Summary and analysis of major events this week Circle has successfully gone public, with a current stock price of $114, a significant increase from its initial public offering (IPO) price of $31. 2025 may become the first year for cryptocurrency companies to enter the public market. Bitwise predicts that 2025 will be the 'year of cryptocurrency IPOs', and Circle's high valuation has set pricing benchmarks for' compliant revenue+infrastructure 'companies such as Coinbase, Anchorage, and EigenLayer. Institutional funds will prioritize pursuing projects that already have cash flow and controllable regulatory exposure, rather than pure concept stocks. World Liberty Financial (WLFI) has partnered with Binance Chain (BNB), Pancakeswap, and Four Meme to inject liquidity into stablecoin USD1. A "USD1 Liquidity Incentive Event" (event period: June 4th to July 4th) will offer a total reward of $1 million, including a token buyback worth $400000 and up to $200000 in liquidity support for two winning projects (a new Meme project and an existing BSC project). It is rumored that the Trump family is purchasing these Meme tokens to promote the popularity of USD1. The official wallet address of WLFI has been found to have purchased B (BUILDonBsc_AI) tokens. At present, there are 30 known trading pairs linked to USD1, and over time, more existing tokens will also be paired with them, with the number expected to continue to increase. USD1 binds highly narrative Meme to stablecoin market making, which is equivalent to directly exchanging attention for depth. Successful liquidity incentive, BSC may replicate the ecological token explosion of 2021 3. Trump vs Musk Trump criticized the spending bill for removing mandatory electric vehicle quotas and threatening to cut Tesla subsidies; TSLA immediately called back. Elon Musk's retirement from Dragon+calling for impeachment is more of a public opinion war, but he is using it to consolidate the liberal base.