Ronak Kumar

Ahmedabad

Content writer at The Crypto Times

Management Trainee - Accounts Payable at Welspun Transformation Services Limited

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Articles

Crypto Trader James Wynn Lost $100M, Says He ‘Lost Control’

1 day ago | cryptotimes.io | Ronak Kumar

James Wynn, a well-known pseudonymous crypto trader, has stunned the community with a shocking confession that he lost $100 million in just a few days after a string of high-risk trades on Hyperliquid. Wynn gained fame for turning small meme coin bets into millions, especially after flipping $7,000 in PEPE into over $25 million. But his recent experience with leveraged trading on Hyperliquid ended in disaster.
Dogecoin Founder Markus Calls Trump’s Tariffs “Stupid” on X

1 day ago | cryptotimes.io | Ronak Kumar

Billy Markus, the Dogecoin founder, recently ignited a heated debate on X (formerly Twitter) about former President Donald Trump’s tariff policies. In a tweet, Markus questioned whether Trump’s tariffs could finally be called “stupid,” stirring strong reactions online. Trump imposed tariffs on goods from other countries to help protect American industries and cut unemployment. Supporters say tariffs help local businesses, but Markus and many others disagree.
Tesla Drops 16%, $150B Lost After Musk Criticizes Trump Bill

1 day ago | cryptotimes.io | Ronak Kumar

Tesla has lost over $150 billion in market value as CEO Elon Musk wages a public feud with President Donald Trump over a massive federal spending bill. The company’s shares have dropped 21% since May 27, and are now down 33% since Inauguration Day falling from $424 to $284. The rift began when Musk called Trump’s $2.4 trillion spending package a “disgusting abomination” and criticized it for excluding EV tax credits.
Chamath Calls Circle Acquisition a “Steal Deal” for Buyers

2 days ago | cryptotimes.io | Ronak Kumar

Billionaire investor Chamath Palihapitiya believes acquiring Circle, the USDC stablecoin issuer, would be a “steal deal” for companies like Ripple or Coinbase. His comments come as Circle seeks to raise $1.1 billion through its IPO, pricing shares at $31 and giving it a fully diluted valuation of $8.1 billion. Chamath noted that even a $12–13 billion purchase price would be a bargain for what Circle could be worth in the next 20 years.
SEC Delays Decision on Canary’s Spot SUI ETF Filing

2 days ago | cryptotimes.io | Ronak Kumar

The U.S. Securities and Exchange Commission (SEC) has delayed its ruling on Canary’s application for a Spot ETF following the Sui blockchain’s native token, SUI. Because of this delay, investors and market observers are eager to hear more. A Spot ETF allows investors to gain exposure to crypto assets like SUI without owning the actual tokens. Canary’s ETF is designed to be unique, as it works to include SUI in the expanding market of crypto-based financial products.
Circle Upsizes IPO to $1.05 Billion Ahead of NYSE Debut

2 days ago | cryptotimes.io | Ronak Kumar

Stablecoin issuer Circle Internet Group has once again increased the size of its highly anticipated initial public offering (IPO). The USDC manager now plans to raise $1.05 billion by selling 34 million shares at $31 each, pricing above its previously marketed range. According to a Bloomberg report, this latest move boosts Circle’s valuation to $6.9 billion, based on over 220 million outstanding shares noted in its June 2 SEC filing.
California Assembly Passes Bill to Accept Bitcoin Payments

3 days ago | cryptotimes.io | Ronak Kumar

California is one step closer to embracing crypto for state transactions. On June 2, Assembly Bill 1180 (AB 1180) was unanimously approved by the California State Assembly with a vote of 68-0. The bill will be considered by the Senate for additional approval. If signed into law, AB 1180 will allow state departments to accept digital assets, like Bitcoin, for payments related to the Digital Financial Assets Law (DFAL).
Ripple CEO Rejects Claims of $5 Billion Offer to Buy Circle

3 days ago | cryptotimes.io | Ronak Kumar

Ripple CEO Brad Garlinghouse has firmly denied recent reports claiming his company made a $4 to $5 billion offer to acquire stablecoin issuer Circle. During a conversation with Georgetown Law professor Chris Brummer at the Ripple Las Vegas conference, Garlinghouse stated that Ripple never pursued any deal to buy Circle. Brummer shared on X (formerly Twitter) that Garlinghouse was “unequivocal” about Ripple’s position, saying the company wished Circle well but had no plans to acquire it.
GENIUS Act Faces Over 60 Amendments in Senate Talks Report

3 days ago | cryptotimes.io | Ronak Kumar

The U.S. Senate is racing against time to finalize the GENIUS Act, a key bill now under heavy negotiation. Lawmakers are currently reviewing over 60 proposed amendments, sparking intense bipartisan talks aimed at streamlining the legislation. As reported by journalist Eleanor Terrett on X, both parties are currently talking about how to reduce the length of the amendment list. If they reach an agreement soon, the bill could hit the Senate floor by the end of this week.
ARK 21Shares Bitcoin ETF to Split Shares 3-for-1 on June 16

4 days ago | cryptotimes.io | Ronak Kumar

The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 stock split on June 16, aiming to attract more retail investors. Issuer 21Shares announced the move on June 2, saying the split will make the ETF more affordable and improve trading efficiency. According to the announcement, a stock split doesn’t change the value of your investment—it simply divides each share into three. So, if ARKB closed at $104.25 on June 2, each share would be worth just under $35 after the split.