Circle Stock Plummets By Almost 70% Post-IPO Debut, Analysts Issue Warnings
Following a notable debut on the Nasdaq earlier this year, Circle (CRCL), the issuer of the USDC stablecoin, has experienced a significant decline in its stock value. After hitting a peak of $298 on June 23, just 18 days post-launch, shares have now dropped by 68%, trading around $82. Circle Faces Challenges As Lockup Period Approaches Despite benefiting from a softer regulatory stance on digital assets in the US with President Trump’s crypto policies, Circle faces challenges that history does not favor, particularly as it approaches the end of its lockup period. Related Reading: Bitcoin....
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Since Circle Internet Financial announced their services recently, including no-fee bitcoin "banking", many in the community have had no shortage of questions about the company, which to date has mostly been shrouded in secrecy. Company Chief Technology Officer Sean Neville took to blogging platform Medium and said that "...the debut came with more praise than we deserve at this point, and also more venom than we probably deserve." One of the first questions Neville answered was regarding invites, and seemingly the lack thereof. Very few people have actually received their beta invite to....
Shares of Circle Internet Group, the issuer of the market’s second-largest stablecoin, USDC, experienced a remarkable surge on Thursday, skyrocketing 168% as the company made its debut on the New York Stock Exchange (NYSE). Circle’s IPO Exceeds Expectations Circle’s stock opened at $69, well above its IPO pricing of $31. Throughout the day, the shares reached a peak of $103.75, showcasing strong investor enthusiasm. The IPO was priced late Wednesday, exceeding the anticipated range of $27 to $28, and substantially outpacing an earlier range of $24 to $26. This pricing....
Roughly one week after Circle unveiled its first product, co-founder and Chief Technology Officer Sean Neville has addressed some lingering questions about the company and its market goals. In a post on popular blogging platform Medium, Neville discussed a host of topics, including how the company will plan to monetize its service, how it will deal with bitcoin's price volatility and how it aims to insure customer funds from security threats. Overall, Neville framed the post as a way for the company to respond to the many "reasonable questions" Circle had received from the community after....
It was just several days ago we reported on an issue some Circle Internet Financial users were experiencing. If you're not up to date, here's how it went. Some users of the new service (which is in invitation-mode only at the moment) had reported being charged fees by their financial institutions for taking out cash advances, when in actuality they were just buying bitcoin at Circle. Those cash advances come with hefty fees, and Circle previously made the following statement: We've become aware that some credit card issuing banks are erroneously processing settlements as cash advances. It....
Chainabuse allows crypto users, victims of financial crimes and crypto businesses to report, discuss and actively issue warnings to reduce the effectiveness of scams. Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool aims to enable crypto users to issue warnings and discuss ongoing fraudulent activity such as scams and hacks in real-time. Launched on Wednesday, the Chainabuse platform aims to counter the ongoing scams plaguing the....