Circle IPO reaches $1.1 billion
USDC issuer Circle is looking to raise $1.05 billion by offering 34 million shares at $31 a share. The move would value the company at $6.9 billion. Brokers have also been granted an option to purchase an additional 5.1 million shares.
This will be Circle’s third attempt at an IPO. The company plans to use the proceeds for taxes, growth, product development and acquisitions. It will not pay dividends and will reinvest the profits. BlackRock aims to take 10% of the shares in the IPO. Circle will begin trading on the NYSE on June 5.
Moscow Exchange Launches BlackRock IBIT-Tracking BTC Futures
The Moscow Exchange (MOEX) has launched Bitcoin futures contracts tied to BlackRock’s U.S.-listed spot Bitcoin ETF IBIT, available exclusively to qualified investors. The contracts, priced in U.S. dollars and set to be settled in Russian rubles in cash, have an initial maturity of September 2025. The product tracks IBIT’s Bitcoin price through derivative contracts rather than direct ETF trading.
The move comes in line with new permissions granted by the Central Bank of Russia to licensed financial institutions to offer crypto derivatives products. The products, which are not yet available to individual investors, are offered as part of a gradual crypto rollout aimed at professional investors. On the other hand, while a state-backed crypto trading platform is planned to be established, Sberbank has also entered the process of developing structured bonds linked to crypto prices.
Pakistan’s Bitcoin Reserve Plan for Trump’s Crypto Team at the White House
Pakistan’s Minister of Crypto and Blockchain Bilal bin Saqib met with US President Donald Trump’s Digital Assets Council Executive Director Robert “Bo” Hines at the White House. The meeting discussed cooperation in the field of digital assets and plans for Bitcoin-based infrastructure between the two countries.
“I am on a mission to make Pakistan a global leader in digital assets. We are building a true digital transformation framework, from our Strategic Bitcoin Reserve to the opening of infrastructures for crypto mining and AI data zones,” Saqib said in a statement after the meeting. Hines stated that the US is aiming for global leadership in digital assets.
Semler Scientific’s Bitcoin Assets Reach 4,449 BTC
Semler Scientific continued its crypto investment strategy by purchasing another 185 Bitcoins for $20 million between May 23 and June 3, 2025. This purchase was financed through the company’s initial public offering program, which has raised $136.2 million to date.
With this latest investment, Semler’s total Bitcoin assets have increased to 4,449 BTC. The total value of the company’s BTC portfolio is approximately $467 million based on Bitcoin’s current price of around $105,000. The average purchase price per Bitcoin is $92,158. Semler has returned 26.7% on its BTC investments since the beginning of 2025. Despite this, the company’s shares have fallen 35% since the beginning of the year.
Webus Files $300 Million for XRP Reserves with the SEC
China-based Webus International, which is traded on Nasdaq, has filed with the SEC for a $300 million XRP reserve strategy. The plan, disclosed in a 6-K form, includes the company’s strategic agreement with Samara Alpha Management and the establishment of an XRP-focused treasury. The financing will be provided by cash reserves, bank loans, shareholder guarantees and institutional credit facilities.
With this move, Webus aims to support low-cost and instant cross-border payments. The company also plans to establish an infrastructure that includes blockchain wallets and Web3 loyalty tokens. CEO Nan Zheng stated that the XRP application could revolutionize passenger and service provider payments.
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BITCOIN(BTC)
Bitcoin formed a horizontal structure below the 107.319 resistance after breaking the rising trend support. There is currently an accumulation view in the 105,000–106,000 band. Below, the 101.315 and 94.915 levels are critical support. Above, it is difficult to talk about a clear momentum unless 107.319 is exceeded. The direction of consolidation will be decisive for investors.
ETHEREUM(ETH)
The Ethereum price is progressing in a horizontal consolidation process in the range of 2,400–2,750. While the squeeze in this blue zone range draws attention, the levels of 2,400 below and 2,750 above are important thresholds. The level of 2,097 below is also positioned as a strong demand area. If the price breaks upwards within this wide band, 2,900 and above can be targeted. However, in case of a downward break, the 2,097 support zone will enter our radar.
RIPPLE(XRP)
XRP recovered to 2.30 with the reaction it received from the 2.05 support, but faced selling pressure in this region and retreated to 2.20 levels. The price is currently moving in a neutral structure. While the bullish scenario remains valid as long as it stays above the 2.05 support, the bullish momentum may increase if it closes above 2.30. Otherwise, 2.05 can be tested again.
AVALANCHE(AVAX)
Avalanche broke down from the support zone at 21.48 and fell to 20.22. While this breakout technically signals weakness, if the price cannot hold in this zone, the pullback towards liquidity pools at 19.50 and below may deepen. If the price rebounds above 21.48, this breakout will be confirmed as a “fakeout” and the possibility of an upward correction will increase.
SOLANA(SOL)
Solana came under downward pressure with the loss of horizontal support at 166.26 and is currently trading at 153.31. The price is approaching the 146.00–143.00 area (orange box), where buyers were previously concentrated. This area should be watched as a strong demand area. If the price drops to this support area, a reaction purchase is likely to come from here. Above, the first resistance is 166.26; if it is broken, the 176.27 level may come to the fore again.
