USDC stablecoin issuer Circle has finally applied for the Initial Public Offering (IPO) for listing “CRCL” stock on the New York Stock Exchange (NYSE). This development comes as the firm puts to rest the rumors of a potential acquisition by Coinbase or Ripple. Furthermore, the announcement comes just as the stablecoin bill aka GENIUS Act, is just one step away from becoming a law. Circle Files for IPO And Listing on NYSE Circle Internet, the issuer of the USDC stablecoin, announced plans to seek a valuation of up to $5.65 billion through its U.S. initial public offering (IPO). The company aims to sell approximately 9.6 million shares, while existing shareholders intend to offload an additional 14.4 million shares. The company’s stock will trade on the New York Stock Exchange (NYSE) under the ticker “CRCL” after securing all regulatory approvals. As per the official press release, each CRCL stock will be… Read More at Coingape.com
Pi Coin, once a rising star in the crypto space, has faced significant setbacks recently, with its price plummeting nearly 80% from its peak of $3. This drop has raised concerns about the project’s legitimacy, liquidity, and exchange support.
The suspension of Pi trading on BitMart a month ago, due to pending KYB (Know Your Business) approval for 1:1 Pi swaps, has particularly hindered its accessibility.
BitMart Resumes Pi Coin Trading
Pi Coin resumes trading on BitMart. Crypto expert Dr. Altcoin shared that this move could help the Pi Coin price recover and potentially reach the $1 mark. Additionally, an official KYB approval for BitMart might be on the horizon, which could further bolster investor confidence in Pi’s future.
Banxa, a major fiat on-ramp provider, recently suspended Pi Coin transactions, citing pending KYB approval. This move has reduced liquidity and created additional hurdles for users looking to buy Pi Coin with fiat.
Dr. Altcoin noted that despite this setback, Banxa had previously purchased millions of Pi at a low price and could return stronger once the approval is granted. This potential rebound could also coincide with a price surge, raising optimism among Pi investors.
Pi Network Exchange Listing
While Pi Network has garnered attention, its absence from major exchanges such as Binance, Coinbase, and Kraken has significantly limited its exposure and demand.
The listing speculations are growing, with the Pi logo recently appearing in a post on HTX’s platform, fueling rumors of a potential listing.
These moves, though promising, aren’t enough to fully lift the project’s visibility and trading volume on the global stage.
The post Pi Coin Resumes Trading on BitMart After Banxa Suspension: What’s Next for Pi Network? appeared first on Coinpedia Fintech News
Pi Coin, once a rising star in the crypto space, has faced significant setbacks recently, with its price plummeting nearly 80% from its peak of $3. This drop has raised concerns about the project’s legitimacy, liquidity, and exchange support. The suspension of Pi trading on BitMart a month ago, due to pending KYB (Know Your …
The Ethereum price recovery falls short as the sideways move dominates the altcoin. Despite the bullish attempts and whales’ involvement, the bearish trend remains active. Besides, the rest of the altcoins are in a similar state, struggling amid growing market uncertainty, but what’s fueling the ETH price’s downfall? Let’s discuss.
Ethereum Price Declines 1.5% Today
With the investors’ declining interest and other factors working against Ethereum, its price has crashed by 1.5% today. However, this is a second dip in the last 24 hours, currently trading at $1,803 with $10.52 billion in trading volume, up by 12%, showcasing high volatility.
The ETH price declined from $1,840 to $1,785 before making a complete recovery, but crashed again a few hours later, showcasing dominating bearish trends. The Coinglass data reports that the traders are being wiped out amid massive liquidation, where $37.45 million positions have been liquidated.
This happened as the long overleveraged position was wiped out amid the pullback. Moreover, the open interest is declining, suggesting a forceful closing of positions as traders bet on the upside, and the downward move ruins the trade.
Ethereum Price Declines Down Critical Support, What’s Next?
Various crypto analysts’ Ethereum price predictions have put this altcoin on a make-or-break trajectory. As a result, the price is supposed to move higher or lower depending on the maintenance of critical support between $1,772 and $1,824.
However, the recent dip has caused the ETH price to fall to $1,803.72, failing to break out. As the token moves down the support, the possibility of a crash to $1,500 builds. However, the confirmation would happen if it moved down the $1,774 break line.
Ethereum at a Crossroads Crossroads: $1,500 Plunge or $2,100 Surge?
ETH price action has been wild lately. After a brief rally above $1,800, April ended in the red. This marks the *fourth* straight month of losses for ETH.
On-chain data suggests we’re at a…
— Traiders Technologies (@TonyTraider) May 5, 2025
However, crypto analyst Michael pointed out that Ethereum is outpacing Bitcoin in the ETH/BTC pair, signaling growing support. Moreover, other points at the breakout from the falling wedge pattern formation, before predicting recovery.
If ETH price ends up moving up amid the buyers’ activity, it could recover and move toward $2,000 or higher.
Crypto market capitalization closed the week above $2.7 trillion mark on Saturday, April 5, while Trade war panic wiped over $1 trillion off US tech stocks including Apple, NVIDIA and Microsoft.
Microsoft, Apple and Nvidia all lose $3 trillion valuation as Trump tariffs Wipe Out $1 trillion in 3 days
As Trump announced fresh tariffs on Wednesday, global Markets reacted swiftly. The Dow Jones Industrial Average dropped over 3000 points plunging 7.4%, while Crude Oil (WTI) also tumbled more than 10% as manufacturers and commodities traders brace for a blip in global commerce.
But the most dramatic losses came from the United States’ technology sector. Apple, Microsoft, and NVIDIA—three of the most valuable companies globally—shed more than $1 trillion in market capitalization combined after Trump announced the sweeping tariffs on Wednesday.
US Stock Market Performance over the past week, April 5 2025 | Source: TradingView
Apple alone fell 15.02% on the week, while NVIDIA’s stock lost 15.4% following supply chain concerns tied to the semiconductor industry. Microsoft declined 15.9%, extending its weekly loss to the steepest seen since October.
Notably, all three stocks which traded above the $3 trillion mark in the past year have now plunged below that historic threshold.
Largest Companies globally ranked by market capitalization as of April 5 2025 | Source: companiesmarketcap.com
At press time, on Saturday April 5, Apple (AAPL) sits atop with $2.83 trillion market cap, while Microsoft (MSFT) and NVIDIA (NVDA) follow with current valuations of $2.7 and $2.3 trillion valuations respectively.
Historically, such synchronized declines among the biggest U.S. corporations suggest investors are reacting to systemic market risks rather than, individual stock performance outlook.
This affirms that China’s swift retaliation—announcing new tariffs on U.S. exports within 48 hours—has sparked fears of a sustained trade war.
The looming supply chain risks has prompted investors to pivot away from US stocks towards alternative markets like private credit and cryptocurrencies.
Altcoins Brace for Breakout as Crypto Market Cap Holds at $2.7T Amid Trade War Concerns
Bitcoin price has held firmly above the $80,000 mark, despite US Trade tariffs sparking intense market turbulence across global financial markets over the past week. BTC’s resilient price action has caught investor’s attention, with the positive sentiment extending towards altcoins.
On Wednesday, the White House triggered widespread investor anxiety by unveiling sweeping new tariffs on imports from multiple trading partners, including China, India, Mexico, and the European Union.
Early market reactions show that cryptocurrencies withstood the sell-pressure while US Stocks, and manufacturing commodities markets nose-dived.
Crypto Spot Market Performance, April 5 2025 | Source: Coingecko
As seen in the Coingecko chart above, the aggregate crypto market capitalization stands at $2.7 trillion at press time, keeping weekly timeframe losses below the 8% mark. Not only has Bitcoin price held above the $82,000, the resilient performance extended to the crypto sector as a whole.
As seen in the chart, top ranked altcoins like XRP, BNB and Cardano are holding key support levels around $2, $590 and $0.65 respectively, as global markets saw major sell-off response to Trump’s tarrfis.
But in the crypto-sector as weak hands exited, and BTC held steady, altcoin found new buyers as as investors exiting us stocks sought assets unexposed to trade tensions. In effect, Crypto markets only declined 8% in the past week, while Microsoft, Nvidia and Apple all plunged by more than 15%.
As investors exited those markets, the displaced capital found its way into the crypto markets, which has kept top altcoins that Ethereum, XRP, BNB. and Solana consolidating near the $1,800, $2, $600.
For context, of the top 5 ranked cryptocurrencies are posting BTC, ETH, BNB and XRP are all posting less than 1% losses on the weekly timeframe.
Meanwhile, Solana the worst performer among the top-ranked altcoins this week, settles at $119 at press time, having only plunged 5%, despite active bearish catalyst from token unlocks, and upcoming FTX payouts.
After a brief rally above $1,800, April ended in the red. 
This marks the *fourth* straight month of losses for ETH. 
