Circle Eyes $7.2B Valuation in Upsized U.S. IPO Amid Strong Investor Demand

According to the report "From Billions to Trillions: Stablecoins Use Cases Expected to Expand the Market" released by The Block Research, as of 2025, stablecoins have become the most important valuation asset in the cryptocurrency spot market, accounting for over 80% of total trading volume. Compared to the trading pattern dominated by BTC and the US dollar ten years ago, this shift highlights the core position of stablecoins in the current cryptocurrency ecosystem.

Ethereum co-founder Vitalik Buterin responded to Paradigm CTO Georgios Konstantopoulos' viewpoint on the X platform that "cross chain interoperability has been solved at the infrastructure level", stating that only when cross L2 operations can be comparable to native ETH transfers on L1 in terms of censorship resistance, trustlessness, and no need for intermediaries, can they be considered "truly solved". Vitalik calls this the 'no regression principle', emphasizing that the new system must retain the core properties of the original system, otherwise it cannot be considered as having sufficient completion.

BlockBeats News: On June 4th, Musk once again criticized the excessive government spending in the United States on X, stating that "interest payments have already taken up 25% of all government revenue. If large-scale deficit spending continues, fiscal revenue will only be enough to pay for interest, and there will be nothing else! There is no social security, no healthcare, no defense, and nothing else This morning, Musk criticized the US Congressional spending bill: "The current massive, absurd, and politically motivated congressional spending bill is extremely disgusting. Those who voted for it are shameful: you know you did it wrong. This will significantly increase the already huge budget deficit to $2.5 trillion and burden American citizens with unbearable debt. Congress is bankrupting the United States

OKX-MKR is currently priced at $1872.86, with a 5.42% increase over 24 hours. 24-hour transaction volume of 500 million US dollars, up 56.41%, for reference only

OKX will open the spot trading pair USDG/USDT at 9:00 PM (UTC+8) on June 5, 2025. Project Introduction: Global Dollar (USDG) is a USD-backed stablecoin that operates on the Ethereum and Solana blockchains. USDG is issued by regulated providers, backed by secure and liquid assets, and can always be exchanged for USD at a 1:1 ratio. USDG is usable across numerous global exchanges and wallets.