IT

Logitech Quietly Raises Prices By Up To 25% (9to5mac.com) 149

Logitech has quietly increased prices on several flagship products by as much as 25%, according to findings (video) by YouTuber Cameron Dougherty. The MX Master 3S mouse now costs $120, up 20% from its previous $100 price point, while the MX Keys S keyboard has jumped 18% to $130. The K400 Plus Wireless Touch keyboard saw the most dramatic percentage increase, rising from $28 to $35.

These price adjustments, implemented without formal announcement, come amid ongoing tariff pressures from the Trump administration affecting PC hardware manufacturers. Chinese electronics maker Anker also recently implemented similar increases, suggesting a broader industry trend.
Star Wars Prequels

New 'Star Wars' Movie Announced Set 5 Years After 'Rise of Skywalker' (cnn.com) 124

A new Star Wars movie — starring Ryan Gosling and directed by Shawn Levy — will be released in 2027, the two announced Friday at the "Star Wars Celebration" (a fan event in Japan). CNN reports: Set to begin production this fall, the movie will be set approximately five years after "Star Wars: Episode IX — The Rise of Skywalker," released in 2019, but will sit outside the Skywalker story as a standalone film. "The film... is an entirely new adventure featuring all-new characters set in a period of time that has not been explored on screen," said a statement from Lucasfilm, the owner of the "Star Wars" franchise...

"The script is just so good, the story, it has so much adventure, so much heart and original character. It's an opportunity to shine the light into a side of the universe that we may not have seen," Gosling said. Levy, the director of "Deadpool & Wolverine," told the crowd the film would have all the "fun of 'Star Wars'" but it would be done "in ways that are new and original...."

The next movie in the franchise, "The Mandalorian & Grogu," a spin-off of "The Mandalorian" series, directed by Jon Favreau, will hit cinemas in May 2026.

USA Today notes that more new Star Wars movies have also been announced: Daisy Ridley is set to star in a film that will see her character, Rey, building a new Jedi Order after the events of "The Rise of Skywalker." [This is sometimes referred to as "Star Wars Episode X: New Jedi Order."]

"Logan" filmmaker James Mangold has also been tapped to direct a movie about the dawn of the Jedi, and [Dave] Filoni is directing one said to "close out the interconnected stories" told in the live-action Disney+ shows like "The Mandalorian."

Social Networks

Liz Truss Announces 'Uncensorable' Social Media Venture (thetimes.com) 80

databasecowgirl writes: [Liz Truss will launch an "uncensorable" social media platform this summer.] The shortest-serving prime minister, who was quickly shown the door after crashing the UK economy, claims the platform is needed to take on the Deep State. Truss has worked diligently to earn comparisons to Trump with appearances at American political rallies sporting a red MAGA cap. The effort has paid off with Trump's recent tariff announcement and resulting market meltdown, resulting in the two brands combined in the neologism Liz Trump to mark the unprecedented economic policy disasters of the two politicians.

Truss' continuing in Trump's footsteps is creating her own uncensored social media platform for the UK to talk about important matters, which apparently is unable to be achieved without censorship on Musk's X or Trump's Truth Social. While a name has yet to be announced, Lettuce Talk has been suggested as appropriate for a platform run by a prime minister whose term was famously outlasted by a head of lettuce.

Security

CISA Extends Funding To Ensure 'No Lapse in Critical CVE Services' 19

CISA says the U.S. government has extended funding to ensure no continuity issues with the critical Common Vulnerabilities and Exposures (CVE) program. From a report: "The CVE Program is invaluable to cyber community and a priority of CISA," the U.S. cybersecurity agency told BleepingComputer. "Last night, CISA executed the option period on the contract to ensure there will be no lapse in critical CVE services. We appreciate our partners' and stakeholders' patience."

The announcement follows a warning from MITRE Vice President Yosry Barsoum that government funding for the CVE and CWE programs was set to expire today, April 16, potentially leading to widespread disruption across the cybersecurity industry. "If a break in service were to occur, we anticipate multiple impacts to CVE, including deterioration of national vulnerability databases and advisories, tool vendors, incident response operations, and all manner of critical infrastructure," Barsoum said.
Businesses

Figma Confidentailly Files For IPO After Adobe Deal Collapses (cnbc.com) 19

Figma has confidentially filed for an IPO with the SEC, marking a major move more than a year after scrapping its $20 billion acquisition deal with Adobe due to regulatory pushback. CNBC reports: Figma's software is popular among designers inside companies who need to collaborate on prototypes for websites and apps. The company was valued at $12.5 billion in a 2024 tender offer. "There are two paths that venture-funded startups go down," Dylan Field, Figma's co-founder and CEO, said in an interview with The Verge last year. "You either get acquired or you go public. And we explored thoroughly the acquisition route."

The announcement lands at a precarious moment for the tech IPO market, which has been largely dormant since late 2021. The Trump presidency was expected to revive new offerings due to promises of less burdensome regulations.

Intel

Intel To Sell Majority Stake In Altera For $4.46 Billion To Fund Revival Effort (cnbc.com) 15

Intel will sell a 51% stake in its Altera programmable chip unit to private equity firm Silver Lake for $4.46 billion, aiming to cut costs, raise cash, and streamline the company's focus as it shifts toward becoming a contract chip manufacturer. CNBC reports: The deal, announced on Monday, values Altera at $8.75 billion, a sharp decline from the $17 billion Intel paid in 2015. [...] Since last year, Intel has taken steps to spin Altera out as a separate unit and said it planned to sell a portion of its stake. "Today's announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet," [CEO Lip-Bu Tan], who took the helm after former top boss Pat Gelsinger's ouster, said.

Altera makes programmable chips that can be used for various purposes from telecom equipment to military. Reuters had first reported in November that Silver Lake was among potential suitors competing for a minority stake in Altera. The deal is expected to close in the second half of 2025, after which Intel expects to deconsolidate Altera's financial results from Intel's financial statements, the company said.

Encryption

The EFF's 'Certbot' Now Supports Six-Day Certs (eff.org) 95

10 years ago "certificate authorities normally issued certificate lifetimes lasting a year or more," remembers a new blog post Thursday by the EFF's engineering director. So in 2015 when the free cert authority Let's Encrypt first started issuing 90-day TLS certificates for websites, "it was considered a bold move, that helped push the ecosystem towards shorter certificate life times."

And then this January Let's Encrypt announced new six-day certificates...

This week saw a related announcement from the EFF engineering director. More than 31 million web sites maintain their HTTPS certificates using the EFF's Certbot tool (which automatically fetches free HTTPS certificates forever) — and Certbot is now supporting Let's Encrypt's six-day certificates. (It's accomplished through ACME profiles with dynamic renewal at 1/3rd of lifetime left or 1/2 of lifetime left, if the lifetime is shorter than 10 days): There is debate on how short these lifetimes should be, but with ACME profiles you can have the default or "classic" Let's Encrypt experience (90 days) or start actively using other profile types through Certbot with the --preferred-profile and --required-profile flags. For six day certificates, you can choose the "shortlived" profile.
Why shorter lifetimes are better (according to the EFF's engineering director):
  • If a certificate's private key is compromised, that compromise can't last as long.
  • With shorter life spans for the certificates, automation is encouraged. Which facilitates robust security of web servers.
  • Certificate revocation is historically flaky. Lifetimes 10 days and under prevent the need to invoke the revocation process and deal with continued usage of a compromised key.

Facebook

After Meta Cheating Allegations, 'Unmodified' Llama 4 Maverick Model Tested - Ranks #32 (neowin.net) 17

Remember how last weekend Meta claimed its "Maverick" AI model (in the newly-released Llama-4 series) beat GPT-4o and Gemini Flash 2 "on all benchmarks... This thing is a beast."

And then how within a day several AI researchers pointed out that even Meta's own announcement admitted the Maverick tested on LM Arena was an "experimental chat version," as TechCrunch pointed out. ("As we've written about before, for various reasons, LM Arena has never been the most reliable measure of an AI model's performance. But AI companies generally haven't customized or otherwise fine-tuned their models to score better on LM Arena — or haven't admitted to doing so, at least.")

Friday TechCrunch on what happened when LMArena tested the unmodified release version of Maverick (Llama-4-Maverick-17B-128E-Instruct).

It ranked 32nd.

"For the record, older models like Claude 3.5 Sonnet, released last June, and Gemini-1.5-Pro-002, released last September, rank higher," notes the tech site Neowin.
Science

Germany To Create 'Super-High-Tech Ministry' For Research, Technology and Aerospace (science.org) 34

Germany will get a new "super-high-tech ministry" responsible for research, technology, and aerospace, according to the coalition agreement published by the incoming government this week. From a report: The announcement is one of several nods to science in the 144-page agreement, unveiled on 9 April following weeks of negotiations between the center-right Christian Democrats (CDU) and its sister party, the Christian Social Union in Bavaria (CSU) -- who together won the most seats in February's federal elections -- and the center-left Social Democrats. The agreement is expected to be formally approved by the three parties by early May, paving the way for CDU leader Friedrich Merz to be elected chancellor.

[...] The new agreement lists a number of scientific priorities for the new government, including support for artificial intelligence, quantum technologies, biotechnology, microchip development and production, and fusion energy. "Our goal is that the world's first fusion reactor should be realized in Germany," the text states. It also mentions personalized medicine, oceans research, and sustainability research as "strategic" areas. But the agreement does not include any budget estimates, and observers caution it is unclear where the money for new programs would come from. The agreement does affirm current commitments to increase the budgets of the country's main research organizations by 3% per year through 2030.

China

China Raises Tariffs on US Imports To 125% (nytimes.com) 320

China responded to President Trump's tariffs on Friday, raising its own tariffs on American goods to 125%, from 84%. The New York Times: The announcement by China's State Council came after Trump administration officials clarified on Thursday that China was now facing a minimum tariff rate of 145% on all exports to United States. China said its new tariffs will take effect on Saturday. China said it plans to ignore any further increases announced by Washington from here. Bloomberg: In a statement following China's retaliatory move, the Commerce Ministry said Washington's repeated use of excessively high tariffs has become little more than a numbers game -- economically meaningless and revealing its use of tariffs as a tool for bullying and coercion. "It's become a joke," the ministry said. CNN: The trade war between the world's two economic superpowers has tanked international markets and fueled fears of a global recession.

"There are no winners in a trade war, and going against the world will only lead to self-isolation," [Chinese leader] Xi Jinping told Spanish Prime Minister Pedro Sanchez in Beijing on Friday, according to state broadcaster CCTV.

"For over 70 years, China's development has relied on self-reliance and hard work -- never on handouts from others, and it is not afraid of any unjust suppression," Xi added.

Facebook

Meta Says Llama 4 Targets Left-Leaning Bias (404media.co) 396

Meta says in its Llama 4 release announcement that it's specifically addressing "left-leaning" political bias in its AI model, distinguishing this effort from traditional bias concerns around race, gender, and nationality that researchers have long documented. "Our goal is to remove bias from our AI models and to make sure that Llama can understand and articulate both sides of a contentious issue," the company said.

"All leading LLMs have had issues with bias -- specifically, they historically have leaned left," Meta stated, framing AI bias primarily as a political problem. The company claims Llama 4 is "dramatically more balanced" in handling sensitive topics and touts its lack of "strong political lean" compared to competitors.
Sony

NFL Adopts Sony's 'Virtual Measurements' for Football's First Downs (hawkeyeinnovations.com) 39

theodp writes: America's National Football League announced that beginning with the 2025 season, Sony's Hawk-Eye virtual measurement technology will assess and identify first downs after a ball spot.

Sony's Hawk-Eye virtual measurement technology, which consists of six 8K cameras for optical tracking of the position of the ball, is operated from the NFL's "Art McNally GameDay Central Officiating Center" in New York and is integrated with the League's existing replay system. It will serve as an efficient alternative to the process of having a three-person chain crew walk chains onto the field and manually measure whether 10 yards have been met after the official has spotted the ball.

However, the chain crew will remain on the field in a secondary capacity.

The NFL's executive VP of football operations says their move brings "world-class on field officiating with state-of-the-art technology to advance football excellence." (The NFL's announcement notes the whole process takes about 30 seconds, "saving up to 40 seconds from a measurement with the chains.")

The move comes a full seven years after Apple introduced its iPhone Measure app...
AI

In 'Milestone' for Open Source, Meta Releases New Benchmark-Beating Llama 4 Models (meta.com) 65

It's "a milestone for Meta AI and for open source," Mark Zuckerberg said this weekend. "For the first time, the best small, mid-size, and potentially soon frontier [large-language] models will be open source."

Zuckerberg anounced four new Llama LLMs in a video posted on Instagram and Facebook — two dropping this weekend, with another two on the way. "Our goal is to build the world's leading AI, open source it, and make it universally accessible so that everyone in the world benefits."

Zuckerberg's announcement: I've said for a while that I think open source AI is going to become the leading models. And with Llama 4 this is starting to happen.

- The first model is Llama 4 Scout. It is extremely fast, natively multi-modal. It has an industry-leading "nearly infinite" 10M-token context length, and is designed to run on a single GPU. [Meta's blog post says it fits on an NVIDIA H100]. It is 17 billion parameters by 16 experts, and it is by far the highest performing small model in its class.

- The second model is Llama 4 Maverick — the workhorse. It beats GPT-4o and Gemini Flash 2 on all benchmarks. It is smaller and more efficient than DeepSeek v3, but it is still comparable on text, plus it is natively multi-modal. This one is 17B parameters x 128 experts, and it is designed to run on a single host for easy inference.

This thing is a beast.

Zuck promised more news next month on "Llama 4 Reasoning" — but the fourth model will be called Llama 4 Behemoth. "This thing is massive. More than 2 trillion parameters." (A blog post from Meta AI says it also has a 288 billion active parameter model, outperforms GPT-4.5, Claude Sonnet 3.7, and Gemini 2.0 Pro on STEM benchmarks, and will "serve as a teacher for our new models.")

"I'm not aware of anyone training a larger model out there," Zuckberg says in his video, calling Behemoth "already the highest performing base model in the world, and it is not even done training yet."

"If you want to try Llama 4, you can use Meta AI in WhatsApp, Messenger, or Instagram Direct," Zuckberg said in his video, "or you can go to our web site at meta.ai." The Scout and Maverick models can be downloaded from llama.com and Hugging Face.

"We continue to believe that openness drives innovation," Meta AI says in their blog post, "and is good for developers, good for Meta, and good for the world." Their blog post declares it's "The beginning of a new era of natively multimodal AI innovation," calling Scout and Maverick "the best choices for adding next-generation intelligence." This is just the beginning for the Llama 4 collection. We believe that the most intelligent systems need to be capable of taking generalized actions, conversing naturally with humans, and working through challenging problems they haven't seen before. Giving Llama superpowers in these areas will lead to better products for people on our platforms and more opportunities for developers to innovate on the next big consumer and business use cases. We're continuing to research and prototype both models and products, and we'll share more about our vision at LlamaCon on April 29...

We also can't wait to see the incredible new experiences the community builds with our new Llama 4 models.

"The impressive part about Llama 4 Maverick is that with just 17B active parameters, it has scored an ELO score of 1,417 on the LMArena leaderboard," notes the tech news site Beebom. "This puts the Maverick model in the second spot, just below Gemini 2.5 Pro, and above Grok 3, GPT-4o, GPT-4.5, and more.

"It also achieves comparable results when compared to the latest DeepSeek V3 model on reasoning and coding tasks, and surprisingly, with just half the active parameters."
Networking

Eric Raymond, John Carmack Mourn Death of 'Bufferbloat' Fighter Dave Taht (x.com) 18

Wikipedia remembers Dave Täht as "an American network engineer, musician, lecturer, asteroid exploration advocate, and Internet activist. He was the chief executive officer of TekLibre."

But on X.com Eric S. Raymond called him "one of the unsung heroes of the Internet, and a close friend of mine who I will miss very badly." Dave, known on X as @mtaht because his birth name was Michael, was a true hacker of the old school who touched the lives of everybody using X. His work on mitigating bufferbloat improved practical TCP/IP performance tremendously, especially around video streaming and other applications requiring low latency. Without him, Netflix and similar services might still be plagued by glitches and stutters.
Also on X, legendary game developer John Carmack remembered that Täht "did a great service for online gamers with his long campaign against bufferbloat in routers and access points. There is a very good chance your packets flow through some code he wrote." (Carmack also says he and Täht "corresponded for years".)

Long-time Slashdot reader TheBracket remembers him as "the driving force behind ">the Bufferbloat project and a contributor to FQ-CoDel, and CAKE in the Linux kernel."

Dave spent years doing battle with Internet latency and bufferbloat, contributing to countless projects. In recent years, he's been working with Robert, Frank and myself at LibreQoS to provide CAKE at the ISP level, helping Starlink with their latency and bufferbloat, and assisting the OpenWrt project.
Eric Raymond remembered first meeting Täht in 2001 "near the peak of my Mr. Famous Guy years. Once, sometimes twice a year he'd come visit, carrying his guitar, and crash out in my basement for a week or so hacking on stuff. A lot of the central work on bufferbloat got done while I was figuratively looking over his shoulder..."

Raymond said Täht "lived for the work he did" and "bore deteriorating health stoically. While I know him he went blind in one eye and was diagnosed with multiple sclerosis." He barely let it slow him down. Despite constantly griping in later years about being burned out on programming, he kept not only doing excellent work but bringing good work out of others, assembling teams of amazing collaborators to tackle problems lesser men would have considered intractable... Dave should have been famous, and he should have been rich. If he had a cent for every dollar of value he generated in the world he probably could have bought the entire country of Nicaragua and had enough left over to finance a space program. He joked about wanting to do the latter, and I don't think he was actually joking...

In the invisible college of people who made the Internet run, he was among the best of us. He said I inspired him, but I often thought he was a better and more selfless man than me. Ave atque vale, Dave.

Weeks before his death Täht was still active on X.com, retweeting LWN's article about "The AI scraperbot scourge", an announcement from Texas Instruments, and even a Slashdot headline.

Täht was also Slashdot reader #603,670, submitting stories about network latency, leaving comments about AI, and making announcements about the Bufferbloat project.
AI

Midjourney Releases V7, Its First New AI Image Model In Nearly a Year 3

Midjourney's new V7 image model features a revamped architecture with smarter text prompt handling, higher image quality, and default personalization based on user-rated images. While some features like upscaling aren't yet available, it does come with a faster, cheaper Draft Mode. TechCrunch reports: To use it, you'll first have to rate around 200 images to build a Midjourney "personalization" profile, if you haven't already. This profile tunes the model to your individual visual preferences; V7 is Midjourney's first model to have personalization switched on by default. Once you've done that, you'll be able to turn V7 on or off on Midjourney's website and, if you're a member of Midjourney's Discord server, on its Discord chatbot. In the web app, you can quickly select the model from the drop-down menu next to the "Version" label.

Midjourney CEO David Holz described V7 as a "totally different architecture" in a post on X. "V7 is ... much smarter with text prompts," Holz continued in an announcement on Discord. "[I]mage prompts look fantastic, image quality is noticeably higher with beautiful textures, and bodies, hands, and objects of all kinds have significantly better coherence on all details." V7 is available in two flavors, Turbo (costlier to run) and Relax, and powers a new tool called Draft Mode that renders images at 10x the speed and half the cost of the standard mode. Draft images are of lower quality than standard-mode images, but they can be enhanced and re-rendered with a click.

A number of standard Midjourney features aren't available yet for V7, according to Holz, including image upscaling and retexturing. Those will arrive in the near future, he said, possibly within two months. "This is an entirely new model with unique strengths and probably a few weaknesses" Holz wrote on Discord. "[W]e want to learn from you what it's good and bad at, but definitely keep in mind it may require different styles of prompting. So play around a bit."
Businesses

US Stock Markets See Worst Day Since Covid Pandemic (theguardian.com) 225

U.S. stock markets suffered their worst day since the Covid pandemic after Donald Trump announced sweeping new tariffs, triggering a global selloff and wiping out $470 billion in value from tech giants Apple and Nvidia. From a report: The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. [...] Meanwhile, the US dollar hit a six-month low, going down at least 2.2% on Thursday morning compared with other major currencies and oil prices sank on fears of a global slowdown. Though the US stock market has been used to tumultuous mornings over the last few weeks, US stock futures -- an indication of the market's likely direction -- had plummeted after the announcement. Hours later, Japan's Nikkei index slumped to an eight-month low and was followed by falls in stock markets in London and across Europe.

Multiple major American business groups have spoken out against the tariffs, including the Business Roundtable, a consortium of leaders of major US companies including JP Morgan, Apple and IBM, which called on the White House to "swiftly reach agreements" and remove the tariffs. "Universal tariffs ranging from 10-50% run the risk of causing major harm to American manufacturers, workers, families and exporters," the Business Roundtable said in a statement. "Damage to the US economy will increase the longer the tariffs are in place and may be exacerbated by retaliatory measures."

Businesses

Climate Firm That Partnered With Meta, Microsoft Goes Bankrupt (bloomberg.com) 18

Climate startup Aspiration, which boasted a roster of celebrity backers and arranged carbon credits for Meta Platforms, Microsoft and other large companies, filed bankruptcy weeks after its co-founder was arrested on fraud charges. From a report: CTN Holdings, as the company is now known, has about $170 million in debt. The goal of the bankruptcy is to sell its assets as quickly as possible in order to repay creditors, chief restructuring officer Miles Staglik said in a court filing. The pool of potential bidders is small and the nature of the CTN's ventures will likely require more cash and "long term horizons before any potential value could be realized for creditors," Staglik said.

The bankruptcy was filed after co-founder Joseph Sanberg was charged by federal prosecutors with conspiring to defraud two investor funds of at least $145 million, according to a US Department of Justice announcement earlier this month. The charges involve his personal conduct and don't implicate CTN or its affiliates "in any criminal activity," said Staglik, a managing director at CR3 Partners that's been hired as CTN's restructuring adviser.

Education

Microsoft, Amazon Execs Call Out Washington's Low-Performing 9-Year-Olds In Tax Pushback (geekwire.com) 155

Longtime Slashdot reader theodp writes: A coalition of Washington state business leaders -- which includes Microsoft President Brad Smith and Amazon Chief Legal Officer David Zapolsky -- released a letter Wednesday urging state lawmakers to reconsider recently proposed tax and budget measures. "I actually think it's an almost unprecedented outpouring of support from across the business community," said Microsoft's Smith in an interview. In their letter, which reads in part like it could have been penned by a GenAI Marie Antoinette, the WA business leaders question whether any more spending is warranted given how poorly Washington's 4th and 8th graders compare to children in the rest of the nation on test scores. The letter also laments the increase in WA's homeless population as it celebrates WA Governor Bob Ferguson's announcement that he would not sign a proposed wealth tax.

From the letter: "We have long partnered with you in many areas, including education funding. Despite more than doubling K-12 spending and increasing teacher salaries to some of the highest rates in the nation, 4th and 8th grade assessment scores in reading and math are among the worst in the country. Similarly, we have collaborated with you to address housing and homelessness. Despite historic investments in affordable housing and homelessness prevention since 2013, Washington's homeless population has grown by 71 percent, making it the third largest in the nation after California and New York, according to HUD. These outcomes beg the question of whether more investment is needed or whether we need different policies instead."

Back in 2010, Smith teamed with then-Microsoft CEO Steve Ballmer and then-Amazon CEO Jeff Bezos to fund an effort to defeat an initiative for a WA state income that was pushed for by Bill Gates Sr. In 2023, Bezos moved out of WA state before being subjected to a 7% tax on gains of more than $250,000 from the sale of stocks and bonds, a move that reportedly saved him $1.2 billion in WA taxes on his 2024 Amazon stock sales.

Government

Substack Says It'll Legally Defend Writers 'Targeted By the Government' (theverge.com) 61

Substack has announced it will legally support foreign writers lawfully residing in the U.S. who face government targeting over their published work, partnering with the nonprofit FIRE to expand its existing Defender program. The Verge reports: In their announcement, Substack and FIRE mention the international Tufts University student who was arrested by federal agents last week. Her legal team links her arrest to an opinion piece she co-wrote for the school's newspaper last year, which criticized Tufts for failing to comply with requests to divest from companies with connections to Israel. "If true, this represents a chilling escalation in the government's effort to target critics of American foreign policy," Substack and FIRE write.

The initiative builds on Substack's Defender program, which already offers legal assistance for independent journalists and creators on the platform. The company says it has supported "dozens" of Substack writers facing claims of defamation and trademark infringement since it launched the program in the US in 2020. It has since brought Substack Defender to writers in Canada and the UK.

Bitcoin

Stablecoin Issuer Circle Files For IPO 5

Circle, the issuer of the USDC stablecoin, has filed for an IPO aiming for a $5 billion valuation. It marks the company's second attempt at going public amid renewed momentum in the crypto sector and signs of recovery in tech IPO markets. CNBC reports: A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance, including the announcement last year that it would relocate its headquarters from Boston to One World Trade Center in New York.

Circle reported $1.68 billion in revenue and reserve income in 2024, up from $1.45 billion in 2023 and $772 million in 2022. The company reported net income last year of about $156 million., down from $268 million a year earlier. A successful IPO would make Circle one of the most prominent pure-play crypto companies to list on a U.S. exchange. Coinbase went public through a direct listing in 2021 and has a market cap of about $44 billion.

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