From Cointelegraph

June 6, 2025 4:11 PM:

Arca sells all Circle shares following IPO listing on NYSE. CEO Jeff Dorman criticizes Circle for small allocation despite $10M order. Arca cutting ties with Circle and will no longer accept USDC. Circle yet to respond to Dorman’s letter. Circle’s USDC market cap over $61B, access to deep capital market. Circle debuts on NYSE under CRCL ticker, raises $1.05B in IPO. Shares surge 167% on debut, closing at $82, now trading around $115 per share.

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The price of Bitcoin reached a new all-time high of $63,000, surpassing the previous record set in April. The surge in price is attributed to increased institutional adoption and interest from retail investors. Bitcoin’s market capitalization now exceeds $1.1 trillion, solidifying its position as the dominant cryptocurrency.

Ethereum also saw a significant price increase, climbing to over $2,400. The rally in Ethereum is driven by the upcoming network upgrade, known as EIP-1559, which aims to reduce transaction fees and make the cryptocurrency more efficient. The total value locked in decentralized finance (DeFi) on the Ethereum network has surpassed $50 billion.

Dogecoin, the meme-inspired cryptocurrency, surged by over 400% in the past week, reaching a market capitalization of $50 billion. The price spike was fueled by social media buzz and support from celebrities like Elon Musk. Despite its origins as a joke, Dogecoin has gained mainstream acceptance and is now one of the top 10 cryptocurrencies by market capitalization.: Arca Dumps Circle Shares After Disappointing IPO Allocation