Circle Crypto IPO $7.2B, BTC Buy, Tether Gold—Why It Matters

What Happened in Crypto Today? Circle IPO News, Tether, Saylor, BTC

If you're wondering what happened in crypto today, June 3 brings a flood of action. From Circle’s massive IPO valuation to Strategy’s bold Bitcoin buy, and from Tether’s gold backed stablecoin launch on TON to shifting dynamics in the gold vs silver ratio, there’s a lot unfolding. Let’s break it down.

Circle's $7.2B IPO Plan: Will USDC Go Big on Wall Street?

Circle is a stablecoin powerhouse known for their issuance of USDC, and with a new attempt to IPO, they are in the news. It has filed under the ticker CRCL, and it is looking for a $7.2 billion valuation on the New York Stock Exchange with the buzz prompting investors to wonder: when is Circle USDC IPO launching? 

• It plans to raise $896 million through 32 million shares priced between $27-$28.

• After delays due to Trump era economic uncertainties, this big Circle IPO relaunch reflects a new appetite for compliant crypto investment.

Strategy Buys 705 More BTC, Launches $250M STRD Raise

In another headline for why crypto market is up today, Michael Saylor’s firm Strategy just grabbed 705 BTC, spending roughly $75.1 million at an average price of $106,495 per coin.

Source: Michael Saylor X

• At the same time, they’ve launched a new $250 million stock offering of STRD (10% Series A Perpetual Preferred Stock).

• This takes Michael Saylor Bitcoin holding total to 580,955 BTC, more than any public company to date.

Key point: The strategy bitcoin buy shows no signs of slowing, even when others hesitate.

Tether Rolls Out Gold-Based XAUt0 Token on TON Blockchain

Tether has introduced its yellow shinny asset backed stablecoin, XAUt0, through a new omnichain setup deployed on the TON blockchain, as per WU Blockchain data.

Source: X

• It follows the Omnichain Fungible Token (OFT) model, letting users move yellowish shinny asset tokens across blockchains with zero wrapping needed.

• This collaboration between Tether and TON directly targets competition like PAXG, and even traditional gold ETFs.

Context: As the price of yellow metal jumps to $3,386/oz, the idea of using blockchain for physical assets is catching attention. That makes Tether xaut0 gold stablecoin on ton a story to watch.

Gold-Silver Ratio Nears Major Shift — Could It Move Bitcoin?

A new analysis by Rashad Hajiyev suggests the gold to silver ratio may drop fast—from 98 to 91—which could push silver to around $37.25/oz in a single day.

Source: Rashad Hajiyev X Account

• Most trusted safe-heaven metal is already up 45% YoY and sits around $3,400/oz, while silver could spike quickly.

• At the same time, Bitcoin holds at $105,375.46, up 0.96%, with trading volume up 10.44% at $44.05B.

• In a world of shifting safe-havens, bitcoin vs gold and gold vs silver ratio are now major indicators of investor sentiment.

Stablecoin Regulation Gains Momentum as Global Divide Lingers

Even as digital dollars go mainstream, full adoption isn’t easy. Still, Citi sees stablecoins reaching $3.7 trillion by 2030, assuming regulation keeps pace.

• In the U.S., the GENIUS Act, first proposed in Feb 2025, passed a Senate procedural vote on May 20.

• Europe already implemented MiCA in June 2024, ensuring uniform rules for crypto issuers and consumer protections.

• Yet confusion across countries still limits full adoption, keeping stablecoin growth uneven.

Conclusion

In case you missed it, what happened in crypto today isn’t just headlines—it’s history unfolding. From circle IPO news making waves on Wall Street to gold-backed stablecoins redefining digital asset, and Michael Saylor’s BTC moves reinforcing institutional confidence, June 3 brought the heat. 

With shifting hard asset ratios and new legal progress on stablecoins, the crypto market shows it's maturing fast—just not evenly across the globe. Stay sharp, do your own research, and keep watching this space.