Ark Invest, run by Cathie Wood, is engaged in a strategic profit-taking on the impressive post-IPO performance of Circle, selling off another large position this week. At the same time, the investment company increased its holdings in Robinhood and Coinbase, which indicates the persistence of trust in digital asset platforms.
BitMEX co-founder Arthur Hayes is sounding the alarm for anyone getting too comfortable with the new wave of stablecoin IPOs. In a recent blog post, he didn’t hold back, comparing these offerings to a “hot potato” and warning traders to treat them as short-term flips, not long-term investments. Hayes points
Circle, one of the world’s leading issuers of USDC—a stablecoin pegged to the U.S. dollar—had a significant first day as a publicly traded company. When it debuted on the New York Stock Exchange on June 5, Circle’s stock price soared to $83.23, an impressive 168% jump above its initial offering
Circle Internet Group, a stablecoin issuer, went public today with an initial public offering valued at $1.1 billion. The value is much higher than it was originally expected. On June 4, the company that offers the second-most used stablecoin, USDC, sold 34 million shares at $31. Exceeding what investors expected
In a step which shows its increasing role and confidence in the crypto space. $11 trillion asset manager BlackRock is set to buy 10% of Circle’s shares in the company’s upcoming Initial Public Offering (IPO). According to a recent SEC filing. The stablecoin issuer, popularly known as the company behind
USDC stablecoin issuer Circle has decisively shut down rumors of a potential acquisition by either Ripple or Coinbase, stating clearly that the company is “not for sale.” This clarification follows recent speculation in the crypto space that suggested Ripple had made a takeover offer in the range of $4 to
A new payments and cross-border remittance network will be launched on Tuesday from Circle’s posh New York City offices, located on the 87th Floor of One World Trade Center. The corporation is known for its $60 billion USDC stablecoin. This is the “next product move” of Circle. Financial technology companies,
Stablecoin’s popularity is growing by the day as the pro-crypto US government is backing the assets, praising their potential. Stablecoins have unique applications in the crypto space as they are not susceptible to the volatile nature of cryptocurrencies. The Trump presidency recognized their capability and is taking initiatives to regulate
Circle, the issuer of the second largest stablecoin, USDC has now officially entered Japan’s digital asset market. It secured a regulatory approval to roll out USDC in partnership with SBI Holdings. This decision will mark a significant shift in making USDC the first global stablecoin. This will be fully approved
The USDC and EURC from Circle have received recognition by the Dubai Financial Services Authority (DFSA), following their approval in the EU and Canada. The green light means that businesses in the DIFC will start using the stablecoins on a large scale. A press release states that Circle, the issuer
