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Shares of Circle Internet (CRCL.N) opened 122.6% above their offer price on Thursday in their New York Stock Exchange debut, valuing the stablecoin giant at $17.94 billion on a fully diluted basis.
By Corrie DriebuschShares of crypto firm Circle jumped in their stock-market debut Thursday, boosting Wall Street's hopes that the sleepy market for initial public offerings will warm up this summer.The stock opened at $69.50, more than double its IPO price.The stablecoin issuer and some shareholder…
Paul R. La MonicaCrypto mania is definitely back. Just look at the robust demand for the initial public offering of Circle Internet Group, the leader in the world of stablecoins. The stock more than doubled in its first few minutes of trading before being halted twice.Circle listed 34 million shares…
Circle Internet on Wednesday priced its U.S. initial public offering at $31 apiece raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.
JPMorgan & Chase plans to expand some of its crypto offerings for trading and wealth-management clients as the United States regulatory environment warms to digital assets, Bloomberg reported, citing anonymous sources. The bank intends to let its clients use cryptocurrency assets as loan collateral …
Ripple never pursued a deal to acquire Circle, according to a conversation between Georgetown Law professor Chris Brummer and Ripple CEO Brad Garlinghouse, who contradicted recent media reports that his crypto powerhouse reportedly offered between $4 billion and $5 billion to bring the stablecoin is…
The Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), has approved Ripple’s RLUSD stablecoin. Following the approval, DIFC companies can now use the RLUSD stablecoin for various virtual asset services. These may include p…
Paradigm researchers think they have cracked the code for more efficient stablecoin pools, according to a new proposal called Orbitals. The proposed automated market maker (AMM) is designed specifically for pools of multiple stablecoins — from 2 to 3 "or 10,000 stablecoins," they write."Orbital unlo…
BlackRock is reportedly planning to take a significant stake in Circle’s upcoming initial public offering (IPO). According to a May 28 Bloomberg report citing anonymous sources, BlackRock is looking to purchase roughly 10% of the offering. Circle, the issuer of the USDC stablecoin, is aiming to rais…
Coinbase CEO Brian Armstrong says his firm will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit.“We are always looking at M&A opportunities,” said Armstrong on Bloomberg Television on May 14.He added that the firm has a large balance shee…
Crypto venture capital deals in the first quarter of 2025 saw deal values jump even as the number of deals sank from the same quarter a year ago, says PitchBook.The venture research firm said in its May 14 Crypto VC Trends report for Q1 that 405 deals were made in the quarter, down 39.5% from the 67…
Ripple has made a slew of acquisitions to control key transaction rails and route them through XRP and its stablecoin, Ripple USD (RLUSD), drawing comparisons to Japanese investment firm SoftBank. The $1.25-billion acquisition of Hidden Road on April 8 allows Ripple to use RLUSD as collateral in the…