Announcements Gate Research: USDC Issuer Circle Advances IPO Plans; Babylon Genesis Phase 2 Mainnet Launch Nears

Gate Research: USDC Issuer Circle Advances IPO Plans; Babylon Genesis Phase 2 Mainnet Launch Nears

2025-04-01 14:27:37 UTC 32117 Read

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Gate Research Daily Report: On April 1, Bitcoin edged up 0.07% to $83,010, while Ethereum dipped 0.30% to $1,835. Digital assets saw $226 million in net inflows over the past week, ending a five-week outflow streak for altcoins. Stablecoin supply on Tron increased by $1.21 billion in the last 7 days. Bitcoin's exchange supply dropped to 7.53%, the lowest since February 2018. NFT marketplace X2Y2 announced it will cease operations. The second phase of the Babylon Genesis mainnet is set to launch. Circle is advancing its initial public offering (IPO) plans.

- **Market Analysis**: Bitcoin edged up 0.07% to $83,010, while Ethereum slipped 0.30% to $1,835.
- **Top Performers**: The top-performing altcoins in the past 24 hours were LGCT, MLN, and VINE, soaring 88.18%, 39.25%, and 38.46%, respectively.
- **Data Highlights**: Over the past week, 1.21 billion stablecoins were newly issued on the Tron network. Meanwhile, Bitcoin's exchange supply has dropped to 7.53%, signaling growing long-term holding sentiment.
- **Spotlight Analysis**: NFT marketplace X2Y2 announced it will cease operations, while Circle is moving forward with its IPO plans.
- **Market Opportunities**: Ambient is building the next generation of decentralized AI applications, aiming to offer fast, affordable, and open intelligent services by integrating AI technology. The project has just raised $720,000 in a seed round to support its development.

Explore today's details → <a href="https://www.gate.io/learn/articles/gate-research-usdc-issuer-circle-advances-ipo-plans-babylon-genesis-phase-2-mainnet-launch-nears/7899?pid=Web&ch=3a4fe8hb&utm_campaign=TR_6zNpGWom&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=" target="_blank">Gate Research: USDC Issuer Circle Advances IPO Plans; Babylon Genesis Phase 2 Mainnet Launch Nears</a>

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April 1, 2025
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