The crypto world is buzzing again! Circle, the company behind the USDC stablecoin, is making big moves with its plan to go public. Meanwhile, crypto leaders like Coinbase, Ripple, Bitcoin, AAVEE, and others are snatching up headlines and the interest of crypto traders. This has created a mix of excitement and confusion in the market. Now Let’s explore some of today's major moves.
According to CME Active Trader, the XRP Futures ETF made a strong debut on May 19, hitting $5.8 million in trading volume—much higher than Ethereum’s $1.92 million.
This shows big investors are interested in XRP, even with the SEC case still going on. XRP’s price also rose 2.5% to $2.38. If demand stays strong, a spot ETF could be next.
Bitcoin is now priced at $105,285.16, showing a 2.15% rise in the last 24 hours. Its market cap has also gone up by 2.19%, reaching $2.09 trillion.
Source: CoinMarketCap
However, the 24-hour trading volume has dropped by 14.19% to $55.38 billion, as per CoinMarketCap. This means fewer people are trading, but Bitcoin’s value is still growing strong today.
A court in Australia now says Bitcoin should be treated like real money, not an asset. This could change tax rules. If it stays, Aussies who paid taxes on Bitcoin might get refunds—maybe up to $640 million!
The case started when a cop stole 81.6 BTC. Experts say it could totally change how Bitcoin is taxed. But the tax office hasn’t confirmed refunds yet.
AAVE price jumped 25% today, hitting $269, its highest since February. From April’s low, it’s up 132%! Trading volume touched $790M, rising 65%. Futures demand also hit a record $569M.
The GENIUS Act and hopes for stablecoin rules helped boost confidence. AAVE’s total locked value also rose 40% to $40.7B, making it the top DeFi project, ahead of Lido.
Circle, the company behind USDC coin, plans to go public with a $5B IPO. But Ripple and Coinbase may try to buy it first. Ripple offered $4–5B but got rejected.
Coinbase has a strong link with Circle and may succeed. Moore crypto firms jumping into the IPO parade, namely Gemini and Kraken. The crypto world is watching closely.
The crypto world is changing fast - we see IPO plans, big partnerships, possible buyouts, it's all happening at once. With leading firms making divisive moves and an increasingly friendly market, 2025 is shaping up to be a big year for the industry.
Whether it is public listings, large mergers, acquisitions, or corporate buyouts, every change and development affect the trajectory of how cryptocurrency will change and grow the industry in the future. As all these changes happen everyone is waiting to see what happens next in this open-source experimental space.
Also read: Marina Protocol Quiz Answer Today 21 May 2025: Earn Coins
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.
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