Circle Stock Skyrockets on Debut as NYSE Halts Trading

Strategy has expanded its STRD preferred stock offering to $1 billion, with a 10% dividend, priced at $85 per share. This marks the third preferred stock type introduced by the company this year, with unique features and benefits. STRD is non-callable and does not allow missed dividend payments or conversion to common shares.

Allegations made by Elon Musk regarding President Trump's involvement in Epstein files have caused a rift, impacting meme coins tied to both figures. The Official Trump token and Dogecoin have seen significant drops in value, ranking among the worst performing assets.

Bitcoin remained stable after the Bureau of Labor Statistics reported a steady job market in May, with employers adding 139,000 jobs. Ethereum, XRP, Solana, and Dogecoin experienced varying price drops in the past 24 hours, with Bitcoin falling 1.5% to $103,919.

The FCA will allow UK consumers access to cETNs, expanding digital asset opportunities. The regulator aims to compete globally by considering high-risk investments and monitoring market developments.

Donald Trump and Elon Musk are clashing again, with tensions boiling over on X, where Trump has been lobbing criticism and Musk has fired back. With the feud heating up, could Trump’s X account face another suspension?

Meta's Oversight Board has ordered the removal of a Facebook post featuring a deepfake video of Ronaldo Nazário promoting an online game, citing a violation of fraud and spam standards. The decision underscores Meta's inconsistent enforcement of policies on deceptive content.

Circle's stock soared on its NYSE debut, raising $1.1 billion and closing with a market cap of $18.4 billion. Trading under CRCL, it opened at $69, peaked at $103.75, and closed at $83.23, a 168% increase from its IPO price.

Yuga Labs CEO Greg Solano proposed dissolving the ApeCoin DAO and transferring governance to a new entity called ApeCo. The plan aims to refocus resources on the APE ecosystem's core pillars and high-quality initiatives, following criticism of the DAO's governance effectiveness.

The website for a crypto wallet linked to Trump's meme coin went dark after receiving a cease and desist letter from another Trump-related crypto project. Trump's sons were unaware of the partnership with Magic Eden for the wallet, as they were developing their own Trump-branded crypto wallet.

Bitcoin and major altcoins experienced a decline due to concerns about the trade war, U.S. economic indicators, and tensions between Trump and Musk. Despite Circle's successful debut, the market saw a 4% drop in Bitcoin's value, with altcoins like SOL and XRP also facing volatility.