Circle IPO, Musk-Trump split, Ethereum ETF attracts $300 million: funds focus on stablecoins and mainstream assets

The trend of the crypto market this week was affected by multiple events, including Circle's official IPO , changes in the flow of Ethereum and Bitcoin ETFs, split positions of US politicians on crypto assets, and the public dispute between Musk and Trump. These events not only affect market sentiment, but also have a substantial impact on the flow of funds for stablecoins, meme coins and mainstream assets. Although the overall market has not yet seen a clear trend reversal, signs of structural capital layout have emerged, and the regulatory environment and narrative core of crypto assets are gradually changing.

Circle IPO releases policy dividend signal, and the stablecoin track enters the compliance acceleration race

On June 5, Circle, the issuer behind the stablecoin USDC , was officially listed on the New York Stock Exchange with the code "CRCL", becoming a milestone in the stablecoin industry. The IPO was priced at $31 per share, far higher than the originally expected range of $27-28. It opened at $69 and climbed to an intraday high of $103.75, closing at $83.23, a first-day increase of 168%. This "25 times oversubscribed" IPO successfully raised $1.05 billion, and subsequent trading continued to be strong, rising to $107.70 on the second day.

Circle's successful listing has multiple strategic significances. As the issuer of USDC (the second largest stablecoin with a market value of more than $60 billion), its listing brings compliance endorsement to the entire stablecoin industry, symbolizing the regulator's formal recognition of the stablecoin infrastructure. This move also injects confidence into the IPO plans of exchanges such as Kraken and Gemini. NYSE President Lynn Martin called it "a weathervane for the IPO market in 2025." At the same time, Circle's listing provides a direct channel for institutional funds to enter the stablecoin economy. Well-known institutions such as ARK Investment Management have expressed plans to invest $150 million.

The dividends at the policy level are beginning to emerge. The U.S. Senate has restarted the review of the stablecoin bill, and the discussion on the regulatory framework between the Treasury Department and the Federal Reserve has heated up again. JPMorgan estimates that the stablecoin market size will grow to US$500-750 billion in the next few years, and USDC may become one of the core candidates for the future digital dollar. Relatively speaking, the current market value of the largest stablecoin Tether USDT There are still disputes over transparency and asset endorsement, and the policy advantage may gradually shift to the Circle camp.

Further reading: BingX Circle IPO (2025): A complete analysis of CRCL, valuation and its significance to the crypto market

Musk and Trump fall out, cryptocurrency market value shrinks by about $80 billion

In early June, a public rift emerged between Musk and Trump. The conflict was sparked by Musk's strong criticism of Trump's large tax and spending bill, which he denounced on the X platform as a "disgusting atrocity" that would further increase the US's $3.62 trillion debt burden. Trump publicly expressed his disappointment in an Oval Office meeting on June 5, saying "We had a great relationship, but I don't know if it will continue." Musk immediately fought back, claiming that "without me, Trump would lose the election." The conflict escalated quickly, with Trump threatening to "terminate Musk's government subsidies and contracts," and Musk publicly supporting Trump's impeachment.

This public split between the political and business giants has had a multi-faceted impact on the cryptocurrency market. On June 5, the price of Bitcoin fell from its high to an intraday low of $100,436 (UTC time), a single-day drop of about 3%, and the total market value of the entire cryptocurrency market shrunk by about $80 billion. The more far-reaching impact lies in the market structure. As an important opinion leader in the cryptocurrency field, Musk's breakdown in relations with the government has raised questions about future policy support, especially in promoting the Bitcoin strategic reserve policy and cryptocurrency-friendly regulation. The influence has been greatly weakened.

The meme coin sector was hit the hardest. The price of Dogecoin, which is closely related to Musk, (DOGE) fell from about $0.19 to $0.16 during the conflict, a drop of about 12.5%. Trump coin, a meme coin with the Trump concept, was also under pressure, reflecting the vulnerability of such assets to the break in political narratives. In contrast, mainstream assets such as Bitcoin and Ethereum are more resilient to declines, highlighting that institutional investors' confidence in infrastructure-based crypto assets has not been fundamentally shaken by political turmoil. Tesla's stock price plummeted 14.3%, and its market value evaporated by about $150 billion. Musk's personal net worth shrank by $34 billion, reflecting market concerns about the prospects of government contracts.

Bitcoin and Ethereum ETF fund flows diverge, and the market structure enters a period of adjustment

Despite the short-term disruptions from political and economic events, the ETF market presents a complex pattern of capital flows. According to Farside Investors data, Bitcoin ETFs experienced significant fluctuations from late May to early June. BlackRock’s Bitcoin ETF On May 30, it hit a record of $430.8 million in a single day, ending a 31-day streak of inflows. However, according to Bloomberg data, Bitcoin ETFs performed strongly overall in May, with IBIT recording the largest monthly inflow since its launch in January 2024, attracting more than $6.35 billion in net inflows that month, bringing total assets under management to more than $71 billion.

Ethereum ETFs have shown a completely different performance. According to Farside Investors data, BlackRock's Ethereum ETF recorded a single-day inflow of $77.06 million on June 3, driving a total of $109.4 million in inflows into the Ethereum ETF on the same day. BlackRock's Ethereum ETF has accumulated inflows of more than $4.73 billion since its launch, and has recorded inflows for 12 consecutive trading days since May 15. This rotation of funds reflects investors' expectations for the "Ethereum season". The price of Ethereum has rebounded strongly from $1,800 in early May to more than $2,600, a monthly increase of 45%, mainly driven by the successful implementation of the Pectra hard fork upgrade and the market's optimistic expectations for the tokenization trend.

In terms of technical indicators, the Bitcoin Relative Strength Index (RSI) remained in the 68-72 range, and the Fear and Greed Index fluctuated around 65, reflecting cautious and optimistic market sentiment. Bitcoin formed an important support level at $108,000, and the resistance range was between $110,800 and $112,000. ETH formed a bull flag pattern, and analysts believed that if it broke through the psychological barrier of $3,000, the next target would be the $3,500 range. Institutional investors are showing a more refined asset allocation strategy, shifting from a simple Bitcoin allocation to a Bitcoin-Ethereum dual-core allocation model.

Conclusion: Cautious optimism amid structural change

This week's market showed a subtle "structural optimism". Mainstream assets maintained relative strength with the support of policy dividends and institutional allocations, while meme coins and political concept coins saw fund rotation and adjustment. Circle's IPO represents the formal recognition of the stablecoin infrastructure by the regulatory side, and also paves the way for future crypto compliance; at the same time, the differentiated flow of ETF funds and the continuous rebound of Ethereum prices provide substantial signals about the improvement of market maturity.

However, political uncertainty and narrative ruptures still put pressure on some asset classes. The conflict between Musk and Trump has sounded the alarm for the market, reminding investors to distinguish the gap between narrative and fundamentals. Technical and market sentiment indicators are generally in the "healthy but cautious" range. Whether the market can continue to hit new highs will depend on US economic data, the progress of Ethereum ETF review, and the evolution of the political situation.

In this context, investors are advised to focus on the intersection of capital flows and narrative evolution, maintain a high sensitivity to macro and policy signals, and adopt flexible strategies to respond to market rotation. Mainstream assets still have room for performance, but the entry rhythm and position structure need to be designed more prudently. The current market is in a critical transition period from political drive to fundamental drive, and this transition itself contains new investment opportunities and risks.

About BingX

Founded in 2018, BingX is a leading global cryptocurrency exchange, providing diversified products and services such as spot, derivatives, copy trading and asset management to more than 20 million users worldwide. In 2024, BingX became the official partner of Chelsea Football Club, a strong Premier League team, demonstrating the brand's international layout.

The platform also regularly provides mainstream currency price forecasts such as Bitcoin and Ethereum to meet the needs of different levels from novices to professionals. BingX is committed to creating a trustworthy trading environment and providing innovative tools and functions to enhance users' trading capabilities.

The BingX official community brings together users from different backgrounds, and updates market information, strategy analysis, and practical viewpoints every day. It also shares teaching content and practical tools from time to time. Come join this all-round intelligence station where you can watch the market, learn trading, and receive benefits.

(The Memecoin project is extremely volatile and risky. This article is intended to introduce this project, but the price of its tokens may fluctuate drastically in a short period of time, or even return to zero. Investors should fully understand and bear all potential risks. Before making any investment decision, be sure to conduct detailed independent research and consult professional financial advisors. The information contained in this article does not constitute any investment advice.)

Imagine changing your life with just a small investment. With the market generally expecting a big rally in 2025, the following four digital currencies are expected to surge by 50,000%. This article reveals these potential tokens that may turn your $50 today into amazing wealth.

XYZVerse leads a new trend, the next 50x meme coin?

The popularity of XYZVerse cannot be underestimated. It is believed to break the record of meme coins, and its listing goal is to achieve a 50-fold growth.

Pre-sale is currently in full swing, and early bird investors can purchase $XYZ tokens at a discount far below the expected listing price.

Bullish sentiment on $XYZ

XYZVerse is listed on CoinMarketCap , where 95% of voters are optimistic about $XYZ's rise.

Well-known KOL DanjoCapitalMaster (nearly 800,000 followers) also publicly endorsed XYZVerse, calling it a "shot to the moon" opportunity.

More than just a meme coin

Unlike most meme coins that follow the trend, XYZVerse combines sports passion with meme culture. The effect is remarkable - the pre-sale progress is very fast, and early buyers lock in chips at a very low cost.

The pre-sale is still ongoing and the demand is strong. The price has risen from $0.0001 in the first phase to $0.003333 in the twelfth phase, and more than 70% of the $15 million target has been raised. If the final pre-sale price reaches $0.1, the potential benefits will attract much attention.

There is still time to grab the last pre-sale train!

XYZVerse has a long-term sustainable token economy: 15% for liquidity, 10% for airdrop rewards, and 17.13% will be burned to reduce supply and increase demand.

Community-driven initiatives

XYZVerse recently launched an ambassador program, where supporters can earn free tokens, and the team is also in talks with sports celebrities to increase exposure. The partnership with decentralized sportsbook bookmaker.XYZ further proves that $XYZ has real-world application scenarios.
The cooperation includes: $XYZ holders enjoy exclusive insurance when they make their first bet - participating in the ecosystem will gain value-added benefits.

By connecting traditional sports fans with the high-speed crypto market, XYZVerse is creating a new experience that combines entertainment and authentic engagement.

Can XYZVerse become the next super meme coin?

With a fast-growing presale, a solid community, and an ambitious roadmap, XYZVerse has great potential. Crypto markets are unpredictable, but many investors see this as an opportunity to get in early. The presale will not be open forever - those interested should take advantage of this opportunity to study it further.

Join XYZVerse today and seize the next moonshot opportunity!

NEAR Protocol: Bringing Speed ​​and Ease of Use to Decentralized Applications

NEAR Protocol was founded by Alex Skidanov and Illia Polosukhin, and makes blockchain faster, cheaper and more user-friendly through technologies such as Nightshade sharding, Rainbow Bridge and Aurora (Layer 2 solution).
In a market where high fees and slow transactions are still common, NEAR stands out for its scalability and compatibility. Its technological advantages and strong financial backing make NEAR tokens an attractive option.

Sui: A new generation of friendly blockchain that subverts experience

Sui focuses on a secure, powerful and massively scalable Layer 1 blockchain. Its unique object-oriented data model and Move language solve the common pain points of other chains.
Features such as zkLogin, sponsored transactions, and programmable transaction blocks make user interaction smoother. Sui’s insistence on “ease of use” gives it an advantage in the market that values ​​experience.

Sei: A high-speed blockchain built for transactions

Sei is the first Layer 1 blockchain focused on transactions, with a single transaction finality of only 380 milliseconds and support from large institutions. If the high price forecast is achieved, the growth rate in 2030 is expected to reach 323.76%.
In a market environment that seeks faster and more secure ways to trade, Sei's dedicated positioning makes it a promising prospect.

in conclusion

NEAR, Sui, and Sei all have potential, but XYZVerse (XYZ) is striving for 20,000% growth by combining sports fandom and meme culture, and is unique in its community-driven ecosystem.

More XYZVerse (XYZ) News:
https://xyzverse.io/ | https://t.me/xyzverse | https://x.com/xyz_verse

Bitget, a leading cryptocurrency exchange and Web3 company, recently released the 2025 Anti-Fraud Research Report in collaboration with blockchain security companies SlowMist and Elliptic. The report revealed that global losses from crypto fraud surged to $4.6 billion in 2024, with deepfake technology and social engineering techniques becoming the main means of high-value theft. The report also marks the official launch of Bitget's "Anti-Fraud Month" - a one-month initiative to enhance security education and overall ecological awareness.

AI scams evolve: from phishing emails to fake videos and Trojan job openings

The report points out that AI-driven fraud has evolved from traditional phishing emails to fake Zoom videos, synthetic videos of public figures, and fake job invitations with hidden Trojans. The report lists three major types of fraud, including deep fake impersonation, social engineering scams, and Ponzi schemes disguised as DeFi or NFT, which are the main reasons for user losses. The funds obtained from the fraud are usually transferred to cross-chain bridges and currency mixing tools for money laundering, further increasing the difficulty of law enforcement and fund recovery.

Cross-border fraud cases and social media platforms have become a new breeding ground for phishing

The report also includes analysis of several large-scale fraud cases from Hong Kong, and points out that Telegram and X (formerly Twitter) message areas are gradually becoming the entry point for fraud. In addition, the report also points out that the number of transnational fraud groups operated by professional teams continues to increase.

Bitget CEO Gracy Chen said:

“The biggest threat facing the crypto world today is no longer volatility, but fraud. AI makes fraud faster, cheaper, and harder to detect. This is why we launched Anti-Fraud Month and the mission of this report. We believe that only by working together with technology and the ecosystem can we truly protect users.”

Technical joint defense: Bitget security line collaborates with the industry

The report further explains how Bitget proactively reduces risk through its “Anti-Fraud Center,” innovative detection systems, and a user protection fund of over $500 million. SlowMist provides on-chain forensic analysis of fraud strategies, including address poisoning, Trojan job openings, etc. Elliptic studies cross-chain money laundering techniques and fund flow patterns on mixing platforms.

Arda Akartuna, Senior Threat Researcher at Elliptic Asia Pacific, said:

“Criminals are constantly evolving their fraud methods and using AI technology to conduct large-scale attacks. Therefore, we must also upgrade our tracking and identification capabilities. Our partnership with Bitget is a reflection of this shared sense of urgency.”

Lisa, Head of Security Operations at SlowMist, added:

“This report reflects the real trends we observe on the chain every day. Whether it is phishing scams or fake staking projects, the methods are varied, but the psychological routines remain the same. Users must always remain vigilant and security-conscious.”

About Bitget

Founded in 2018, Bitget is the world's leading cryptocurrency trading platform and Web 3 company. Currently, Bitget provides services to more than 100 countries and regions around the world, helping more than 45 million users to achieve "smart" trading through a variety of trading solutions such as leading copy trading services. Bitget Wallet , formerly known as BitKeep, is a world-class multi-chain crypto wallet that provides a range of Web3 solutions and interactive functions, integrating wallets, Swap, NFT markets, DApp browsers, etc. Bitget encourages individuals to embrace cryptocurrencies by working with trusted partners, including being the official cryptocurrency partner of the world's top professional football league La Liga in East Asia, Southeast Asia and Latin America, as well as Olympic athlete partners such as wrestling world champion Buse Tosun Çavuşoğlu, boxing gold medalist Samet Gümüş and volleyball national team member İlkin Aydın.

Bitget official website | X | Instagram

About Bitget Wallet

Bitget Wallet is the world's leading decentralized Web3 wallet, serving more than 80 million users. It supports more than 130 mainstream public chains and millions of crypto assets, and provides one-stop asset management, trading, market data, DApp browsing, financial management and payment functions. The wallet aggregates hundreds of decentralized trading platforms and cross-chain bridges, and supports multi-chain interaction. Bitget Wallet has established a $300 million user protection fund to enhance asset security.

Bitget Wallet official website | X

(The Memecoin project is extremely volatile and risky. This article is intended to introduce this project, but the price of its tokens may fluctuate drastically in a short period of time, or even return to zero. Investors should fully understand and bear all potential risks. Before making any investment decision, be sure to conduct detailed independent research and consult professional financial advisors. The information contained in this article does not constitute any investment advice.)

The meme coin market has remained hot since entering June. With Pepe and Bonk both rebounding by more than 7% today, funds have begun to show signs of rotation. Short-term traders have returned to the battlefield, and Floki has also begun to attract attention with its strong rise of 7%. In addition to these well-known meme coins, a dark horse named Solaxy ($SOLX) has become a candidate for the "next 100x coin" in the eyes of many investors with its high-speed pre-sale and innovative technology integration. From fundamentals to market reactions, these four names are interweaving the starting point of a new round of skyrocketing.

Pepe : Breaking through the counter-pressure and rekindling market confidence

The price of Pepe (PEPE) has recently risen to $0.00001267, a 7% daily rebound, which not only broke through the short-term pressure level, but also attracted a large number of technical buyers. Although it is still in a downward channel from the performance of the first half of the year, the continuous rebound has ignited the enthusiasm of speculative funds. The technical chart shows that if it can stand above $0.000013, it is not a luxury to challenge the medium-term pressure zone of $0.00002113 to $0.00003026 in the future.

Currently, the RSI is around 40. The momentum has not yet completely reversed, but it has shown a bottoming signal. For investors who like swing trading, Pepe is currently in a typical testing range, and there are short-term entry and exit opportunities.

Bonk : The decline has stopped, waiting for the key volume to increase

Bonk (BONK) is now trading at $0.00001760, up 6.8% on the day. Although slightly inferior to Pepe, considering that Bonk once pulled back by more than 20% in the past week, this rebound may be the beginning of a bottoming signal. The support level is about $0.00000885. If it can increase its volume and break through $0.0000296, it is expected to open up more upside space.

From a technical perspective, the RSI is still in a low consolidation, and the bearish momentum has not completely dissipated. However, its high degree of integration with the Solana ecosystem and the active community driving force make Bonk still have the potential to rebound in the future.

Floki : A strong rebound, community funds shifted synchronously

Floki (FLOKI) also surged 7% last night, and the current price is $0.00009, showing upward momentum in sync with other meme coins. This rebound is not an isolated phenomenon, but a natural fermentation under the promotion of the community and the improvement of the market atmosphere. Unlike Pepe's high-speed rotation and Bonk's bottoming stage, Floki's trend is closer to "continuous slow rise", which has the willingness of mid-term capital layout.

Floki's strengths lie in its brand narrative and cross-border joint marketing, as well as its "meme + practicality" hybrid model, which often allows it to seize funding opportunities in the early stages of the bull market. If the subsequent price can stabilize above the $0.0001 mark, there will be an opportunity to open up greater mid-term space.

Solaxy : Pre-sale attracted 46.5 million US dollars, and the last 5 days of pre-sale are left

Solaxy (SOLX) , a Layer-2 project built on Solana, combines zero-knowledge aggregation technology with a low-fee architecture. It has raised more than $46.5 million in pre-sale, an increase of more than 73%. Although it has not yet been listed on mainstream exchanges, its expansion potential in DeFi, games and cross-chain applications has aroused great market interest. There are only five days left in the pre-sale, which is the only investment opportunity this year that can be seized to increase by 100 times.

Solaxy not only provides staking rewards to attract early users, but also has a clear Layer-2 launch roadmap. If successfully implemented, it is possible to become a key infrastructure for the Solana ecosystem. Unlike traditional meme coins, it combines basic technical value with topical narratives and has long-term imagination space.

Buy Solaxy from the official website

Conclusion: Funds return to memecoins, Solaxy and Floki lead the way

From the overall trend, although Pepe and Bonk rebounded first, Floki and Solaxy have more obvious potential in the medium and long term. Pepe has a clear short-term rhythm and is suitable for fast-forward and fast-exit; Bonk is still in the observation period and still needs volume support; while Floki's slow upward trend and Solaxy's strong pre-sale momentum are more like core seed options that can lead the next wave of bull market.

In June, when the market atmosphere is warming up, these meme coins are worth paying attention to, whether they are short-term or pre-positioned, with potential 100-fold opportunities. Don't wait until they really take off before regretting not entering the market. Now, it depends on which one the smart people choose.

Disclaimer

Cryptocurrency investment is high risk and price fluctuations are large, which may result in capital loss. This article is for reference only and does not constitute investment advice. Please do your own research ( DYOR ) and make decisions carefully.