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Paolo Ardoino, CEO of Tether, intervened directly on X to react to speculation around a potential IPO. Despite a theoretical valuation evaluated at $ 515 billion, he cut short the rumors, saying Tether has no intention of opening his capital to Crypto investors. The CEO of Tether denies any intention to go on a standby despite online speculation. A theoretical assessment welcomed by Ardoino, although he judges her conservative in view of the reservations of the company in gold and bitcoin. The recent and successful IPO of Circle rekindles the comparisons between the two giants of the Stablecoins. Society claims its strategic freedom and independence by refusing the regulatory constraints of an IPO. A valuation deemed "down" in a context of strategic competition The very successful entry into Circle's very successful stock market, a few days ago, revived the comparisons between the two heavyweights in the sector. Reacting to an estimate of the CEO of Artemis, Jon Ma, who projected Tether to a valuation of $ 515 billion in the event of IPO, Ardoino praised the figure, while putting it back in perspective: "The valuation of Tether at 515 billion dollars is a remarkable figure. Perhaps a little pessimistic given our current (and increasing) cash in bitcoin and gold, but I am very honored. I am also very enthusiastic about the next growth phase of our company." This declaration suggests that the Bitcoin and gold assets held by Tether give the Crypto sector company a financial power that the market would still underestimate. The CEO is both satisfied with the implicit recognition of this evaluation, and convinced that the fundamentals of the company would justify higher capitalization. IPO rejection: continuity of an outside strategy In addition, Ardoino has dismissed the possibility of an IPO without ambiguous: "No Need to go public". This sentence summarizes Tether's strategic position: favor agility and control, by refusing the constraints that would impose a public rating. Unlike Circle, which has chosen to embrace stock market regulation, Tether claims its status as a private company to preserve its freedom of maneuver in the ecosystem. By maintaining this relative opacity, the Stablecoins Tether company is out of mind the transparency obligations that accompany an IPO: complete audits, periodic financial reports, and potential influence of shareholders. A posture that can seduce supporters of a decentralized model, but which continues to fuel questions about governance and exact composition of the reserves.

Ethereum is trading within a tightening structure heading into June 10, showing signs of consolidation following a volatile week. After rejecting near the $2,540–$2,560 zone, the asset has slipped toward the $2,500 handle, a critical short-term support. The broader technical outlook suggests indecision, with bulls defending key moving averages while momentum indicators flash warning signals. The Ethereum price today stands near $2,500, struggling to maintain traction after a failed breakout above the mid-$2,500s. On the 4-hour chart, the price is hovering just below the 20-EMA ($2,519) and attempting to stay within the Bollinger Bands middle band ($2,509). Multiple EMA clusters around the $2,519–$2,535 zone act as dynamic resistance, while downside protection begins near $2,435. The Ethereum price action earlier in the week featured a sharp intraday sell-off from $2,560, as reflected on the 30-minute and daily timeframes. This created a shooting star candle on the 1D chart, which historically signals exhaustion and potential pullback. Price is currently respecting the lower bound of a descending wedge and has yet to break decisively in either direction. Looking at short-term momentum, the RSI on the 30-minute chart sits at 37.92, dipping from overbought levels while remaining below its signal line. The MACD histogram is flatlining, with the signal and MACD lines slightly bearish (−1.87 and −0.20 respectively). This suggests that upside momentum is fading, especially after the rejection from $2,540. On the 4-hour chart, the RSI is still neutral but leaning lower, while the MACD remains capped under the zero line, indicating bearish divergence between price and momentum—a condition that could fuel further consolidation or even retracement. Ichimoku and Bollinger Bands Show Cloud Resistance The Ichimoku Cloud on the 30-minute chart shows Ethereum trapped below the Kijun-sen ($2,514) and Tenkan-sen ($2,519), both of which are declining. Price remains within the cloud, suggesting indecision, while the future cloud is flat and thin—typically a sign of low conviction in either direction. This aligns with the narrowing Bollinger Bands, which signal incoming Ethereum price volatility. Key Zones for Breakout or Breakdown On the 4H and daily timeframes, Ethereum is forming a converging wedge. Resistance lies at $2,535–$2,550, while support extends from $2,434 to $2,415. A break above the $2,560 region could reignite bullish momentum toward $2,648 and possibly $2,745 (Fibonacci 0.5 level), though it would require strong volume confirmation. On the downside, a failure to hold $2,434 may push Ethereum toward the psychological $2,387–$2,300 zone, which coincides with the broader trendline support visible on the weekly chart. The answer to why Ethereum price going down today is rooted in the market’s struggle to sustain higher levels above $2,550 despite multiple attempts. Short-term holders have likely taken profit around resistance zones, and with RSI weakening across timeframes, traders are turning cautious. Additionally, the Ethereum/Bitcoin ratio has shown weakness, suggesting capital rotation away from ETH for now. If Ethereum holds above $2,434 and breaks above $2,560 with volume, the next upside targets are $2,648 and $2,745. However, failure to hold the $2,500–$2,480 level may bring further pressure toward $2,387, which aligns with weekly Fibonacci levels. The Ethereum price update remains neutral-to-bearish in the very short term, but bulls still have a chance to reclaim momentum if the lower wedge support holds. A breakout from this compression phase will likely set the tone for the rest of June. Forecast Summary Table Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Yesterday, Paolo Ardoino, CEO of Tether, spoke directly on X (formerly Twitter) to respond to speculations about a potential initial public offering. Despite a theoretical valuation estimated at $515 billion, he dismissed the rumors, stating that Tether has no intention whatsoever of opening its capital to crypto investors. Circle’s very successful stock market debut a few days ago has rekindled comparisons between the two heavyweights in the sector. Responding to an estimate from Artemis CEO Jon Ma, who projected Tether at a valuation of $515 billion in the event of an IPO, Ardoino praised the figure, while putting it into perspective : Tether’s valuation at $515 billion is a remarkable figure. Perhaps a bit pessimistic given our current (and growing) cash reserves in Bitcoin and gold, but I am very honored. I am also very enthusiastic about the next phase of our company’s growth. This statement suggests that the bitcoin and gold assets held by Tether provide the crypto-sector company with financial strength that the market would still underestimate. The CEO is both satisfied with the implicit recognition of this valuation and convinced that the company’s fundamentals would justify a higher capitalization. Furthermore, Ardoino unequivocally ruled out the possibility of an IPO : “No need to go public”. No need to go public. This sentence summarizes Tether’s strategic position : favoring agility and control by refusing the constraints imposed by a public listing. Unlike Circle, which chose to embrace stock market regulation, Tether claims its status as a private company to preserve its freedom of maneuver within the ecosystem. By maintaining this relative opacity, the stablecoin company Tether avoids the transparency obligations that come with a public offering: full audits, periodic financial reports, and potential shareholder influence. This stance may appeal to proponents of a decentralized model but continues to fuel questions about governance and the exact composition of reserves.