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ARK Invest, the cryptocurrency-friendly investment firm founded by Bitcoin bull Cathie Wood, continued selling shares of USDC stablecoin issuer Circle, offloading nearly $100 million in two days.ARK dumped another 300,108 Circle shares from its three funds for $44.7 million on June 17, according to …
BitMEX founder Arthur Hayes warns that an incoming wave of new stablecoin companies will try to follow Circle’s successful public offering, but are more likely doomed to fail. In a post on Monday, Hayes cautioned that while Circle’s IPO marks the beginning of “stablecoin mania,” most new public stab…
Tron, the blockchain platform founded by controversial crypto mogul Justin Sun, is set to go public in the US through a reverse merger with Nasdaq-listed SRM Entertainment.The report comes only weeks after stablecoin issuer Circle went public, attracting speculation about which crypto firm would be …
Cardano founder Charles Hoskinson has floated the idea of investing $100 million worth of ADA tokens held in the Cardano Foundation’s treasury to support the ecosystem’s native DeFi economy.According to the informal plan, still under consideration, the foundation would buy assets including Bitcoin a…
By Paul R. La MonicaCircle, the stablecoin company, has more than quadrupled since it debuted more than a week ago — from $31 to about $134.Shares soared 25% on Friday, even though the broader market plunged on the military conflict between Israel and Iran.If you missed that gangbusters initial publ…
By Nate WolfLike it or not, we have entered the crypto era — or at least a crypto era.Bitcoin is lingering just below its $111,891 record high, having jumped nearly 60% over the last 12 months. In the stock market, stablecoin issuer Circle Internet Group is off to a blazing start after its early Jun…
Tech giants, including Apple, X, Google, and Airbnb, are reportedly holding early discussions with crypto companies about integrating stablecoins into their payment systems.Rich Widmann, head of web3 strategy at Google Cloud, confirmed that the company is exploring the use of stablecoin on its platf…
The UK’s financial watchdog is reconsidering its approach to crypto investments by proposing to lift the ban on retail access to crypto exchange-traded notes (cETNs). This shift signals a growing openness to integrating these products into mainstream markets, potentially increasing competition and c…
Arca Chief Investment Officer Jeff Dorman said the digital investment company has sold all of its Circle shares following the stablecoin company’s recent listing on the New York Stock Exchange.The update followed a scathing open letter published by Dorman on social media on June 5, criticizing Circl…
Financial infrastructure company Zebec Network has acquired Gatenox, a compliance and identity platform, to bring core regulatory infrastructure in-house and expand into more tightly regulated markets. In an announcement shared with Cointelegraph, the company said the deal brings native Know Your Cu…
By Steve GelsiThe cryptocurrency company, which offers fully-backed digital money for rapid global payments around the clock, priced its IPO above the expected rangeStablecoin issuer Circle Internet Group Inc. is going public Thursday, after its IPO priced above its estimated range and additional sh…
Circle Internet's (CRCL.N) shares were set to open up to 87% above the offer price in their New York Stock Exchange debut, aiming for a valuation of $15.1 billion on a fully diluted basis for the stablecoin giant.