{"id":2455,"date":"2025-06-08T18:56:59","date_gmt":"2025-06-08T18:56:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trump-musk-feud-circle-ipo-prices-above-range-strategy-upsizes-offering-weekly-recap\/"},"modified":"2025-06-08T18:57:00","modified_gmt":"2025-06-08T18:57:00","slug":"trump-musk-feud-circle-ipo-prices-above-range-strategy-upsizes-offering-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trump-musk-feud-circle-ipo-prices-above-range-strategy-upsizes-offering-weekly-recap\/","title":{"rendered":"Trump, Musk feud; Circle IPO prices above range, Strategy upsizes offering | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">This week\u2019s crypto roundup captures a whirlwind of activity across markets, politics, and policy. Tech mogul Elon Musk is feuding with President Donald Trump, and meme coin prices tumbled, while Circle made headlines with a stronger-than-expected initial public offering. <\/p>\n<p class=\"is-style-default\">Institutional appetite for Bitcoin intensified as Strategy and Semler Scientific bolstered their treasuries, and Japan\u2019s Metaplanet unveiled a massive $5.3 billion BTC acquisition plan. Meanwhile, regulatory shifts took shape, with the UK lifting its retail crypto ETN ban and Ripple\u2019s RLUSD gaining approval in Dubai. <\/p>\n<p class=\"is-style-default\">From Robinhood\u2019s European expansion to Yuga Labs proposing the end of ApeCoin governance, the week revealed growing divides between legacy players and new strategies reshaping the crypto economy.<\/p>\n<h3 class=\"wp-block-heading\">Trump, Musk conflict weighs on meme coin performance<\/h3>\n<ul class=\"wp-block-list\">\n<li>Tensions between Trump and Musk reached a boiling point Thursday and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/trump-elon-musk-consequences-funds-democratic-candidates-rcna211605\" target=\"_blank\" rel=\"nofollow\">continued<\/a> over the weekend. <\/li>\n<li>Musk, who reportedly contributed $295 million to Republicans in the 2024 election year (most of that money going to Trump), grew angry with the GOP for its attempts to pass a sweeping budget bill.  <\/li>\n<li>When Trump criticized Musk publicly, the Tesla CEO alleged on X that the president is named in confidential criminal files involving sex offender Jeffrey Epstein.<\/li>\n<li>The public dispute has negatively impacted meme coins associated with both figures, with the Official Trump (TRUMP) and Dogecoin (DOGE) ranking among the 10 worst-performing cryptocurrencies over 24 hours, according to CoinGecko.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Also from MAGA world\u2026<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Trump family has reportedly issued a cease-and-desist letter to entities behind a disputed Trump-branded crypto wallet.<\/li>\n<li>Donald Trump Jr., Eric Trump, and Barron Trump have all publicly disavowed the $TRUMP Wallet project.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Circle prices IPO above expected range<\/h3>\n<ul class=\"wp-block-list\">\n<li>Circle announced on Wednesday that the price of its IPO would be $31. This debut raised about $1.1 billion, above the estimated range of $24-26.<\/li>\n<li>Circle expanded from the initial proposal of 24 million Class A shares to approximately 34 million.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Strategy upsizes preferred stock offering to $1 billion<\/h3>\n<ul class=\"wp-block-list\">\n<li>Strategy\u00a0said on Friday that it had raised the size of its STRD issuance from $250 million to $1 billion. At a price of $85 per share, 11,764,700 shares of Strategy\u2019s 10% Series A Perpetual Stride Preferred Stock will be offered for sale. <\/li>\n<li>Strategy also spent about $75 million for an extra 705 BTC, increasing its total Bitcoin holdings to 580,955 BTC.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Semler Scientific also adds Bitcoin to its coffer<\/h3>\n<ul class=\"wp-block-list\">\n<li>Semler Scientific <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ir.semlerscientific.com\/node\/10971\/html\" target=\"_blank\" rel=\"nofollow\">bought<\/a> 185 BTC for $20 million in the ten days ending June 3. They paid around  $107,974 per Bitcoin.<\/li>\n<li>This purchase brings the company\u2019s total holdings to 4,449 BTC.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">UK proposes lifting retail crypto ETN ban<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Financial Conduct Authority has announced proposals to lift limitations on cryptocurrency exchange-traded notes (cETNs) for retail users.<\/li>\n<li>This proposed change would align the UK with countries such as the U.S., Canada, Hong Kong, and the EU.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Metaplanet launches $5.3 billion Bitcoin acquisition plan<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Tokyo-listed business has revealed plans to issue 555 million shares through stock acquisition rights in order to buy more Bitcoin (BTC).<\/li>\n<li>Thanks to this $5.3 billion endeavor, Metaplanet is now one of the biggest corporate Bitcoin treasury strategies outside of the US.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Yuga Labs proposes ending ApeCoin DAO governance<\/h3>\n<ul class=\"wp-block-list\">\n<li>The inventor of Bored Apes proposed terminating the ApeCoin (APE) DAO governance structure in favor of a new operating paradigm.<\/li>\n<li>CEO Greg Solano slammed the current structure in Thursday\u2019s proposal, saying \u201cApeCoin DAO was a bold experiment, but one born of a different era\u201d that has devolved\u00a0into \u201csluggish, noisy, and often unserious governance theater.\u201d<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Singapore court rejects WazirX restructuring plan<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Singapore High Court declined WazirX\u2019s proposed restructuring plan aimed at recovering from last year\u2019s $230 million security exploit.<\/li>\n<li>In Wednesday\u2019s statement, WazirX revealed the court\u2019s rejection and indicated the team is considering an appeal against the decision.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Robinhood completes Bitstamp acquisition<\/h3>\n<ul class=\"wp-block-list\">\n<li>Robinhood has completed the purchase of Bitstamp, a cryptocurrency exchange based in Europe, for $200 million.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Ripple\u2019s RLUSD gains Dubai regulatory approval<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Dubai Financial Services Authority has greenlighted Ripple\u2019s U.S. dollar-pegged stablecoin RLUSD as a payment rail within the Dubai International Financial Centre.<\/li>\n<li>This approval expands Ripple\u2019s Middle Eastern footprint and provides additional utility for its stablecoin in a major regional financial hub.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\"><strong>Weekend Spotlight<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li>Whales lose sweet tooth for SYRUP despite Maple Finance\u2019s growth<\/li>\n<li>Tether at $515 billion? CEO says that\u2019s \u2018bearish,\u2019 backs Bolivia\u2019s USDT move<\/li>\n<li>Flipping Uniswap, Flopping on Price: PancakeSwap Paradox<\/li>\n<li>Bitcoin price stalls as spot ETFs bleed for second week<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This week\u2019s crypto roundup captures a whirlwind of activity across markets, politics, and policy. Tech mogul Elon Musk is feuding with President Donald Trump, and meme coin prices tumbled, while&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2455"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2455\/revisions"}],"predecessor-version":[{"id":2457,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2455\/revisions\/2457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2456"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}