Circle, issuer of the USDC stablecoin, is reportedly postponing its IPO plans amid ongoing market conditions, including potential tariffs from the Trump administration. Circle’s partnership with Coinbase, which receives 50% of the revenue from USDC reserves, raised concerns about the firm's financial viability. In recent developments, Strategy’s Bitcoin treasury has grown to account for 2.5% of the total BTC supply, having acquired over 528,185 Bitcoin valued at $35.6 billion. The firm is on track to reach 3% of supply soon. Bakkt Holdings is facing legal challenges due to allegations of misrepresenting its revenue streams and has lost major clients, impacting its market position. Additionally, the overall market remains volatile as Bitcoin miners struggle, with significant losses reported among top mining firms. The article highlights the ongoing challenges and shifts within the crypto financial landscape, emphasizing concerns over revenue stability and market confidence.

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