Don't want to reveal my liquidation price in case Trump announces a fake 0% capital tax gains on crypto and they pull out the exit pump to liquidate my shorts before the collapse.
(THEDAILYUPSIDE) BLOCKCHAIN Circle Plans IPO as Stablecoins Flex Market Muscle Circle is living up to its name: After scrapping its SPAC plans three years ago, the stablecoin issuer completed a 360-degree turn and filed for an IPO yesterday. Circle could reportedly debut on the NYSE as soon as next month and is eyeing a valuation of up to $5 billion — a $4 billion drop from its SPAC era. Still, it’d be the crypto industry’s largest IPO since Coinbase went public in 2021. Circle said its SPAC attempt “simply termed out” after multiple extensions, but the Financial Times reported the SEC didn’t approve the deal. Following POTUS’ pro-crypto overhaul of the SEC, Circle could get a warmer welcome this time around. Around and Around Circle’s stablecoin, USDC, which like many stablecoins is pegged to the US dollar, is the second-largest stablecoin behind Tether, with roughly $60 billion worth in circulation. While Tether dominates stablecoins with 67% market share, USDC is gaining ground fast: Its market cap surged 36% this year, while Tether gained 5%. Coinbase, which has a deal to pocket half of USDC’s revenue, said it plans to push the stablecoin into the No. 1 spot. The stablecoin market expanded nearly 50% last year and has gained more than 10% so far this year as investors pile into the digital asset. Though stablecoins are generally perceived to be less volatile than other cryptocurrencies (especially memecoins), they could still carry risk. USDC depegged from the US dollar in 2023, temporarily trading below 87 cents, following the collapse of Silicon Valley Bank. Coinbase paused redemptions of USDC after traders cashed out $1.6 billion worth. The year before, stablecoins’ rep was hurt when TerraUSD dramatically depegged from the US dollar, losing virtually all of its value. But while USDC depegged because a chunk of its reserves was tied up at Silicon Valley Bank, TerraUSD wasn’t backed by real-world assets. The Gateway Crypto: The crypto industry is setting stablecoins up as the safer, more reliable alternative to traditional cryptos. Financial institutions are on board, with JPMorgan Chase and Citigroup underwriting Circle’s IPO. So is Washington: A bill regulating stablecoins was approved by a Senate committee last month, and a House committee is expected to vote on parallel legislation today. If stablecoins can live up to their name, they could have a halo effect on the wider crypto industry. Written by Jamie Wilde
What? I thought it was going to zero. What is this liquidation price you speak of? But congrats man! I didn't know that billionaires and presidents and guys that fuck super-models paid attention to your short-positions. You obviously are very important!
Not zero, just sub $10K. It's beyond obvious at this point that mr. Howard Lutnick is the scapegoat. The guy responsible for the tariffs and the only "reputable" person ever to bank Tether and vouch for them claiming they have the money(even though he later pulled out under oath saying they do not audit their financials).
you want a safe haven? RosyBucks to the rescue. Available on 4 chains https://hashscan.io/testnet/token/0.0.5784592 https://lora.algokit.io/testnet/asset/733455311 https://suiscan.xyz/testnet/object/...30a9c79c4afeb72898128110c1b75a5d370/tx-blocks https://explorer.solana.com/address...r5sEMVU55hjwd63NsF43/transfers?cluster=devnet
Who is "They"? Why are "they" trying to give Bitcoin a "safe haven" impression? Why would "they" stop?