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Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Circle Files for IPO: Circle, the issuer of USDC, has filed to go public on the NYSE under “CRCL,” aiming to raise up to $624M.

2. Solana Co-Founder Blackmailed: A hacked Migos Instagram account posted KYC-style images of Solana’s Raj Gokal, demanding a 40 BTC ransom.

3. 💡Feature of the Day - X Money Enters Beta Testing: Elon Musk’s financial app X Money is now in beta, with a full launch planned for 2025.

   
   All this and more in today’s headlines!

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📰 News Highlights:

Circle IPO Advances [Source][Source][Source][Source][Source]

Circle, the issuer of USDC—the second-largest stablecoin by market cap—has filed to go public via an IPO on the New York Stock Exchange under the ticker “CRCL.”

The offering includes 24 million Class A common shares, of which 9.6 million will be issued by Circle itself, and 14.4 million by selling shareholders.

JPMorgan, Citigroup, and Goldman Sachs are among the lead bookrunners, with Circle pricing the shares between $24 and $26, aiming to raise up to $624 million.

An additional 3.6 million shares may be sold to cover over-allotments, with major investors like ARK Invest showing interest.

🎁Freebie:

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Solana Co-Founder Blackmailed [Source][Source][Source]

The Instagram account of the now-defunct rap group Migos was hacked and used in an apparent blackmail attempt targeting Solana co-founder Raj Gokal.

The hacked account posted images allegedly showing Gokal and his wife holding up personal identification documents, with captions demanding 40 BTC in ransom.

The posts, now deleted, were reminiscent of identity verification photos used in crypto KYC checks.

The origin of the images remains unclear, and Gokal had previously warned on X about hacking attempts targeting his digital accounts.

💡 Feature of the Day: 

X Money Testing [Source][Source]

Elon Musk has confirmed that X Money, the financial services extension of X (formerly Twitter), has entered beta testing ahead of its expected 2025 launch.

The beta is currently limited due to the sensitivity around handling user savings.

Musk emphasized the importance of caution, stating that when people’s money is involved, “extreme care must be taken.”

The platform is working toward becoming a full-fledged banking and payment app, aligning with Musk’s vision shared after his acquisition of Twitter.

😂 Crypto Meme of the Day: 

Meme of the day provided by @scannergr1

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com