Hello readers. Let’s dive into today’s top headlines from crypto world!
Circle Stock Soars 347% Post-IPO Amid Surging Institutional Demand
Circle’s stock is on fire! 🔥 After launching at $31 per share last Thursday, the USDC issuer hit an all-time high of $138.57 on Monday morning, fueled by strong investor interest. Though it later dipped to $116.20, it’s still up 8% for the day.
Trading volume is massive—37 million shares have already changed hands today, and the stock might beat Friday’s 60.7 million total. Meanwhile, Japanese financial giant SBI Holdings announced a $50 million investment, securing a major stake in Circle.
Australia Cracks Down on $123M Crypto Laundering Scheme, Charges Four Suspects
Australian police have charged four people in a major crypto money laundering case, accusing them of helping move $123 million in illegal funds.
After an 18-month investigation, authorities seized crypto worth about $110,000, $30,000 in cash, encrypted devices, documents, vehicles, properties, and bank accounts. Officials say the suspects used a Gold Coast security company to secretly move drug money, then laundered it through fake businesses, luxury car sales, and crypto exchanges. The company allegedly converted large amounts of cash into crypto to hide its origins.
Argentine President Milei Cleared in Libra Meme Coin Investigation
Argentina’s anti-corruption office has cleared President Javier Milei of any wrongdoing in promoting the LIBRA meme coin, though a separate criminal investigation is still ongoing.
Officials said Milei endorsed LIBRA as a private individual, not in his official capacity. In February, he praised the token on social media, saying it could help Argentina. LIBRA initially soared to $4.50 but later plunged by 90%, leading investors to accuse its creators of running a pump-and-dump scheme.
Milei’s promotion of the coin sparked political controversy, prompting investigations into whether he misused his position for personal gain. Meanwhile, the criminal probe continues.
Blockchain Group Secures $342M from TOBAM to Expand Bitcoin Reserves
Blockchain Group, a company listed on Euronext Growth Paris, has raised $342 million with the help of asset manager TOBAM to increase its Bitcoin reserves. This move strengthens its position as Europe’s first dedicated Bitcoin Treasury Company. Blockchain Group recently spent $68.6 million to buy 624 more Bitcoins, bringing its total to 1,437 BTC—now worth over $150 million. The firm is making one of the largest Bitcoin investments among publicly traded companies in Europe.
With inflation rising and economic uncertainty growing, more companies are reconsidering their traditional financial strategies.
Japan Senate Greenlights Crypto Brokerage Reform Bill, Paving Way for Industry Overhaul
Japan’s Senate has approved a new law that makes it easier for crypto brokerage firms to operate.
Currently, these firms must follow strict rules like crypto exchanges and wallet providers. But with the new amendment, a fresh legal category called "intermediary businesses" has been introduced, allowing certain firms to bypass heavy regulations.
The government and regulators backed the changes in March and sent them to parliament for approval. The bill passed smoothly and is set to take effect in June 2026.
Thats a wrap for today. Catch you tomorrow with more updates. Have a nice day!