🤯Circle Rockets 329% in 3 Days 🚀

In partnership with

Welcome back, Readers!

Big Moves Ahead This Week…

USDC issuer Circle Internet Group made headlines as CRCL stock prices exploded almost 3X at its NYSE debut. Meanwhile, the Bitcoin price slowly gains momentum as the Trump-Musk rift wanes. On the brighter side, Pump.fun, the popular Solana-based meme coin, targets $1B fundraising, expanding its crypto venture. Big news? Eric Trump disowns the Official $TRUMP Wallet and is ready for a legal battle with Magic Eden.

Thanks for reading WhaleTales! Subscribe to get the latest buzz in the crypto frontier.

Stablecoin giant Circle Internet Group (CRCL), the issuer of stablecoin USDC, made history on its market debut with its stocks soaring 167% on the New York Stock Exchange (NYSE). Trading under the “CRCL” ticker, its current price skyrocketed 329% higher than its initial share price of $31 during its launch on June 5, 2025.

Last Wednesday, the “CRCL” shares made a powerful debut at $31/share in the Initial Public Offering (IPO), higher than its expected price range of $27-$28. On Thursday, June 5, the $CRCL shares started at $69 and finished at $89, making a benchmark profit of 168% above its price. On Friday, the rally continued with shares rising nearly 30%, closing at $107.70, and on Monday, the prices surged further with a strong 17% jump.

Circle’s big-ticket listing made headlines and reinforced hope for IPO markets amid the tariff-driven market tensions and crypto volatility.

Also Read: Circle IPO Debut Outperforms Meta, Airbnb, and Robinhood. 

The high-profile political drama between U.S. President Donald Trump and billionaire Elon Musk intensified during a social media spat on Thursday, June 5, fueling widespread sell-off of traditional equities and digital assets. Bitcoin initially slipped nearly 4%, nearing the $101,000 mark, but showed resilience and rebounded to $105,000 on Saturday.

On Thursday, following the controversial Trump-Musk public squabble, Tesla shares dipped nearly 15%, and the global crypto market plummeted by almost 2% overnight, witnessing around $1B in liquidations from long positions. According to the Coinglass data, over 223,300 traders liquidated their assets in long positions worth $308 million in Bitcoin in a single day.

Trump Vs. Musk 🥊

Tensions escalated over Trump’s “One Big Beautiful Bill,” when Musk publicly condemned the proposed bill a “disgusting abomination” on June 3 on X. The high-stakes political clash between the world’s two prominent leaders further escalated on Thursday, June 5, as Musk took to his X platform on June 5 and said, “The Trump tariffs will cause a recession in the second half of this year.”

Read More: Bitcoin Eyes New All-Time Highs In June. 🚀

Pump.fun, the notable Solana meme coin, makes an ambitious move. The platform is all set to raise an impressive $1 billion through an Initial Coin Offering (ICO) at a $4 billion token valuation, just within a year of its inception.

The news was first made public by an X platform member who announced a possible Pump.fun token launch in two weeks with a 10% airdrop for selected community members. Three anonymous sources reported on the PUMP token launchpad. However, Pump.fun representatives have neither confirmed nor denied the news.

Since its debut in early 2024, Pump.fun has raised an impressive $700 million in cumulative revenue, according to Blockworks Research. Platform users have minted around $11 million tokens with a combined market cap of $4.5 billion, highlighting the meme coin’s growth on Solana.

Reports suggest that the PUMP token will be offered to both public and private investors. The private token value is currently pitched at $0.004 per token. Around 25% of the token supply will be offered to the public sale, and 10% will be reserved for the upcoming airdrop.

Read More: Pump.fun Reintroduces Live Streaming to 5% of Users with New Moderation Policy After Five-Month Suspension. 

Eric Trump and Donald Trump Jr. have publicly denounced the “Official $TRUMP Wallet” and threatened legal action against Magic Eden, a leading NFT marketplace, for launching the wallet and using their family name.  

A quick recap:

Crypto researcher Molly White first discovered the “Official $TRUMP Wallet.” Soon after, Magic Eden confirmed the news in their official X account. The post is removed following the legal spat with Trump’s family. The official TrumpWallet.com site offered a waitlist and announced Magic Eden’s partnership with GetTrumpMemes.com to launch the wallet.

Eric Trump publicly refuted the wallet

Trump's sons denied their involvement and commented that they “knew nothing about it,” and that their family “has zero involvement with this wallet.”

After a few hours of the announcement, Eric Trump took to his X account and made a clear message highlighting that the wallet launch was not approved and denying the family’s involvement in the project. He said, “I run @Trump and I know nothing about the project!”

Eric Trump told The New York Times, “There is no agreement for this product. It has not been approved,” and the family intends to take legal action. He made a strong advisory against Magic Eden about unauthorized use of the family’s name.

Read More: WLFI sends cease-and-desist letter over ‘unauthorized’ Trump wallet — Report.

What is a Bitcoin Treasury Strategy?

With the rising popularity of crypto assets, firms are now adding cryptocurrencies and Bitcoin into their corporate treasuries. Companies like Strategy (previously known as MicroStrategy), Tesla, and Block hold strategic Bitcoin resources to hedge inflation, enhance liquidity, and diversify treasury portfolios.

The global crypto market cap on Wednesday, 11 June, is $3.58 trillion with🔻1.2% down over the last 24 hours.

• Bitcoin, US crypto stocks rise as more firms plan BTC buys. Cointelegraph

• World Liberty Financial to invest in Trump meme coin following crypto wallet dispute. The Hill

• Pi Network Faces Backlash as Users Report Missing Tokens Despite KYC and Mainnet Migration. Binance

• Why the SEC could choose to deny ether ETFs, and what could happen next. Blockworks

Like what you read? Subscribe or forward WhaleTales to your friends and help them stay ahead with the latest news? 🗞️😇

Disclaimer: The information provided in this newsletter is educational and not intended for any investment or financial advice.