Musk: Spending Bill "Disgusts Me," Congress Is Driving America to Bankruptcy

On June 6th, the issuer of the stablecoin USDC, Circle, triggered two circuit breakers on the opening day. Circle has emerged as one of the few publicly traded pure cryptocurrency companies in the United States, following in the footsteps of Coinbase, Mara Holdings, and Riot Platforms. This represents the company's second attempt at going public. Given the U.S. government's friendly regulatory stance, the cryptocurrency industry is receiving new political support. Specifically, in the stablecoin sector, the field is accelerating as there is an expectation that Congress will pass stablecoin-related legislation this summer. Wall Street analysts suggest that the stablecoin market could expand tenfold in the next five years, presenting a trillion-dollar market opportunity. (Golden Finance)

On June 6th, based on market data, perhaps affected by the indirect exchange between Musk and Trump. The intraday decline of Tesla (TSLA.O) in the US stock market has widened to 9.2%, and it is currently down by 7.86%, with the current stock price at $306.

On June 6th, based on market information, the issuer of the stablecoin USDC, Circle, opened trading at $103.75 and then retreated. The current price is $84.92. The IPO price was $31, and the current market value is $18.7 billion. Circle completed its IPO at $31 per share, which was above the original expected price range of $24-$26. It raised $1.1 billion and achieved an IPO valuation of $6.2 billion. The IPO was originally planned to issue 24 million shares but was increased to over 34 million shares due to high demand. Circle's USDC is the second largest USD stablecoin, and its listing took place as U.S. lawmakers were advancing stablecoin regulatory legislation.

On June 6th, Musk tweeted and said, "Trump is extremely ungrateful. Without me, Trump would have lost the election, and the Democratic Party would have taken control of the House of Representatives."

On June 6th, as monitored by LookOnChain, whale James Wynn's 40x long position in Bitcoin was partially liquidated, resulting in a loss of approximately 155.38 BTC, which is equivalent to about $16.14 million.