Crypto Rally Stalls, BTC Vegas Kicks Off, Circle Files For IPO

HomeNews* Bitcoin stalls below $110,000 after recent gains as investors take profits.

• Crypto exchange Circle files for an Initial Public Offering (IPO) and denies sale rumors.
• Large whale loses $67 million trading on Hyperliquid in five days.
• Florida considers ending capital gains tax on crypto and stocks.
• Major companies make new investments in Bitcoin and blockchain-backed bonds. The crypto market paused its rally today as Bitcoin (BTC) stayed under $110,000, with investors opting to secure profits. The latest developments came as Circle filed paperwork for a U.S. IPO while disputing claims of ongoing sale talks.

• Advertisement - In recent trading, Bitcoin options open interest hit a new high. Meanwhile, a large individual trader, also known as a whale, lost $67 million on the decentralized exchange Hyperliquid within the past week. Solana (SOL) co-founder’s Know Your Customer (KYC) details were leaked. Trump Media denied plans to purchase $3 billion in crypto assets.

In policy news, Florida is considering removing the capital gains tax for both crypto and stocks. Separately, former FTX CEO Sam Bankman-Fried’s sentence may be shortened by more than four years. Sports figure Tom Brady invested in Catena Labs. Alpaca Finance announced its winding down, while Meteora has become the top fee-generating decentralized application on the Solana blockchain.

Meanwhile, Bitlayer has started partnerships with major crypto mining pools to explore using BitVM technology. Thailand plans to let citizens use crypto for public service payments.

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