Daily Report | GameStop raises $1.5 billion in convertible bonds to purchase Bitcoin; SEC cryptocurrency special group will hold four roundtable meetings
April 2 News Overview整理：Jerry，ChainCatcher
Important News:
- Circle files for IPO, plans to list on the NYSE
- GameStop raises $1.5 billion in convertible bonds to purchase Bitcoin
- SEC cryptocurrency task force to hold four roundtable meetings
- BlackRock approved by UK regulator to operate as a crypto asset company
- Circle spends $210 million to acquire Coinbase's stake in Centre
- 16 crypto billionaires make Forbes billionaire list
- Circle paid Binance $60.25 million for a two-year USDC promotion and holding partnership
- Binance Alpha launches ZETA, SAFE
"What important events happened in the last 24 hours"
Circle files for IPO, plans to list on the NYSE
According to market news, stablecoin issuer Circle has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC), officially starting the initial public offering (IPO) process. The company plans to list on the New York Stock Exchange under the ticker symbol CRCL.
GameStop raises $1.5 billion in convertible bonds to purchase Bitcoin
According to Coindesk, video game retailer GameStop announced on Tuesday that it has raised $1.5 billion through a private placement of convertible bonds, intending to use the proceeds to purchase Bitcoin.
The company's filing with the SEC shows that it has completed the issuance of $1.5 billion in senior convertible bonds due in 2030, with a coupon rate of 0.00%, including the full exercise of a $200 million overallotment option by underwriters. This move aligns with Strategy's shift towards Bitcoin acquisitions in August 2020.
SEC cryptocurrency task force to hold four roundtable meetings
The SEC's cryptocurrency task force announced after its first roundtable meeting that it will hold four more meetings in the first half of this year to discuss topics such as crypto trading, custody, asset tokenization, and decentralized finance. The dates and topics for the four meetings are: April 11 "Rules Tailored for Crypto Trading: Between Blocks and Regulation," April 25 "Know Your Custodian: Key Considerations for Crypto Asset Custody," May 12 "Asset Tokenization: The Intersection of Traditional Finance and DeFi," and June 6 "DeFi and the American Spirit."
Task force leader Commissioner Hester M. Peirce stated, "These roundtables allow us to hear expert opinions, clarify regulatory challenges, and explore the SEC's responses." All roundtables will be live-streamed to the public.
BlackRock approved by UK regulator to operate as a crypto asset company
BlackRock has been approved by the UK's Financial Conduct Authority (FCA) to register as a cryptocurrency company, meaning the investment giant can offer crypto services in the UK.
According to the regulator's website, on April 1, BlackRock became the 51st crypto asset company registered with the FCA, joining the ranks of companies like Coinbase, PayPal, and Revolut. The FCA has faced criticism from the crypto industry for approving only about 14% of registration applications in the past, stating on its website, "We rejected submissions that did not include the key components necessary for assessment or were invalid due to poor quality of key components."
Circle spends $210 million to acquire Coinbase's stake in Centre
According to The Block, in its IPO prospectus submitted on Tuesday, Circle stated that it acquired the remaining 50% stake in Centre Consortium, previously held by Coinbase, for $210 million in stock in 2023. Centre Consortium is the joint venture responsible for issuing the USDC stablecoin, and Coinbase and Circle were partners in this venture.
Circle wrote in the "Significant Transactions" section of the IPO prospectus: "In August 2023, at the same time we signed the cooperation agreement, we acquired the remaining 50% stake in Centre Consortium LLC from Coinbase." Circle is now the sole issuer of USDC and has disclosed detailed financial statements in the IPO prospectus.
16 crypto billionaires make Forbes billionaire list
According to Bitcoin.com News, 16 billionaires from the cryptocurrency sector have made it onto Forbes' latest "World Billionaires List," with Binance founder Changpeng Zhao having a net worth of $63 billion, and Tether co-founder Giancarlo Devasini with a net worth of $22.4 billion. Coinbase founder Brian Armstrong and MicroStrategy's Michael Saylor made the list with fortunes of $9.5 billion and $7.4 billion, respectively.
Circle paid Binance $60.25 million for a two-year USDC promotion and holding partnership
According to the IPO S-1 filing submitted by stablecoin issuer Circle to the SEC, Binance became the first approved participant under the stablecoin ecosystem protocol in November 2024. Under the cooperation agreement, Binance is required to promote USDC on its platform and hold a certain amount of USDC in its financial reserves.
Circle paid Binance a one-time upfront fee of $60.25 million and agreed to pay monthly incentive fees based on the USDC balance held by Binance. The incentive fees are only paid when Binance holds at least 1.5 billion USDC, while Binance commits to holding 3 billion USDC (with exceptions in specific circumstances).
The cooperation is divided into two parts: marketing and financial reserves, both for a two-year term. If Binance prematurely terminates the marketing agreement, it must still fulfill a one-year reduced fee payment and promotional obligations. Both parties can terminate the agreement early under specific circumstances.
Binance Alpha launches ZETA, SAFE
According to the official page, Binance Alpha has launched ZETA and SAFE.
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He specifically mentioned that maintaining a habit of face-to-face communication with two clients each week helps him capture market changes in a timely manner and adjust strategies and product directions more effectively. He also emphasized the importance of continuous learning and adapting to market changes, providing advice and guidance for newcomers to the industry.
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Meme Popularity Ranking
According to the meme token tracking and analysis platform GMGN, as of April 2, 19:50:
The top five trending Ethereum tokens in the past 24 hours are: Kekiusa, MIPRAMI, CHARLIE, KEK, MOONKIN
The top five trending Solana tokens in the past 24 hours are: PIPE, ELON, REVS, FBS, BUTTCOIN
The top five trending Base tokens in the past 24 hours are: GRK, VIRTUAL, AGENT47, MOON, AIXBT
