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Crypto analyst Lark Davis has predicted a $7.5 target for the SUI price, highlighting bullish indicators. This comes after Mill City Ventures announced a massive $450 million commitment to build the most extensive publicly traded SUI treasury. Analyst Bullish On SUI Price After Treasury Announcement In a recent X post, crypto analyst Lark Davis predicted
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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
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The Shiba Inu community is once again mirroring optimism amid a massive 3,800% burn rate recorded on Thursday. On-chain metrics have revealed that 284 million SHIB got destroyed in the last 24 hours, suggesting a bullish outlook for long-term price prospects. SHIB price is currently trading around the $0.000013 price level, with the crypto holding support at $0.000012.
According to the official tracker Shibburn’s data on May 1, the Shiba Inu burn rate sky shot by a whopping 38299% in just 24 hours. As per the data, this massive surge came against the backdrop of 283.74 million tokens ditched from the supply intraday.
Primarily, the wallet address 0x6081258689a75d2…887239fe was reported to be responsible for the lion’s share in the burn upswing as it solely burnt 263.70 million SHIB over the past day. In the upshot, broader market sentiments about such massive burns remain bullish, given the law of supply and demand.
It’s notable that the SHIB burn mechanism permanently reduces the supply by sending tokens to a null address, making their retrieval impossible. In turn, the meme coin’s supply takes a severe hit, and long-term price prospects also reflect optimism.
However, despite the massive burn rate surge, SHIB coin’s price has prevented any major gains and continued its consolidation today2. At the time of reporting, the meme coin rested at $0.00001331, maintaining a trading session around the previous day’s levels.
Notably, the short-term impact of such massive burns is usually negligible, although historical data shows that it is bullish for long-term prospects. A total of 410.73 trillion tokens have been burnt to date, thanks to the Shiba Inu burn mechanism. Besides, 584.41 tokens are still left in circulation, per the tracker’s data.
A SHIB price prediction by CoinGape in the interim revealed that the meme coin eyes a price rally shortly ahead. This bullish projection rides the back of strong technicals and bullish on-chain metrics. Notably, the dog-themed crypto is currently in an accumulation zone and the next key level to watch is $0.00001364. Overall, broader market sentiments orbiting the meme coin remain bullish amid rising Shiba Inu burn rates and other bullish dynamics.
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In a groundbreaking development within the decentralized finance (DeFi) sector, Plume, the first Layer 1 blockchain purpose-built for Real World Asset Finance (RWAfi), has announced the upcoming launch of its PayFi Vault on its flagship yield streaming product, Nest.
This new vault will be powered by PayPal USD (PYUSD), aiming to revolutionize payment financing by bringing it on-chain and utilizing institutional-grade stablecoin-backed assets.
Plume’s integration of PYUSD into its PayFi Vault signifies a strategic move to bridge traditional payment systems with decentralized financial mechanisms.
By leveraging PYUSD—a fully reserved stablecoin backed by dollar deposits, U.S. treasuries, and cash equivalents—the PayFi Vault establishes a secure and stable foundation for on-chain payment financing. This integration not only enhances liquidity but also offers users globally access to institutional-grade financing opportunities.
According to the announcement by Plume Network, the PayFi Vault is designed to provide last-mile liquidity for the supply chain, effectively powering global trade, commerce, and inventory management.
By tokenizing payment financing solutions such as invoices, receivables, and payment obligations, the vault unlocks sustainable yield offerings that were previously inaccessible to a global user base. Stablecoins like PYUSD play a crucial role in this ecosystem, serving as a reliable and efficient means of transferring value, thereby facilitating faster settlements and reducing costs associated with traditional financing methods.
Our PayFi vault with @PayPal USD on @NestCredit is coming soon to expand financing opportunities onchain.
Stablecoins are the original RWA – real dollars onchain that are moving trillions, proving that the digital dollar works.
But moving money is just the beginning… pic.twitter.com/PZ1kYTfDQS
— Plume Network – RWAfi L1 (@plumenetwork) March 4, 2025
Stablecoins, particularly those fully backed by real-world assets like PYUSD, are increasingly recognized as digital dollar standards. Their stability and regulatory compliance make them ideal for integration into DeFi platforms seeking to offer secure and efficient financial services.
In the context of Plume’s PayFi Vault, PYUSD acts as a stable liquidity layer, enabling users to participate in yield-generating activities without the volatility risks associated with other cryptocurrencies. This integration underscores the evolving role of stablecoins in facilitating real-world financial applications within the DeFi landscape.
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