In this packed second episode of The Social Ledger Report, Jr dives deep into one of the most eventful weeks in crypto and Web3 news. From Circle's renewed IPO plans to Kraken's ambitions for 2026, and the meteoric rise of Pump.fun, this episode explores the convergence of crypto innovation, investor pressure, and real-world finance.

The team unpacks the massive $20 trillion+ in USDC transaction volume, the regulatory hurdles Circle faces, and what it means for the future of stablecoins and cross-border digital payments. They also explore the rise of meme coins on Solana, the explosive debut of Pump Swap, and how that signals a cultural shift in how investors and platforms treat meme-based assets.

On the TradFi side, Mastercard’s blockchain ambitions and PayPal’s expansion into Solana and Chainlink highlight the growing overlap between legacy institutions and decentralized technologies.

Host:

Leon Hitchens:

LinkedIn, X & Website

Jesus Burgoa:

LinkedIn, X & Website

Key Topics Covered:

• Circle’s Second IPO Attempt – What's different this time and why it might succeed
• Stablecoins as the New Global Currency – USDC, URC, and the rise of fiat-backed tokens
• Regulatory Risks & US Dollar Weakness – How global shifts might impact Circle’s IPO
• Kraken’s Potential 2026 IPO – Why going public might put them in the top 3
• Pump.fun’s DEX Launch – $20M in trading fees in just 10 days
• The Rise of Meme Coins – From Salana's growth to the legitimacy of meme tokens
• Mastercard’s Blockchain Payment Network – Are we about to see a Mastercard token?
• PayPal Adds Solana & Chainlink – The biggest move in traditional finance meets crypto.
  
  

Resources:

Circle ($USDC issuer) IPO

1. https://x.com/cointelegraph/status/1906712479561830558?s=42

2. https://fortune.com/2025/03/31/circle-jpmorgan-chase-crypto-usdc-citi-ipos-spac-sec/

3. https://www.linqto.com/ipo/circle/

PumpSwap new DEX for Pump.fun reaches $10B in tradnig volume in 10 days

1. https://x.com/Cointelegraph/status/1906801408893927448

2. https://99bitcoins.com/news/presales/is-sol-back-pumpswap-slams-10bn-volume-since-launch-best-solana-meme-coin-to-buy/

3. https://www.banklesstimes.com/articles/2025/03/31/pumpswap-on-solana-breaks-2-5b-volume-as-memecoins-slump/

Kraken Exchange IPO

1. https://www.axios.com/2025/03/25/kraken-ipo

2. https://www.foxbusiness.com/markets/crypto-exchange-kraken-ipo-set-2026-report.amp

3. https://www.coindesk.com/markets/2025/03/07/crypto-exchange-kraken-is-mulling-ipo-in-2026-bloomberg

4. https://cointelegraph.com/news/crypto-exchange-kraken-exploring-1-billion-raise-report

Paypal on Twitter from Cointelegraph

1. https://x.com/Cointelegraph/status/1907452025555636238

Mastercard on Twitter from CoinTelegraph:

1. https://x.com/Cointelegraph/status/1907052315544035513

Why It Matters:

This episode captures the growing momentum behind mainstream crypto adoption—from corporate IPOs and regulatory hurdles to how meme culture is shaping the next generation of token launches. If you're watching the intersection of Web3 and traditional finance, this is the episode to catch.