Crypto News. May 3, 2025

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DeFi

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Circle is increasing its IPO offering to 32 million shares, priced at $27-$28, up from 24 million shares at $24-$26.

It aims for a $7.2 billion val on the NYSE.

BlackRock’s shown strong interest, boosted Circle's IPO plans. Circle benefits from positive stablecoin legislation and BlackRock's existing USDC reserves, generating significant institutional interest in compliant stablecoins.

Circle's IPO could impact MKR/SKY valuation. Despite having similar net income, SKY offers daily buybacks and dividends, unlike Circle

Ethereum announced a major new initiative called Protocol, signaling a big shift in its approach and priorities:

. Improve base layer efficiency

. Enhance rollup infrastructure and performance.

. Improve User Experience (UX) –

In details:

Ethereum is becoming more proactive and structured in its development strategy.

• Commitment to L2s and rollups.

• Establish Ethereum as the internet’s settlement layer.

This comes after ETH’s 1 trillion Initiative a week ago

The 1 Trillion Initiative is Ethereum’s long-term ambition to be the settlement layer of the internet.

With Protocol, they’re now putting structure and engineering muscle behind that vision — scaling L1, empowering L2s, and fixing UX.

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