance completes Doodles (DOOD) airdrop distribution for BROCCOLI714, TST, 1MBABYDOGE and KOMA coin holders
- El Salvador President Bucker discusses Bitcoin cooperation with White House representatives
- Ethereum Foundation announces fiscal policy, plans to reduce operating expenses to 5% within five years Long-term benchmark
- Circle IPO at $31 per share, raising $1.1 billion to valuate to $6.2 billion
- Beijing Public Security and the Beijing Stock Exchange establish a virtual currency disposal mechanism for the case, sold through the Hong Kong Compliance Exchange and handed over to the Treasury
“What important events have happened in the past 24 hours”
Binance Alpha points greater than or equal to 210 can participate in CUDIS TGE activities
Binance tweeted that the participation threshold for CUDIS TGE has been announced and users need to reach 210 points of Alpha points before they can participate. Participating in this TGE event will cost 15 points.
Binance will add observation tags for BIFI, FIS, KMD and MDT
According to the official announcement, Binance will add observation tags to BIFI, FIS, KMD and MDT.
Bithumb launches Lagrange (LA) Korean won trading pair
According to the announcement of the Korean exchange Bithumb on June 5, the platform will launch the Lagrange (LA) Korean won trading pair at 17:00 on the same day (16:00 Beijing time), supporting Ethereum network recharge. The recharge and withdrawal functions will be opened within 3 hours of the announcement.
According to the official announcement, Binance has now completed Doodles (DOOD) airdrop distribution for users who hold Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Test (TST), Baby Doge Coin (1MBABYDOGE) and Koma Inu (KOMA) tokens on the platform and wallet.
El Salvador President Bucker discusses Bitcoin cooperation with White House representatives
The El Salvador National Bitcoin Office (ONBTC) announced today that President Bucker held talks with White House Representative Bo Hines, and the two sides discussed the cooperation between the United States and El Salvador in the fields of Bitcoin and digital assets. It is reported that Bo Hines' deputy, Patrick J. Witt, also participated in the meeting.
The Ethereum Foundation released its fiscal policy on its official blog. The Ethereum Foundation (EF) mission is to strengthen the Ethereum ecosystem and adhere to its long-standing core goal: to achieve "the application operates exactly as expected and there is no possibility of downtime, censorship, fraud or third-party intervention."
The role of EF treasury is to support the foundation's long-term autonomy, sustainability and legitimacy. The Ethereum Foundation (EF) is expected to continue as a long-term manager of the ecosystem, but its scope of responsibility will gradually narrow. We plan to reduce annual operating expenses roughly linearly over the next five years, ultimately reaching a benchmark level of 5% over the long term.
Funds will be redistributed frequently between different agreements based on market changes, asset diversification demand or new earnings opportunities. Throughout the year, EF will regularly evaluate the degree of deviation of fiat-denominated assets in the treasury from operating expense buffer targets, and based on this, determine whether Ethereum needs to be sold and the number of sold in the next three months. These Ethereum sales are usually carried out through fiat currency withdrawal channels or on-chain exchange for fiat currency denominated assets. Our current strategies include independent staking and providing wETH to mature lending agreements. The core deployment will continue to be evaluated, but the overall position is long-term holding. EF may also borrow stablecoins and seek higher returns on the chain.
Circle IPO at $31 per share, raising $1.1 billion to valuate to $6.2 billion
According to CoinDesk, stablecoin issuer Circle completed an IPO of $31 per share on the New York Stock Exchange, exceeding the original expected pricing range ($24-26), raising $1.1 billion and valuing it at $6.2 billion. The stock code is "CRCL" and trading will begin on Thursday.
The IPO was originally planned to issue 24 million shares, but it expanded to more than 34 million shares due to surge in demand. Circle issued USDC, the second largest stablecoin in the United States, and its listing comes as US lawmakers push for a stablecoin regulation bill.
According to the Capital Public Security Law Public Account, the Legal Corps of the Beijing Public Security Bureau and the Beijing Property Exchange (hereinafter referred to as the "Beijing Exchange") have created a cooperation mechanism for disposing of virtual currencies involved in the case, and jointly signed the "Framework Agreement on Cooperation for Disposal of Virtual Currencies involved in the case", including the virtual currencies involved in the case in the scope of "physical return".
The article stated that in the face of the frequent occurrence of virtual currency crimes in recent years, in response to the practical problems of "the virtual currency involved in the case cannot be directly disposed of and cashed in the domestic market" in law enforcement and case handling, the Legal Corps of the Municipal Bureau and the Beijing Stock Exchange have further expanded the scope of cooperative disposal, and conducted sufficient research and demonstration on such special property involved in the case from policies, regulations and operational paths to explore a new channel for overseas disposal.
That is: the public security organs entrust the virtual currency involved in the case to the Beijing Stock Exchange for disposal. After the Beijing Stock Exchange accepts the entrustment of the public security organs, it selects a professional service agency to detect, receive, and transfer the virtual currency involved in the case, and publicly sell it through the Hong Kong Compliant Licensed Exchange. After completing the approval procedures for the state foreign exchange management, it will be settled and transferred to the public security organ's special account for the funds involved in the case and handed over to the state treasury.
At present, this model has been applied to successfully deal with the virtual currency involved in a case handled by the Shunyi Public Security Bureau.
“What are some great articles worth reading in the past 24 hours”
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Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of June 5th, 19:50:
The top five popular Ethereum tokens in the past 24h are: ZEUS, ZEUS, MIND, KBBB, and GASS
The top five popular tokens in the past 24h are: KBBB, FWOG, SCF, LC, PIE
The top five popular tokens in the past 24h Base are: SKITTEN, Mog, VIRTUAL, SHIB, SLAP
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