Overview of Key Overnight Developments on June 5
1. Circle's IPO was oversubscribed by more than 25 times;
2. The Blockchain Group will seek shareholder approval to raise 100 billion euros to accelerate its Bitcoin reserve strategy;
3. The CLARITY Act is stalled due to controversy over Trump's cryptocurrency investments;
4. Circle's IPO will be priced at $31 per share, with a fundraising scale of $1.1 billion;
5. JPMorgan plans to allow clients to use Bitcoin ETFs as loan collateral;
6. K Wave Media sells $500 million in common stock to support its Bitcoin financial strategy;
7. The Ethereum Foundation releases a new fiscal policy focusing on sustainability and DeFi ecosystem development, reducing annual operating expenses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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