Orcabay

No major shakeups in the market, with Bitcoin trading slightly lower at $104K. Circle and its backers, including CEO Jeremy Allaire, sold 34 million shares above the marketed range at around $31 each, netting the firm approximately $1.1 billion. Pump.fun, the memecoin generator that revitalized the Solana ecosystem, plans to raise $1 billion through a token sale at a $4 billion valuation. Robinhood has completed its $200 million acquisition of crypto exchange Bitstamp. Meanwhile, James Wynn has asked the crypto community for donations to help him fight the “market-making cabal.”

Bitcoin is currently trading at $108K, slightly down from last week’s all-time highs, while Ethereum has finally awakened, now trading at $2,720. In a major move, BlackRock announced plans to acquire 10% of Circle’s IPO shares, signaling continued institutional interest in crypto infrastructure.

Bitcoin printed a new all-time high at $111K, coming just shy of $112K, as institutional momentum continues to build. Adding to the moment, today marks the anniversary of Bitcoin Pizza Day — when two pizzas were famously purchased for 10,000 BTC. At current prices, that meal would now be worth over $1.1 billion.