1. After Circle went public, which encryption companies are preparing for an IPO? Why are they clustering to go public?

Circle went public on the New York Stock Exchange on June 5. The stock code is CRCL, and the stock price surged over 160% on the first day, reaching a market capitalization of $21.5 billion. This indicates strong market confidence in Circle, especially regarding its USDC stablecoin market position. Since then, Circle's stock price has continued to rise and is currently above $240. Click to read

2. How Will China Respond to the Dollar Stablecoin Shock?

What is a hot topic in both China and the United States in June 2025? It is definitely stablecoins. On June 6, 2025, the Hong Kong Gazette published a notice announcing that the Hong Kong "Stablecoin Ordinance" will take effect on August 1, 2025. Click to read.

3. The flames of war between Israel and Palestine have "burned" into the encryption market.

As the two most important powers in the Middle East, the conflict between Iran and Israel not only signifies a sudden disruption of the surface peace in the region and the ongoing escalation of chaos, but it has also further stirred global waves. From the current perspective, this war triggered by nuclear issues has not only entangled Iran and Israel but has also forced the proxy war to transform into a direct confrontation, making it difficult for the United States to refrain from quick intervention, and the situation is gradually expanding. Click to read.

4. Why is Ethereum destined to be positioned as the "world ledger"?

Many people view @VitalikButerin's emphasis on Ethereum as the "world ledger" as a brand new strategic adjustment. However, in fact, this transformation was completed the moment EIP-1559 went live. The 50% monopoly share of stablecoins on Ethereum only reinforces the positioning of Ethereum as a financial settlement layer. Click to read.

5.a16z: 5 Images to Understand the Current State of the Encryption Industry

The development of the encryption industry is becoming increasingly mature. At the end of last year, we proposed 5 indicators to closely monitor in 2025 to track the ongoing growth and development of the industry. Click to read.