Daily News: Trump Touts EU Tariffs, Circle Files IPO, MetaMask Integrates Solana, and More

President Trump: “Very Satisfied” with 50% Tariffs on EU, Meeting Likely with EU Leaders

U.S. President Donald Trump strongly approved the decision to impose a 50% tariff on the European Union, stating, “I’m very satisfied.” He noted that the EU has requested to swiftly schedule a meeting, signaling a willingness to engage. “This is a positive step. We hope the EU will open up its markets to the U.S.,” Trump said.

Trump Media & Technology Group Launches $2.5 Billion Bitcoin-Backed Bond Offering

Trump Media & Technology Group (DJT) has announced a $2.5 billion Bitcoin treasury bond initiative, Bloomberg reports.

SEC Initiates Review Process for WisdomTree Spot XRP ETF Application

The U.S. Securities and Exchange Commission (SEC) has officially launched proceedings to evaluate Cboe BZX Exchange’s proposal to list the WisdomTree XRP Fund, which aims to track the performance of the XRP cryptocurrency based on the CME CF Ripple-Dollar Reference Rate. The SEC is specifically examining whether the application meets anti-fraud, market integrity, and investor protection requirements. Public comments are due within 21 days of publication in the Federal Register, with rebuttals allowed within 35 days. This marks a pivotal stage in the XRP ETF approval process.

USDC Issuer Circle Files for IPO on NYSE

Circle Internet Group, the second-largest issuer of USDC stablecoin, has officially filed for an IPO on the New York Stock Exchange. The company plans to offer 24 million Class A shares, including 9.6 million from the company and 14.4 million from existing shareholders. The IPO price range is expected to be between $24 and $26 per share, with the ticker symbol “CRCL.”

Movement Launches MoveDrop on Mainnet

Movement Foundation has officially kicked off the MoveDrop as part of its mainnet rollout. Users can now claim MOVE tokens through the project’s official portal. The ecosystem also introduces new features, including a DeFi Spring initiative offering up to 250 million $MOVE in rewards across 10+ applications, and the Parthenon platform, which enables users to earn evolving NFTs and other rewards. Movement has partnered with Arkai World, Capygo, and others in the NFT space.

Puffverse Updates Tokenomics: Increases Initial Circulating Supply by 1.79%, Cuts Team Allocation

Puffverse has revised its token economic model, increasing the initial circulating supply to 11.66% (+1.79%) while reducing the team allocation to 9% (-3%). The update follows Binance Alpha’s announcement that it will list Puffverse (PFVS) on May 27.

MetaMask Now Supports Solana Network

MetaMask has officially added support for Solana blockchain to its browser extension. Users can now manage both Ethereum and Solana wallets in a unified interface, including token transfers, swaps, bridging, and dapp interactions. Security features such as real-time alerts, malicious dapp detection, and transaction simulation will apply to Solana as well. Mobile support is expected in the coming weeks.

SharpLink Gaming Raises $425 Million in Private Placement, Will Use ETH as Treasury Reserve Asset

SharpLink Gaming, Inc. (Nasdaq: SBET) has announced a $425 million PIPE (private investment in public equity), offering approximately 69.1 million shares at $6.15 per share ($6.72 for management insiders). Led by Consensys Software Inc., other investors include ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital. The funds will primarily be used to purchase Ethereum (ETH) as a core treasury asset. Following the deal, Consensys founder and Ethereum co-founder Joseph Lubin will join SharpLink’s board as Chairman and serve as strategic advisor.

Standard Chartered: SOL Could Hit $500 by 2029

Standard Chartered Bank predicts Solana (SOL) may reach $500 by 2029, though it is expected to lag behind Ethereum in the short term. Geoffrey Kendrick, Head of Digital Asset Research, highlighted Solana’s current overreliance on memecoin activity as a growth concern. Despite its low fees and high throughput, broader use cases may take 2–3 years to develop. The bank expects SOL to reach $275 by the end of 2025 and projects the ETH/SOL ratio to hit 17 by end-2027. It also forecasts Bitcoin to hit $200,000 by end-2025 and $500,000 by 2028, with the stablecoin market growing to $2 trillion by 2028.

Thailand to Enable Crypto Payments for Tourists

Thailand is preparing to allow tourists to spend cryptocurrencies via credit card-linked platforms, according to Deputy Prime Minister and Finance Minister Pichai Chunhavajira. The Ministry of Finance and the central bank are currently reviewing the proposal. Merchants will receive Thai baht as usual, and typically won’t be aware that crypto was used in the transaction. Thailand also plans to unify its traditional and digital financial regulations and will launch blockchain-based “G-Tokens” to enable retail investors to purchase government bonds in fractional units.

Cobie Launches ICO Platform Sonar, First Project Plasma Valued at $500M

Crypto investor Cobie (Jordan Fish) has launched a new ICO platform called Sonar under the Echo brand. Its debut project, Plasma—a Bitcoin sidechain fully compatible with Ethereum’s virtual machine—is valued at $500 million. Plasma is offering 1 billion XPL tokens (10% of the total supply) at $0.05 each, aiming to raise $50 million. The token sale is open globally (excluding the UK and sanctioned regions), with U.S. participants facing a 12-month lock-up and others a 40-day lock-up. The project is currently in private testnet, with a public testnet expected in the coming weeks and mainnet launch anticipated by late summer.