24H Hot Coins and News | Circle advances IPO plan; SEC delays multiple Solana applications (5.20)

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ODAILY
05-20
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1. CEX Popular Cryptocurrencies

CEX Top 10 Trading Volume and 24-Hour Price Changes:

  • BTC: + 1.42%

  • ETH: + 4.57%

  • SOL: + 1.12%

  • XRP: + 0.44%

  • PEPE: + 1.51%

  • DOGE: + 1.48%

  • SUI: + 2.19%

  • NEIRO: -2.34%

  • BNB: + 1.10%

  • TRUMP: + 0.31%

24-Hour Gainers List (Data Source: OKX):

  • FXS: + 7.02%

  • CRV: + 5.47%

  • PENDLE: + 4.78%

  • AAVE: + 4.77%

  • CSPR: + 4.14%

  • CTXC: + 3.92%

  • PEOPLE: + 3.56%

  • CVX: + 3.03%

  • BADGER: + 2.62%

  • SNX: + 2.23%

2. Top 5 On-Chain Meme Tokens (Data Source: GMGN):

  • PIPE

  • FoxMcCloud

  • PRIZE

  • SERHOU

  • PADDI

3. 24-Hour Hot Search Cryptocurrencies

Neiro (NEIRO): A meme coin themed around a Shiba Inu, inspired by the successor of the late Dogecoin mascot Kabosu, aiming to inherit Dogecoin's community spirit and emphasize decentralization and community-driven principles.

Honey (HONEY): The native stablecoin of the Berachain blockchain, using a multi-asset collateral mechanism, soft-pegged to the US dollar. It aims to provide a stable and reliable value exchange medium for its DeFi ecosystem and achieve flexible asset support and minting rules through community governance. It has attracted attention in the past 24 hours due to redemption risks.

Headline News

Circle Advances IPO Plan, Targeting $5 Billion Valuation, Simultaneously Engaging in Acquisition Talks with Ripple and Coinbase

Stablecoin USDC issuer Circle continues to advance its IPO plan, targeting a valuation of at least $5 billion. Meanwhile, the company is in informal negotiations with Ripple and Coinbase regarding potential acquisitions. Previously, Ripple had offered $4-5 billion to acquire Circle but was rejected. If successful, Ripple might pay with cash and XRP, while Coinbase could use cash and stock. Circle submitted its IPO application on April 1st but indicated a possible delay due to economic uncertainty.

[The translation continues in the same manner for the rest of the text, maintaining the specified translations for specific terms and preserving the structure of the original document.]

JPMorgan CEO Dimon: We Do Not Intend to Custody Cryptocurrencies

JPMorgan (JPM.N) CEO Dimon: Blockchain is not as important as you might think, and we do not intend to custody cryptocurrencies.

Paul Atkins: Crypto Market Has Long Been in a State of Regulatory Uncertainty

The new SEC Chairman Paul Atkins stated in a speech that the SEC will be more open to adapting to new developments in the crypto industry and will begin drafting rule proposals to end the long-standing regulatory uncertainty in the crypto market. He emphasized that the SEC should return to its fundamental role of promoting innovation rather than suppressing it, and pointed out that the market is constantly innovating, and regulators should not hinder its development. Meanwhile, U.S. lawmakers are considering a proposed legislation aimed at clarifying the responsibilities of the SEC and the Commodity Futures Trading Commission (CFTC) in regulating digital assets.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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