Q1 Earnings Report, CLARITY Act, and Walsh Transition: Circle Faces Three Major Tests This Week | Bee Network
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Compiled by | Odaily (@OdailyChina); Translator | Moni “I really can’t hold on any longer.” For several days in early February this year, the Signal inbox of a major crypto market maker was flooded with dozens of messages like this. The crypto market had plunged another 15%—wiping out $400 billion in market cap in just a few days. In the preceding four months, dragged down by Bitcoin, the total cryptocurrency market cap had plummeted nearly 50%, with Ethereum and Solana both falling close to 60%. This crash erased about $2 trillion in value, dragging the industry into a bear market, what crypto circles call a “winter”—a slightly nerdy metaphor paying homage to the unsettling line from *Game of Thrones*: “Winter is coming.” Project founders were in a panic: some urgently…# Analysis# crypto# defi# Exchange# MarketPre
50x storage later, Justin Sun is always looking at the next decadeNext
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- Author: Azuma (@azuma_eth) Circle (CRCL) is set to face three major tests this week: the Q1 earnings report on May 11, the Senate vote on the CLARITY Act on May 14, and the Federal Reserve leaders...