Market
Circle Shifts Headquarters to US Before Upcoming IPO

Circle Internet Financial Ltd., the issuer of the USDC stablecoin, is making a strategic move to re-domicile its legal base. The company plans to move its legal headquarters from the Republic of Ireland to the United States (US).
This decision comes ahead of its highly anticipated initial public offering (IPO). Many see this move as a significant shift for the company as it navigates the regulatory environment and seeks to bolster market confidence.
Moving to the US Might Pose Challenges for Circle
A Bloomberg report recently shared a confirmation from a Circle spokesperson. They confirmed the filing of necessary court paperwork for the move on Tuesday. However, they did not share the reasons for the decision.
BeInCrypto previously reported that Circle had already filed for the IPO to the US Securities and Exchange Commission (SEC) in January. Yet, the company did not disclose the number of shares it plans to dilute or the price range of its shares.
On the other hand, moving to the US may pose challenges for Circle, including stricter taxes and a complex regulatory scene. Indeed, the regulation of cryptocurrencies and stablecoins in the US has been uncertain.
Read more: Top 5 Crypto Companies That Might Go Public (IPO) in 2024
Notably, Ripple Labs, the company behind the XRP cryptocurrency, has faced significant legal challenges with the SEC. This challenge caused Ripple to halt its IPO plans in the US and consider alternatives abroad.
Therefore, Circle’s move suggests a strategic bet on regulatory clarity in the US. Depending on upcoming regulatory decisions, this could either boost or hinder its growth.
Despite potential obstacles, Circle’s CEO, Jeremy Allaire, remains optimistic about the future of stablecoins and their regulatory environment. At the Milken Institute Global Conference 2024, Allaire emphasized the importance of regulatory clarity, scalable technology, and user-friendly applications to widen USDC adoption and integration.
“I’ve always said you need regulatory clarity. You need the technology to become much more scalable and useable. And then, you need the people, the mainstream applications that people are going to be interacting with this, whether you are a business accepting a payment or an end user, you need those to connect up to that. All those three have been happening. We’re getting regulatory clarity on payment stablecoins all around the world and almost every jurisdiction we have a payment stablecoin act that’s at the proverbial one yard line here in the US,” Allaire said.
Allaire’s confidence is further evidenced by Circle’s collaborations with traditional finance giants such as BlackRock. Last month, Circle announced a new exchange feature for BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) investors. They can now exchange their tokenized real-world assets for USDC.
According to CoinGecko data, USDC is the second-largest stablecoin in terms of market capitalization. As of May 15, USDC has a market capitalization of $32.86 billion.
This represents nearly 21% of the stablecoin market share. It trails behind Tether’s USDT, which has a market capitalization of $110.86 billion and a 70.75% market share.
Read more: A Guide to the Best Stablecoins in 2024

In 2022, USDC and USDT were in close competition. In July 2022, USDC held over 40% of the market share, compared to USDT’s roughly 50%.
However, 2023 brought challenges for Circle, particularly due to banking issues in the US. Part of USDC’s reserves were held with Silicon Valley Bank, which faced financial troubles. This caused USDC to temporarily lose its peg, raising concerns among users and investors.
As Circle prepares for its IPO and re-domiciles to the US, its actions reflect a strategic pivot to align with US financial regulations and market dynamics. With its strong industry partnerships and commitment to regulatory clarity, this move also positions Circle to strengthen its place in the stablecoin market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
EDGE Goes Live, RSR Added to Roadmap

Coinbase, one of the leading cryptocurrency exchanges, has announced the addition of Reserve Rights (RSR) to its listing roadmap, signaling a strategic move to broaden its offerings.
This coincides with the exchange’s decision to list Definitive (EDGE), which has already sparked significant market activity.
Coinbase Adds RSR To Roadmap
Reserve Rights is an ERC-20 token native to the Reserve Protocol. The platform offers a permissionless decentralized framework for stablecoin development. It enables users to create yield-bearing, asset-backed, and overcollateralized stablecoins on the Ethereum (ETH) blockchain.
The addition of RSR to Coinbase’s listing roadmap has caught considerable attention, partly due to its association with Paul Atkins, President Donald Trump’s nominee for SEC Chair.
Atkins previously served as a crypto advisor for the Reserve Protocol. He is widely regarded as a crypto-friendly figure—standing in sharp contrast to his predecessor, Gary Gensler, who oversaw a stringent crackdown on the industry during his tenure.
Notably, the exchange’s move was celebrated by the platform.
“Great to see more opportunities for people to participate in the Reserve ecosystem,” Reserve Protocol posted on X (formerly Twitter).
Despite the development, RSR’s price has shown only modest movement.

According to the latest data, it was trading at $0.006. This reflected a 1.2% increase over the past 24 hours.
However, the token has gained strong community support. CoinMarketCap data showed a 91.6% bullish sentiment among users. This indicated increased user confidence in its potential.

EDGE Sees Triple-Digit Rally Post Coinbase Listing
While RSR’s price showed only small gains, the EDGE token’s reaction has been much more dramatic. Coinbase revealed via X that it would list the Definitive platform’s utility token, EDGE.
“Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established trading on our EDGE-USD trading pair will launch in phases. Support for EDGE may be restricted in some supported jurisdictions,” the announcement read.
Following this, EDGE saw its price surge by an impressive 120.6% to $0.091. Previously, a similar reaction was observed in Doginme (DOGINME) and Keyboard Cat (KEYCAT) after they secured a listing on the exchange.

EDGE’s listing, however, comes with an “Experimental” label. This is a designation Coinbase uses to indicate assets that may carry higher risk or volatility.
“The Experimental asset label will not impact your ability to send, receive, buy, sell and/or hold assets on Coinbase. However, we do ask you to read and confirm you understand the risks involved, such as price swings and canceled orders, before trading an experimental asset for the first time,” the blog reads.
As Coinbase continues diversifying its portfolio, the addition of RSR and EDGE highlights the growing acceptance of diverse blockchain projects. These listings may provide new opportunities for investors. However, the associated risks should be carefully considered.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
10 Altcoins at Risk of Binance Delisting

On April 3, Binance announced that it would add a new set of tokens to its monitoring list. These tokens are under closer scrutiny and may face delisting following the upcoming review period.
This move follows the exchange’s aims to increase transparency while offering more clarity regarding the risk levels associated with different cryptocurrencies.
10 Altcoins in Danger of Binance Delisting
As part of this update, the following tokens will be added to the Monitoring Tag list: Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL) and Wing Finance (WING).
Tokens added to the Monitoring Tag exhibit notably higher volatility and risk compared to other listed tokens. Binance will closely monitor these tokens, with regular reviews to assess their compliance with the platform’s listing criteria.
“Tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance said.
Following the announcement, the prices of the mentioned altcoins plummeted by double-digits.

In addition to the new Monitoring Tag additions, Binance will also remove the Seed Tag from Jupiter (JUP), Starknet (STRK), and Toncoin (TON).
Tokens marked with the Seed Tag are those that are still in their early stages of development and have not yet met Binance’s full listing criteria. The removal of the Seed Tag indicates a change in the status of these projects. This suggests that they no longer fit the initial criteria for such a label.
Tokens with the Monitoring Tag or Seed Tag come with inherent risks. Binance ensures that users are well-informed before trading them. To access trading for these tokens, users must pass a risk awareness quiz every 90 days.
The quiz makes sure that users understand the potential risks associated with trading higher-risk tokens. Binance will also display a risk warning banner for these tokens on its Spot and Margin platforms.
Binance will continue to conduct periodic reviews of tokens with the Monitoring Tag and Seed Tag. During these reviews, several factors are taken into account. This includes the project team’s commitment, development activity, token liquidity, and community engagement.
The latest development follows a similar announcement from Binance in March. The exchange routinely delists tokens that fail to keep up with its criteria.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
HBAR Foundation Eyes TikTok, Price Rally To $0.20 Possible

Hedera (HBAR) has faced a downtrend recently, with the crypto asset’s price failing to maintain support at $0.200. This failure to establish a solid base has led to a pullback.
However, key developments within the Hedera ecosystem and shifting investor sentiment could spark a potential price rally in the coming days.
HBAR Foundation Eyes TikTok
After nearly a month of bearish sentiment, investors are beginning to shift their stance towards bullishness. The Hedera Foundation’s recent move to team up with Zoopto for a late-stage bid to acquire TikTok has played a pivotal role in this shift. If the acquisition is approved, the partnership could expose HBAR to a massive audience due to TikTok’s extensive user base, potentially driving up demand and mainstream adoption.
The prospect of this collaboration has reignited interest among investors, sparking optimism about Hedera’s future growth potential. With TikTok’s wide-reaching influence, the strategic partnership could offer Hedera an edge in the competitive crypto market, encouraging further accumulation of HBAR tokens.

On the technical front, the Chaikin Money Flow (CMF) indicator is showing signs of recovery. The CMF has started to tick upwards, signaling a potential increase in inflows. While it hasn’t yet crossed above the zero line, the growing positive momentum indicates that more capital could be entering the market. Continued inflows could provide the necessary push for HBAR to break through key resistance levels.
The increase in capital flow suggests a strengthening of investor confidence. However, for a sustained rally, more substantial buying pressure will be required to move HBAR above its current price point. If this trend continues, HBAR may see a rise in both investor interest and market value in the near future.

HBAR Price Finds Support
Currently, HBAR is priced at $0.161, just under the key resistance level of $0.165. The next significant resistance lies at $0.197, which has acted as a barrier to HBAR’s price recovery. With a 22% gap between the current price and this resistance, overcoming this hurdle could pave the way for a move toward $0.200.
Given the positive developments surrounding Hedera, it is plausible that HBAR could move toward these resistance levels. If the token can breach $0.165 and then $0.177, the path to $0.197 becomes much clearer. This would mark a critical point for HBAR as it seeks to regain lost ground.

However, if investors decide to take profits and sell before further upward movement, HBAR could fail to breach the $0.177 resistance. Such a scenario could push the price back down towards $0.154 or $0.143, invalidating the bullish outlook and prolonging the consolidation phase.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Regulation23 hours ago
Kraken Obtains Restricted Dealer Registration in Canada
-
Altcoin20 hours ago
Here’s Why This Analyst Believes XRP Price Could Surge 44x
-
Ethereum17 hours ago
Why A Massive Drop To $1,400 Could Rock The Underperformer
-
Altcoin19 hours ago
How Will Elon Musk Leaving DOGE Impact Dogecoin Price?
-
Altcoin15 hours ago
First Digital Trust Denies Justin Sun’s Allegations, Claims Full Solvency
-
Altcoin16 hours ago
Will Cardano Price Bounce Back to $0.70 or Crash to $0.60?
-
Altcoin8 hours ago
Analyst Forecasts 250% Dogecoin Price Rally If This Level Holds
-
Market7 hours ago
Cardano (ADA) Downtrend Deepens—Is a Rebound Possible?