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The Dypto Times - Circle (Finally) Goes Public and Takes Wall Street By Storm
Several crypto companies are in the spotlight this week, the Ethereum Foundation is hard at work, and ByBit has revamped security
Matthew Ruley
June 11, 2025
What a week to be alive and in the crypto space! Circle went public last week, and the stock has gone parabolic. It went live at $31, and as of the time of this writing, it’s currently sitting at $107.
Gif by pudgypenguins on Giphy
But that’s not all that happened this week. Let’s get after it.
From the Dypto Crypto Newsroom
Crypto Companies in the Spotlight This Week
TLDR
Circle has finally gone public — and the results were impressive.
Cleanspark has doubled its BTC holdings from last year, allocating resources to make its miners more efficient.
Semler Scientific made another huge Bitcoin purchase.
The world of publicly traded crypto companies continues to showcase both innovation and resilience. This week has brought neat developments for three major players making headlines in cryptocurrency, blockchain, and Bitcoin mining.
What do all these developments mean for users?
They say that no news is good news. And most of the time, we wholeheartedly agree. But in the case of crypto and good news, we’ll take all that we can get our hands on.
These stories highlight three distinct but interconnected aspects of the crypto world:
Circle’s IPO demonstrates the growing integration of cryptocurrency platforms into mainstream finance.
CleanSpark’s advancements show how infrastructure and operational efficiency can drive success in Bitcoin mining.
Semler’s strategy reflects the growing institutional adoption of Bitcoin as a long-term asset.
For retail investors and crypto enthusiasts, these developments illustrate the importance of monitoring publicly traded crypto companies to gain a deeper understanding of market trends.
From innovative technology solutions to substantial treasury allocations, these companies play a pivotal role in shaping the future of cryptocurrency and blockchain.
How Bybit Is Revamping Security After the Largest Hack Ever
TLDR
In February, ByBit was hacked by the Lazarus Group for $1.5 billion.
It was the largest crypto hack in history.
This is how the team has responded and how they’re moving forward with security in mind.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been rewriting the rulebook on crypto security following a sophisticated cyberattack. It wasn’t just sophisticated. It wasn’t just an attack, either. It was the single largest breach in crypto history.
“ByBit isn’t available in the US. So it doesn’t even affect us. What’s the point of this article?” The crypto industry is global. What can impact one exchange can impact another. We’re all a crypto family of sorts. What ByBit has learned about the hack and how it has strengthened its defenses can be applied by everyone, from users to exchanges, to make crypto a safer place.
What Bybit’s revamp means for the crypto industry.
Bybit’s multi-tiered security overhaul comes at a pivotal time for the cryptocurrency sector. With the rising adoption and increasing amounts of money flowing through exchanges, the stakes are super high right now.
Cybercriminals continuously refine their methods, and platforms have to evolve to stay ahead of bad actors.
For users, Bybit’s actions serve as a reminder to prioritize security when choosing an exchange. While no platform can guarantee immunity from attacks, those that actively invest in cutting-edge safeguards demonstrate a commitment to protecting their users.
Who Will Be the Next Crypto Company to Go Public?
TLDR
Circle went public last week. The stock price soared higher than any meme coin.
Rumors are starting to circulate about the next company to IPO.
Some would love to see Tether. But they will probably never go public. Keep reading to see where we’re placing our bets.
The world of cryptocurrency has always been a hotbed of speculation, not just about coins and tokens but also the companies behind them. With Circle making its debut on the New York Stock Exchange (NYSE) and rumors circulating about other potential public offerings, the question on everyone’s mind is, “Who’s next?”
Everyone on the internet is speculating. So, we’re going to clear up some things and tell you what we think, without a doubt, the next public crypto is going to be. And we’re pretty sure we’re right.
Our take? Gemini.
On June 7, Gemini released a statement announcing the confidential filing of a draft registration for a potential public offering.
Gemini is positioning itself as a major contender in the crypto IPO race. Before you guys start looking to add Gemini stock to your watchlist, keep in mind that this is a draft that was submitted. It’s the first step. Not the last.
We think this is the right time for Gemini to make the move. With increasing interest in regulated exchanges and the ongoing push for broader adoption of digital assets, Gemini could capture a nice chunk of the market interest.
Question of the Week
A social media follower - “I’m starting to get crypto. But I keep seeing decentralized AI talked about online. Is it a new type of crypto or something completely different?”
Meme of the Week
Deep Dive - Breaking Down the EF’s Newest Blog Post
The Ethereum Foundation (EF) recently released an in-depth blog post. This was no ordinary blog post. It wasn’t a “day in the life coding ETH” stuff. It wasn’t “this would be a cool idea, wouldn’t it?”
It outlines a refined strategic approach to managing its substantial treasury. To us, that’s a big deal. Here’s why.
The Ethereum Foundation is reevaluating its approach to managing treasury assets to align short-term spending with long-term objectives. Its new strategy emphasizes maintaining flexibility to support the ecosystem during critical moments or economic downturns while also prioritizing sustainable growth.
Managing crypto-based reserves requires not only financial acumen but also a strict adherence to Ethereum’s principles. EF prioritizes safety, security, and decentralization, especially when deploying its funds.
The Ethereum Foundation’s refined strategies reflect its dual role as both an innovator and a stabilizing force within the blockchain world. We think anyone reading this can agree that we could use a bit more stability.
Question of the Week Answer
DeAI, at least technically, has nothing to do with crypto or blockchain tech. However, many of these startups are operating on blockchains. Why? The reasons we’ve discussed previously have a lot to do with it. Decentralization. Transparency. Speed. And yes, some of them have, or intend to create, tokens to fuel growth and raise capital.
Is it another type of ChatGPT?
Decentralized AI works differently from systems like ChatGPT, which are centralized. Let’s break it down:
Think of ChatGPT as a giant brain sitting in one place (a central server). Every question or request you send is processed in this single location. It’s highly efficient but relies entirely on this "big brain." If that central server goes offline or is compromised, the system stops working.
Decentralized AI, on the other hand, distributes its computational power across a network of computers, much like dividing tasks among a group of friends rather than relying on a single person.
Each computer (or node) in the network handles a piece of the workload. This setup makes the system more resilient — if one node goes down, the others can keep working. Additionally, it means individuals don’t have to hand over all their data to a big central server, which can feel more secure and private.
Decentralized AI opens the door to more transparent, secure, and collaborative ways of using artificial intelligence — something that's harder to achieve with traditional centralized systems like ChatGPT.
Closing Shenanigans
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