Justin Sun’s insolvency accusations against First Digital Trust (FDT) shook the crypto market. The Tron founder urged users to withdraw funds, leading to a temporary depeg of FDUSD. 

Meanwhile, Circle has initiated its second attempt at an IPO as the USDC issuer filed its prospectus with the Securities and Exchange Commission (SEC). The stablecoin issuer aims for a $5 billion valuation as it navigates a volatile market fraught with regulatory challenges.

Meanwhile, Shibarium hit 1 billion transactions within two years of launch, and the Trump family is continuing to expand its footprint in the crypto ecosystem. Let’s recap some of the biggest stories from the week.

Bitcoin

Bitcoin proxies Strategy, Metaplanet, and Boyaa could be ready to break out and head significantly higher. …