Circle submits listing application to the New York Stock Exchange

1. Circle Submits Listing Application to the New York Stock Exchange
Circle has submitted a listing application to the New York Stock Exchange, planning to issue 24 million shares of Class A stock, of which 9.60 million shares come from the company and 14.40 million shares from shareholders. The expected stock price is between 24 and 26 USD, with the trading symbol CRCL.

2. Google Researchers: Quantum Resources Needed to Crack Bitcoin Reduced by 20 Times
The latest research from Google's quantum team shows that the quantum resources required to break the RSA encryption supporting systems such as Bitcoin wallets and bank accounts are 20 times less than previously estimated. Researcher Craig Gidney pointed out that in 2019 he estimated that 20 million "noisy qubits" would be needed to factor a 2048-bit RSA number within 8 hours. According to the latest algorithms and error correction optimizations, now fewer than 1 million qubits and about one week could complete the same task. Although Google studied RSA encryption, Bitcoin uses elliptic curve cryptography (ECC), which has a similar mathematical structure. If RSA can be broken earlier by quantum computing, the security timeline of ECC will also be significantly compressed.

3. Trump Media (DJT) Announces Completion of 2.50 Billion USD Private Placement, Plans to Establish Bitcoin Vault
Trump Media (DJT) has completed private placement agreements with approximately 50 institutional investors, planning to issue about 1.50 billion USD in common stock and 1 billion USD in convertible bonds, with a total financing amount of approximately 2.50 billion USD, expected to settle on May 29. The funds raised will mainly be used to establish a Bitcoin vault. Cryptocom and Anchorage Digital will provide custody services for Trump Media's Bitcoin vault.

4. Filipino Chinese Community Leader Guo Congyuan Kidnapped and Murdered; Ransom Transferred via $USDT and Huione Pay
Sanlian Life Weekly reported that Filipino Chinese community leader Guo Congyuan was kidnapped and murdered. His family paid a ransom exceeding 26 million RMB. The main transfer process was: the ransom was first paid in pesos to the electronic wallet accounts of two casino intermediary companies — 9 Dynasty Group and White Horse Club — then part of it was exchanged into USD, then into $USDT, with most of the amount withdrawn through the Huione Pay financial platform account located in Cambodia. The masterminds of the case are all Chinese nationals, and Gong Wenli has been arrested.

5. Thailand Plans to Allow Tourists to Use Cryptocurrency for Spending
Thailand's Finance Minister Pichai Chunhavajira stated that in some countries, cryptocurrencies can be used to pay for goods or linked to credit card systems, with credit card companies completing the exchange at exchanges, and sellers receiving local currency. However, this practice is not yet allowed in Thailand. In the future, it may consider linking cryptocurrencies with certain services, but under a strict regulatory framework. The Finance Ministry has held consultations with the Bank of Thailand (BOT) and plans to pilot this first. The first pilot project will allow tourists to link digital assets to credit cards for spending within Thailand.