All of this happened in crypto last week š
1ļøā£ Circle files IPO prospectus with SEC.
"The company reported revenue and reserve income of $1.68 billion for last year, compared with $1.45 billion in 2023. Net income from continuing operations was nearly $157 million in 2024 versus $271.5 million in the previous year."
2ļøā£ SEC & Gemini seek 60-day pause on $900M lending case.
"Gemini was sued by the SEC in January 2023 for allegedly offering unregistered securities through its Earn product. Genesis Global Capital, also sued by the SEC, settled for $21 million in March 2024, resolving its involvement in the case."
3ļøā£ Tether bought 8,888 BTC in Q1, bringing its holdings to $7.8B.
"Onchain transaction data shows that Tether moved its newly acquired Bitcoin, worth roughly $750 million at the time of writing, from a Bitfinex address to a wallet it controls."
4ļøā£ Justin Sun called for urgent reform of HK trust laws after TUSD and FDUSD drama.
"It was a battle of stablecoin issuers Thursday afternoon in Hong Kong, with Justin Sun, the founder of the Tron blockchain, and First Digital Trust (FDT), a Hong Kong-based fiduciary, holding press conferences over allegations of fund misappropriation involving Techteryx's TrueUSD reserves."
5ļøā£ Senate banking panel votes to advance Paul Atkins to chair the SEC.
"In a party-line vote, the committee voted 13-11 to approve Paul Atkins as chair of the U.S. Securities and Exchange Commission and Jonathan Gould as U.S. comptroller of the currency."
6ļøā£ HBAR & OnlyFans Founder bid to acquire TikTok.
"Zoop, the social app created by OnlyFans founder Tim Stokely, and the HBAR Foundation have reportedly submitted a bid to purchase the video-sharing app TikTok in the United States."
7ļøā£ House FSC votes to advance stablecoin bill.
"Eventual approvals in both the overall House and Senate would let lawmakers start melding the two versions into a unified piece of legislation that could get a final nod."
8ļøā£ Babylon to airdrop 600M BABY tokens in TGE.
"More than $21 million worth of Bitcoin was unstaked from the Babylon protocol in the 24 hours after the platformās token airdrop, according to blockchain data shared by a developer."
9ļøā£ GameStop raises $1.5B in convertible notes to buy BTC.
"GameStop has completed a $1.5 billion convertible note offering, confirming its plan to buy Bitcoin as part of its corporate treasury strategy. The company raised more than its initial $1.3 billion target by including an optional $200 million in additional notes."
š Pitchbook: VC could invest $18B into crypto projects in 2025.
"PitchBook forecasts that crypto VC funding will surpass $18 billion in 2025, nearly doubling the $9.9 billion annual average from the 2023 to 2024 cycle."