Strategy adds 4,020 Bitcoin, Circle files for IPO, India eyes crypto tax cut | Weekly Recap
Crypto NewsSunday, June 1, 2025 at 7:00:00 PM
This week’s crypto roundup is packed with big moves: a mystery "Strategy" entity (alongside GameStop) scooped up over $900 million in Bitcoin, signaling major institutional interest. Meanwhile, Circle—the company behind stablecoin USDC—filed for an IPO, a potential milestone for crypto’s mainstream financial integration. On the policy front, India might slash its steep crypto taxes, while El Salvador and Pakistan doubled down on their national crypto reserves despite pushback from traditional institutions.
Editor’s Note: The crypto world isn’t just buzzing—it’s flexing. Giant Bitcoin buys and Circle’s IPO plans suggest growing confidence from big players, while countries like India easing taxes could open the floodgates for more adoption. Even amid regulatory headwinds, nations like El Salvador are sticking to their crypto bets, hinting at a broader shift in how money and sovereignty might work in the future. If you’re watching crypto, this week shows it’s far from fading into the background.
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