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Circle Eyes IPO in 2024 Despite Regulatory Challenges
The company behind the widely-used USDC stablecoin, Circle, or Circle Internet Financial is considering going public by early 2024. This decision comes after the company’s valuation reached $9 billion during a previous attempt at an IPO in 2022.
Although these plans are still in their preliminary stages, they underscore the stablecoin issuer’s long-term vision of becoming a public company in the US.
Becoming a US-listed public company has long been part of Circle’s strategic aspirations. We don’t comment on rumors
Circle representative.
The company’s decision signals a shift in its strategy. Talks about an IPO come just after Circle terminated a merger agreement with Concord Acquisition.
Circle looks confident to go for an IPO
Circle is financially backed by influential investors like Goldman Sachs, General Catalyst Partners, BlackRock, Fidelity, and Marshall Wace. They raised around $7.7 billion in a 2022 funding round.
Circle plays a very important role in the crypto sector as the issuer of the USDC. It facilitates the global transfer of digital assets on a large scale. They recently hired a former Goldman Sachs executive to enhance their risk management measures.
The move towards an IPO is also accompanied by a commitment to transparency. The company intends to regularly publish financial reports and appoint Deloitte as its auditor.
U.S. still lacks stablecoin regulations
Circle’s path to an becoming a U.S. listed company may not be without its challenges. The regulatory environment surrounding stablecoins in the United States is becoming increasingly complex.
Federal Reserve Vice Chair for Supervision, Michael Barr, recently called for regulatory oversight of stablecoin issuers. He emphasized the need for supervision by the U.S. central bank and urged the Congress to come up with a set of regulations as soon as possible.
#BNBecosystem #BinanceBlockchainWeek #BullRun #morningmotivation #USDY $USDC $BTC $ETH
The company behind the widely-used USDC stablecoin, Circle, or Circle Internet Financial is considering going public by early 2024. This decision comes after the company’s valuation reached $9 billion during a previous attempt at an IPO in 2022.
Although these plans are still in their preliminary stages, they underscore the stablecoin issuer’s long-term vision of becoming a public company in the US.
Becoming a US-listed public company has long been part of Circle’s strategic aspirations. We don’t comment on rumors
Circle representative.
The company’s decision signals a shift in its strategy. Talks about an IPO come just after Circle terminated a merger agreement with Concord Acquisition.
Circle looks confident to go for an IPO
Circle is financially backed by influential investors like Goldman Sachs, General Catalyst Partners, BlackRock, Fidelity, and Marshall Wace. They raised around $7.7 billion in a 2022 funding round.
Circle plays a very important role in the crypto sector as the issuer of the USDC. It facilitates the global transfer of digital assets on a large scale. They recently hired a former Goldman Sachs executive to enhance their risk management measures.
The move towards an IPO is also accompanied by a commitment to transparency. The company intends to regularly publish financial reports and appoint Deloitte as its auditor.
U.S. still lacks stablecoin regulations
Circle’s path to an becoming a U.S. listed company may not be without its challenges. The regulatory environment surrounding stablecoins in the United States is becoming increasingly complex.
Federal Reserve Vice Chair for Supervision, Michael Barr, recently called for regulatory oversight of stablecoin issuers. He emphasized the need for supervision by the U.S. central bank and urged the Congress to come up with a set of regulations as soon as possible.
#BNBecosystem #BinanceBlockchainWeek #BullRun #morningmotivation #USDY $USDC $BTC $ETH
$XRP BREAKING 💥💥
#Ripple has introduced Ripple Payments, which will deliver a licenced end-to-end solution for FIs and SMEs with 70+ payout markets 🔥
Along with that, it will also provide expanded #Crypto liquidity options, integration with the XRP Ledger DEX, and much more.
Are you bullish on #XRP❓ 👇
#BinanceBlockchainWeek #BTC #USDY #BNBecosystem #Wintermute $ETH $BTC
#Ripple has introduced Ripple Payments, which will deliver a licenced end-to-end solution for FIs and SMEs with 70+ payout markets 🔥
Along with that, it will also provide expanded #Crypto liquidity options, integration with the XRP Ledger DEX, and much more.
Are you bullish on #XRP❓ 👇
#BinanceBlockchainWeek #BTC #USDY #BNBecosystem #Wintermute $ETH $BTC
South Korean Police Shut Down ‘International Crypto Fraud’ Ring, Freeze $1.2m ‼️
📣 South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49.
⚠️ Newsis reported that the Cyber Investigation Department of the Seoul Metropolitan Police Agency has “arrested a total of 49 people, including the six suspected leaders of six separate organizations.”
🔔 The group has been charged with fraud, with officers suspecting the group of “operating a fake cryptoasset investment site.” The site was mainly used to attract overseas investors in locations including the Philippines, police spokespeople explained.
⚠️ Police think the group was active from September 2020 until April last year, and that it managed to raise over $11.5 million from at least 253 victims. Officers think the group targeted potential victims by buying personal data leaked to the internet. And police claimed the group had bought access to “1.62 million pieces of illegally acquired personal information.”
➡️ According to police sources, the group also tried to lure would-be investors onto their site by “randomly distributing” promotional messages to public crypto-related chat app groups.
#BNBecosystem #Wintermute #BinanceBlockchainWeek #USDY #morningmotivation
📣 South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49.
⚠️ Newsis reported that the Cyber Investigation Department of the Seoul Metropolitan Police Agency has “arrested a total of 49 people, including the six suspected leaders of six separate organizations.”
🔔 The group has been charged with fraud, with officers suspecting the group of “operating a fake cryptoasset investment site.” The site was mainly used to attract overseas investors in locations including the Philippines, police spokespeople explained.
⚠️ Police think the group was active from September 2020 until April last year, and that it managed to raise over $11.5 million from at least 253 victims. Officers think the group targeted potential victims by buying personal data leaked to the internet. And police claimed the group had bought access to “1.62 million pieces of illegally acquired personal information.”
➡️ According to police sources, the group also tried to lure would-be investors onto their site by “randomly distributing” promotional messages to public crypto-related chat app groups.
#BNBecosystem #Wintermute #BinanceBlockchainWeek #USDY #morningmotivation
Chainlink (LINK) pumps 26% in 6 days --- Is there room for more?
Chainlink's (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest #cryptocurrency (excluding stablecoins) by market capitalization.While the price action is a welcome sight for traders, is Chainlink's current valuation of $8.1 billion justified? Cointelegraph research shows that the impressive price surge is driven by expectations of real-world asset (RWA) tokenization and initial signs of institutional adoption. However, let's delve deeper to assess the sustainability of the current rally.Spot #Bitcoin ETF expectations and real world asset tokenization boost sentimentBloomberg's ETF strategists, James Seyffart and Eric Balhunas, issued a research note on Nov. 8, which has boosted the confidence of cryptocurrency traders.New Research note from me today. We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals. But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants COULD In their note, they explain that the window for approving a Bitcoin spot exchange-traded fund is set to open on Nov. 9, as the U.S. Securities and Exchange Commission concludes its latest round of postponements.Seyffart maintains a 90% likelihood of approval, but cautions that the regulator's final decision may be delayed until mid-January.Altcoins have also seen notable price increases in the past seven days, with Trust Wallet Token (TWT) surging by 41%, Immutable X (IMX) by 29%, and NEO by 28%. LINK's appreciation is indicative of the positive sentiment towards altcoins, particularly following Bitcoin's (BTC) apparent stagnation around the $35,500 mark.Within the Chainlink's ecosystem several positive developments have contributed to the LINK’s recent performance.On Nov. 7, Vodafone, a major European and North Africa-based telecom company, officially launched its partnership with the Japanese financial conglomerate Sumitomo Corporation, utilizing Chainlink oracles to facilitate transactions and offer diverse applications, including electric vehicle charging stations and toll roads.This digital platform, known as Pairpoint, enables vehicles and devices to autonomously interact and trade in the emerging Internet of Things (IoT) landscape. Pairpoint leverages Vodafone's existing digital assets platform and has full integration with partners such as MasterCard, HSBC, Deloitte, and IBM.Apart from IoT, a broader trend appears to be favoring Chainlink's oracle solution. RWA tokenization is poised to become mainstream, as evidenced by HSBC's launch of custody services for regulated securities on Nov. 8.HSBC's Zhu Kuang Lee has noted the increasing demand for custody and fund administration of digital assets from asset managers and owners. HSBC's press release indicates that the custody service will complement its HSBC Orion platform for issuing digital assets and a recently introduced tokenized gold offering. It's also worth mentioning that HSBC manages approximately $3 trillion in assets globally.Professional traders’ increased demand for LINK tokenDespite the promising future prospects, traders are questioning whether there have been substantial institutional inflows into Chainlink to support the 26% rally in just six days. Unfortunately, there is no foolproof metric to gauge this, but Grayscale's Chainlink Trust (GLNK) presents an optimistic perspective, despite its relatively modest $3.9 million in assets under management.This over-the-counter instrument is traded through regular stock market brokers, making it accessible to asset managers who cannot directly invest in cryptocurrencies. Notably, GLNK's price is trading at a 320% premium compared to the proportional underlying LINK token holdings held by the fund, indicating robust buying demand.Grayscale Chainlink Trust (GLNK) premium vs. LINK. Source: CoinglassFurther fueling Chainlink's impressive gains is the listing of LINK on the HashKey exchange, a licensed trading platform catering to professional investors in Hong Kong. Although it launched in August 2023, the exchange is affiliated with the same group behind HashKey Capital, a prominent digital asset venture investment firm founded in 2015.Related: HSBC taps Ripple’s Metaco to launch security token custodyFrom an on-chain metrics perspective, Chainlink's price surge is supported by increased network activity.Chainlink 1-day transaction count. Source: Messari/Coin MetricsNotably, the most recent peak occurred on Nov. 7, 2022, coinciding with issues at the now-defunct FTX exchange. Excluding this specific instance, the current two-day average of 7,700 daily Chainlink transactions is the highest since June 2021.While some valid criticisms have been raised regarding Chainlink's excessive centralization, its oracle dominance remains unchallenged. Consequently, any tailwind for the RWA market should likely have a positive impact on LINK's price, paving the way for further price hikes above $14.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.$LINK #BNBecosystem #Web3Wallet #USDY
Ripple is up by 53% over the past 19 days, which is huge. I would not at all be surprised if XRP does what it almost always does: Lose all of its gains again over the next few days and weeks.
I'm considering entering a low-leveraged short position.
#BNBecosystem #BRC20 #Web3Wallet #USDY
I'm considering entering a low-leveraged short position.
#BNBecosystem #BRC20 #Web3Wallet #USDY
Free Bitcoin everyday
Need to know comment YES !!!!$BTC $BTC $BTC #BTC #BullRun #USDY #morningmotivation #BinanceBlockchainWeek
Need to know comment YES !!!!$BTC $BTC $BTC #BTC #BullRun #USDY #morningmotivation #BinanceBlockchainWeek
WHAT TO EXPECT AS A BEGINNER IN CRYPTO TRADING ⬇️⬇️
1. Volatility: One of the most essential features of cryptocurrency trading is its extreme volatility. Price swings are frequent and extreme, making the potential for high gains but also significant losses.
2. Learning Curve: As a beginner, you may face a steep learning curve when starting to trade cryptocurrency. You need to familiarize yourself with the basic terminologies like 'blockchain,' 'mining,' 'private key,' 'public key,' etc.
3. Investment in time and research: The cryptocurrency market operates 24/7, which requires regular monitoring. Also, doing thorough research before trading is crucial, so expect to invest a considerable amount of time in understanding the crypto market and its trends.
4. Market Manipulation: The cryptocurrency market can be highly manipulative due to its lack of regulation, causing flash crashes and unexpected price fluctuations.
5. Legal & Regulatory Implications: Crypto trading varies from country to country; it might be heavily taxed, banned, or even ignored by the law in some places.
6. Losses: As a beginner, it is not uncommon to experience losses when you first start trading cryptocurrency. It's important not to get discouraged and learn from your mistakes.
7. Emotional roller-coaster: Crypto trading can bring many emotional ups and downs. One moment you may feel on top of the world when your crypto investment value goes up, and the next moment, you may feel devastated when the value drops significantly.
8. Need for Security: You should be prepared to put measures in place to ensure the security of your cryptocurrency from hacking and theft.
9. Uncertainty: Due to the rapidly changing nature of the crypto world, there's always an element of uncertainty and risk involved.
10. Diversification: Putting all your money into one cryptocurrency is risky. Therefore, it's wise to diversify your investments across multiple cryptocurrencies.
Finally, as with all investments, only invest what you can afford to lose.
#BRC20 #TON #BTC #BullRun #USDY
1. Volatility: One of the most essential features of cryptocurrency trading is its extreme volatility. Price swings are frequent and extreme, making the potential for high gains but also significant losses.
2. Learning Curve: As a beginner, you may face a steep learning curve when starting to trade cryptocurrency. You need to familiarize yourself with the basic terminologies like 'blockchain,' 'mining,' 'private key,' 'public key,' etc.
3. Investment in time and research: The cryptocurrency market operates 24/7, which requires regular monitoring. Also, doing thorough research before trading is crucial, so expect to invest a considerable amount of time in understanding the crypto market and its trends.
4. Market Manipulation: The cryptocurrency market can be highly manipulative due to its lack of regulation, causing flash crashes and unexpected price fluctuations.
5. Legal & Regulatory Implications: Crypto trading varies from country to country; it might be heavily taxed, banned, or even ignored by the law in some places.
6. Losses: As a beginner, it is not uncommon to experience losses when you first start trading cryptocurrency. It's important not to get discouraged and learn from your mistakes.
7. Emotional roller-coaster: Crypto trading can bring many emotional ups and downs. One moment you may feel on top of the world when your crypto investment value goes up, and the next moment, you may feel devastated when the value drops significantly.
8. Need for Security: You should be prepared to put measures in place to ensure the security of your cryptocurrency from hacking and theft.
9. Uncertainty: Due to the rapidly changing nature of the crypto world, there's always an element of uncertainty and risk involved.
10. Diversification: Putting all your money into one cryptocurrency is risky. Therefore, it's wise to diversify your investments across multiple cryptocurrencies.
Finally, as with all investments, only invest what you can afford to lose.
#BRC20 #TON #BTC #BullRun #USDY
Long/Buy #AGLD/USDT
Entry Point - 9220
Targets: 9256 - 9293 - 9330 - 9404
Leverage - 10x
Stop Loss - 8759
$XRP $BNB $$BTC #TON #BTC #BullRun #USDY
Entry Point - 9220
Targets: 9256 - 9293 - 9330 - 9404
Leverage - 10x
Stop Loss - 8759
$XRP $BNB $$BTC #TON #BTC #BullRun #USDY
Ondo finance introduces their US Treasuries product, $USDY, to SuiNetwork, enhancing accessibility of Real World Assets within the rapidly growing Sui ecosystem.
⚠️ Important: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act of 1933.
#OndoFinance #Ondo #SuiNetwork #USDY #Write2Earn
⚠️ Important: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act of 1933.
#OndoFinance #Ondo #SuiNetwork #USDY #Write2Earn
#Ondo Finance Announces a Strategic Partnership with Aptos Foundation
As part of this collaboration, Ondo's treasury-backed stablecoin, #USDY , is set to be integrated into the #Aptos blockchain, with a market capitalization of $3.8 million. This move marks a significant step towards expanding Ondo's offerings across different blockchains. Notably, Thala, Aptos' prominent #DeFi protocol with a total value locked #TVL of $144 million, will whitelist USDY as a collateral asset, enhancing its accessibility and utility.
As part of this collaboration, Ondo's treasury-backed stablecoin, #USDY , is set to be integrated into the #Aptos blockchain, with a market capitalization of $3.8 million. This move marks a significant step towards expanding Ondo's offerings across different blockchains. Notably, Thala, Aptos' prominent #DeFi protocol with a total value locked #TVL of $144 million, will whitelist USDY as a collateral asset, enhancing its accessibility and utility.
LIVECRPTOHOLICS
--
THE BEST SPOT TRADING STRATEGY 📢
The "best" spot trading strategy can vary depending on your risk tolerance, market conditions, and trading goals. However, here are some common strategies that traders often use in spot trading:
👉1. Trend Following: This strategy involves identifying and following existing market trends. Traders aim to buy when the market is in an uptrend and sell when it's in a downtrend.
👉2. Range Trading: Range traders buy when an asset's price is at the lower end of a trading range and sell when it's at the upper end. This strategy is suitable for markets with well-defined support and resistance levels.
👉3. Breakout Trading: Breakout traders look for price levels where assets are breaking out of established ranges. They buy when prices break above resistance or sell when prices break below support.
👉4. Scalping: Scalpers make numerous small trades to profit from small price movements. They hold positions for very short periods, often seconds to minutes.
👉5. Swing Trading: Swing traders aim to capture price swings within a broader trend. They may hold positions for several days or weeks.
👉6. Fundamental Analysis: This strategy involves analyzing the underlying factors affecting an asset's value, such as economic data, news, and company financials, to make informed trading decisions.
👉7. Technical Analysis: Technical traders use chart patterns, indicators, and historical price data to predict future price movements.
👉8. Risk Management: Regardless of the strategy, risk management is crucial. Set stop-loss orders to limit potential losses and diversify your portfolio to spread risk.
Remember that there is no one-size-fits-all strategy, and it's essential to conduct thorough research, practice with a demo account, and consider your risk tolerance before implementing any trading strategy. Additionally, always stay up to date with the latest market news and developments.
#BTC #BNBecosystem #Blur #INJ #solana
The "best" spot trading strategy can vary depending on your risk tolerance, market conditions, and trading goals. However, here are some common strategies that traders often use in spot trading:
👉1. Trend Following: This strategy involves identifying and following existing market trends. Traders aim to buy when the market is in an uptrend and sell when it's in a downtrend.
👉2. Range Trading: Range traders buy when an asset's price is at the lower end of a trading range and sell when it's at the upper end. This strategy is suitable for markets with well-defined support and resistance levels.
👉3. Breakout Trading: Breakout traders look for price levels where assets are breaking out of established ranges. They buy when prices break above resistance or sell when prices break below support.
👉4. Scalping: Scalpers make numerous small trades to profit from small price movements. They hold positions for very short periods, often seconds to minutes.
👉5. Swing Trading: Swing traders aim to capture price swings within a broader trend. They may hold positions for several days or weeks.
👉6. Fundamental Analysis: This strategy involves analyzing the underlying factors affecting an asset's value, such as economic data, news, and company financials, to make informed trading decisions.
👉7. Technical Analysis: Technical traders use chart patterns, indicators, and historical price data to predict future price movements.
👉8. Risk Management: Regardless of the strategy, risk management is crucial. Set stop-loss orders to limit potential losses and diversify your portfolio to spread risk.
Remember that there is no one-size-fits-all strategy, and it's essential to conduct thorough research, practice with a demo account, and consider your risk tolerance before implementing any trading strategy. Additionally, always stay up to date with the latest market news and developments.
#BTC #BNBecosystem #Blur #INJ #solana
