BlackRock plans to acquire approximately 10% of the shares offered in Circle’s initial public offering (IPO), Bloomberg News reported on May 28.People familiar with the matter said Circle and its shareholders, including co-founder and CEO Jeremy Allaire, are seeking to raise $624 million through the offering. Orders for the offering have reportedly exceeded the number of shares available, with the pricing scheduled for June 4.BlackRock already manages the Circle Reserve Fund, a government money market fund that holds roughly 90% of the reserves backing Circle’s USDC stablecoin. The fund reported nearly $30 billion in net assets as of April 30, 2024, based…
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The US Department of Labor (DOL) formally rescinded a 2022 compliance release that discouraged fiduciaries from offering crypto investment options in 401(k) retirement plans, according to a May 28 announcement.The decision withdraws “Compliance Assistance Release No. 2022-01,” which directed fiduciaries to exercise “extreme care” before including digital assets in retirement plan investment menus.Neutrality restored The Department now reverts to a neutral stance that adheres to the statutory language of the Employee Retirement Income Security Act (ERISA), which governs private-sector retirement plans.In a statement, the Employee Benefits Security Administration acknowledged that the “extreme care” standard introduced in 2022 had no statutory basis in…
The post Top Crypto Predictions for June 2025: TON, SPX, PI, KAS, XDC appeared first on Coinpedia Fintech News The markets continue to remain consolidated within a narrow range as the prices of the top cryptos are accumulating within a tight range. Bitcoin price trades within a range-bound below $109,000, which has now become an important price range to secure. In the meantime, some of the altcoins have gained strength other than the top 10, which are believed to lead the altcoin rally in the final weeks of Q2, 2025. Toncoin (TON) Toncoin has been maintaining an ascending consolidation ever…
Author Alejandro Arrieche Author Alejandro Arrieche About Author Alejandro is a seasoned financial analyst and adept business expert with over seven years of experience in dissecting complex business topics and vital market trends. His insightful writing, which has… Share Last updated: May 27, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects…
DFZ Labs, the company behind the Deadfellaz NFT collection, has announced a new collection – Ghost Machine – will debut on ApeChain on June 5.Ghost Machine is set to be “a hyper-pop art PFP collection”, with 50,000 total NFTs available to mint at a price of 1 USD each. Holders of Deadfellaz and Deadfrenz NFTs will be able to mint a Ghost Machine NFT for free, with further details on an allowlist to follow soon.This is the latest in a number of in-development expansions to the Deadfellaz IP, including the Death Touch TCG, the Coldlink tool, and their Roblox-based Wallhugger…
Story HighlightsThe live price of SUI crypto is $ 3.62691737.The SUI price is expected to reach a high of $7.01 in 2025.With a potential surge, the price may reach $23.77 by 2030.SUI, a next-gen Layer-1 blockchain, is rapidly gaining traction with its focus on scalability, seamless user experience, and Web3 integration via ZkLogin. Now trading at $3.64, with RSI at 40.94, SUI has been trading sideways. Backed by $2B TVL and rising institutional interest, the SUI price could be eyeing a new ATH, raising curiosity about its long-term investment potential.What Is CoinPedia’s Sui Price Prediction for May 2025?The price of 1…
Solana (SOL) price has consolidated in the last 24 hours as the market shows uncertainty. The token remains just above the $170 support after a week of gains. SOL recovered from $150 and targets the $200 level if buyers increase pressure. Bitcoin (BTC) stays above $108,000, while Ethereum (ETH) hovers near $2,600. Since reaching its all-time high of $294.33 in January, SOL has dropped nearly 41%. Despite this, recent price action suggests cautious optimism among traders. Solana Price Eyes $200 After Pennant Break Crypto analyst tweeted that Solana is forming a bull pennant on the daily chart. The analyst said…
Ripple has called on the US Securities and Exchange Commission (SEC) to establish clearer standards for determining when a digital asset no longer qualifies as part of an investment contract.The company submitted a detailed letter to the SEC’s Crypto Assets and Cyber Unit on May 27, expanding on a question raised by Commissioner Hester Peirce in her “New Paradigm” speech.Understanding crypto securitiesIn the letter, Ripple argued that most fungible digital assets traded on secondary markets should not be considered securities. It cited legal research suggesting that these tokens lack the ongoing obligations between issuers and buyers that typically define investment…
Merlin Chain (MERL) price rose sharply as Binance announced the launch of MERL perpetual futures. The MERL token, native to the Bitcoin layer-2 solution, reached highs of $0.13 and could target $0.20. Altcoins have often spiked in price after such announcements by Binance. Merlin Chain (MERL), a Bitcoin Layer-2 solution, has witnessed a significant price surge following a major announcement from Binance. On May 28, 2025, Binance revealed the launch of USD-margined MERL Perpetual Contracts, a move that has sparked renewed interest in the token. The news saw the price of Merlin Chain rise amid an increase in volume, with…
Sci-fi first person shooter Shatterline will shut down its online multiplayer servers on June 26 and will function solely as a single-player title moving forward.Originally launched as a free-to-play multiplayer game, Shatterline will also move to a pay-to-own model. This change comes as the studio prepares to discontinue in-game purchases, which were disabled on May 26. Refunds are being offered to users who made purchases in the 15 days prior to that date.According to Frag Lab, the core mechanics will remain, but future updates will focus on solo content rather than competitive or co-operative play. Source: ShatterlineWhy is Shatterline ending…
