Here’s what happened in crypto today

Today in crypto: World Liberty Financial has issued a cease-and-desist letter over an ‘unauthorized’ Trump-branded wallet, while stablecoin issuer Circle made its NYSE debut amid surging investor demand.WLFI sends cease-and-desist letter over ‘unauthorized’ Trump wallet — ReportWorld Liberty Financial (WLFI), the cryptocurrency platform backed by US President Donald Trump and members of his family, has reportedly issued a cease-and-desist letter to the company responsible for creating a Bitcoin wallet tied to the president’s brand.According to a June 5 Bloomberg report, WLFI sent the letter to Fight Fight Fight LLC, the company that owns Gettrumpmemes.com and is behind issuing the TRUMP memecoin. The cease-and-desist notice was reportedly issued after the non-fungible token marketplace Magic Eden and the team behind the memecoin revealed a waitlist for a crypto wallet featuring Trump’s name.Donald Trump Jr., the president’s eldest son and a “Web3 ambassador” for WLFI, said on June 3 that the Trump Organization had “zero involvement” with the crypto wallet project, announcing that the group was planning its own launch in the near future. The report cited a person familiar with the matter who asked for anonymity because the letter had not been made publicly available at the time of publication. Many US lawmakers and industry leaders have questioned the president’s crypto ventures, including his involvement in World Liberty Financial and its stablecoin, USD1, and issuing a personal memecoin that resulted in a dinner invitation to Trump’s golf club for the top 220 holders.Both June 3 posts on X from Magic Eden and Gettrumpmemes announcing the wallet were still visible at the time of publication. However, the website TrumpWallet.com, previously available for sign-ups for a waitlist, appeared to be offline following the report of the cease-and-desist letter.USDC issuer Circle debuts public trading on New York Stock ExchangeCircle, the issuer of the second-largest stablecoin by market capitalization, USDC, has begun trading on the New York Stock Exchange (NYSE).Circle CEO Jeremy Allaire took to X on June 5 to announce the company’s public debut of CRCL shares on the NYSE.The company’s public listing comes 12 years after Allaire co-founded Circle with Sean Neville with a mission to remake the global economic system by “re-imagining and re-building it from the ground up natively on the internet,” the CEO said.“Our transformation into being a public company is a significant and powerful milestone — the world is ready to start upgrading and moving to the internet financial system,” Allaire noted.Circle’s public launch came shortly after the company reported another upsizing of its initial public offering (IPO) to $1.05 billion, selling 34 million shares at $31 each. The IPO originally sought to offer 24 million shares priced between $24 and $26.Allaire’s announcement on X has drawn attention from major figures in the crypto community, including Strategy co-founder Michael Saylor and Coinbase chief legal officer Paul Grewal, who were among the first to congratulate Circle with the NYSE listing.“Congratulations, Jeremy — to you and the entire CRCL team,” Saylor wrote.Stablecoin issuer Circle boosts IPO to $1.05 billionCircle Internet Group, Inc., the issuer of crypto stablecoin USDC (USDC), again boosted its initial public offering to $1.05 billion on June 4, pricing its shares above its previous marketed range.It will now offer 34 million shares for $31 each when it goes public on the New York Stock Exchange on June 5 — upsizing its public debut from its prior offer of 32 million shares priced between $27 to $28 a pop, which Circle had already boosted from its initial 24 million share offering priced between $24 and $26.The latest IPO pricing gives Circle a valuation of $6.9 billion based on the more than 220 million outstanding shares it reported in an earlier regulatory filing.It’s Circle’s third go at going public, after pausing its debut for early April after President Donald Trump’s tariff announcement tanked global markets. It also tried an IPO in 2021 through being acquired by an Irish holding company, but the deal never went through.