With a market valuation of more than $24 billion, #Circle , the creator of the USDC stablecoin, is thinking about doing an IPO in 2024.Although the company and advisors have been talking about a possible #IPO , there is no guarantee that they will move through with a listing.In 2022, Circle made an unsuccessful attempt to go public through a blank-check deal. Circle's strategic goal has always been to become a publicly #trading company in the United States, but they have not responded to the IPO rumours. Financial behemoths like Goldman Sachs, Fidelity, and BlackRock are among Circle's investors. In June 2022, the USDC #Stablecoins , which had a market capitalization of almost $56 billion, saw a sharp decrease.

In a surprising turn of events, Blackrock, the world's largest asset manager, has filed an application for a spot Exchange-Traded Fund (#ETF ). If approved, this move could have far-reaching implications for the #cryptocurrency industry, and potentially signal a new phase in the US government's approach to digital assets.

The application comes amidst a backdrop of increasing tension between the government and crypto-native companies. Critics argue that this is part of a larger strategy, dubbed 'Operation Chokepoint 2.0', aimed at sidelining these companies in favor of traditional financial firms with strong ties to the government.

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The Securities and Exchange Commission's (SEC recent lawsuit against Coinbase, a leading cryptocurrency exchange, has added fuel to this fire. This legal action is particularly noteworthy given that the SEC approved Coinbase's Initial Public Offering (#IPO ) in 2021. Furthermore, the US government has been using Coinbase as a platform to sell Bitcoin, adding another layer of complexity to the situation.

Now, with Blackrock's spot ETF application on the horizon, it appears that Coinbase will be used for custody on the backend. This move has been described as "hilarious" by some observers, given the seemingly contradictory actions of the government and the traditional financial institutions.

Blackrock's involvement in the crypto space is a significant shift from its previous stance. Just six years ago, the firm's CEO, Larry Fink, dismisser' Bitcoin as an "index of money laundering" when

the digital currency was valued at $6,000. Today, with Bitcoin's value soaring, Blackrock has filed for an ETF, a move that could potentially reshape the crypto landscape.

The final line of the original thread encapsulates the situation perfectly: "Everyone gets Bitcoin at the price they deserve." This statement serves as a reminder that the value of Bitcoin, and indeed all cryptocurrencies, is ultimately determined by the market. Regardless of the power plays and regulatory maneuvers, the market will continue to dictate the price of these digital assets.

In conclusion, the unfolding drama between the US government, crypto-native companies, and traditional financial institutions like Blackrock is a testament to the disruptive potential of cryptocurrencies. As these entities vie for control and influence in this burgeoning industry, one thing is clear: the world of crypto is far from predictable.

In the past seven days, XRP has experienced a significant increase in price, attracting the attention of traders and crypto enthusiasts. The interest in XRP has continued to grow, with a 122% increase in Google searches for "Ripple news." This surge in interest indicates significant market activity potential in the coming months.

The Future of XRP:

Crypto hedge fund manager Thomas Kralow predicts that XRP could reach an unprecedented milestone of $10 to $30, setting new records within the next 3-4 months. One of the key factors triggering excitement around XRP is the speculation of Ripple's initial public offering (IPO). #IPO

Ripple's IPO:

As Ripple, the company behind XRP, prepares for an IPO, there is significant speculation about the potential impact this groundbreaking event could have on the crypto industry. Many believe that Ripple's IPO could significantly increase the market value of XRP and support its price.

SEC Lawsuit and Positive Developments:

Another optimistic factor is Ripple's recent legal victory against the U.S. Securities and Exchange Commission (SEC). U.S. District Court Judge Analisa Torres issued a summary judgment stating that the XRP token is not a security. Expectations of a positive outcome have often triggered speculative buying, and experts believe that favorable developments for Ripple could drive XRP from $2 to $10.

Bold Price Targets by Experts:

Taking these factors into account, many experts and market observers are setting ambitious price targets for XRP. With his extensive experience in the crypto industry, Thomas Kralow believes that XRP has the potential to reach a minimum price of $10 per coin and even achieve an optimistic target of $30. The combination of Ripple's IPO, expectations regarding the lawsuit, and increasing public interest in XRP could enable significant growth for the cryptocurrency in the coming months.

In Summary:

With XRP experiencing a remarkable price increase of over 80%, the crypto community's interest in this digital asset continues to grow. Considering the price targets set by experts like Thomas Kralow, ranging from $10 to $30, it is evident that this cryptocurrency has the potential to reach new heights. However, it is important to consider factors such as Ripple's IPO and the next stages of the SEC lawsuit, as they will influence the future trajectory of XRP. #XRP $XRP #RippleSEC

Initial Farm Offering (IFO) is a fundraising model that helps new DeFi projects raise capital by participating in pre-sales events hosted after stern project vetting by decentralized exchanges.

IFO is a successor of the initial coin offering (ICO), a crowdsourcing method used by cryptocurrency projects to raise funds in the early stages. 

Investors can participate in a pre-sale event that is hosted by the DEX, raising the capital necessary for available projects by investing in native tokens. DEX teams usually prepare a proposed list of the most lucrative projects to launch in the farming event. However, it is worth considering that the tokens acquired via IFO have no clear advantage over those raised through other fundraising models. Despite proper scrutiny by the DEX teams, the value of the token can be affected by the market sentiments.

The most common platform for IFO is PancakeSwap, the users of which can benefit directly from the fundraising. These users are entitled to rewards while the owners of new projects can benefit from the liquidity pool offered by the platform. Most of these tokens are community-driven with little to no control by a specific central authority.

There are two common types of IFO events:

Unlimited Sale: By paying a predetermined fee, the user can stake as many BNB and CAKE tokens as they can.

Basic Sale: A defined number of tokens can be staked and the users are not charged a participation fee.

To be part of an IFO, the first step is to set up an account on any of the DEXs that support this feature. Users then stake CAKE or BNB tokens (according to the participation terms) to take part in the IFO. They must provide liquidity for the farming process. By the end of the process, those users are rewarded with such tokens.

The following are some benefits that could be enjoyed by IFO users:

Elimination of the middle-man. Peer-to-peer transactions are stimulated on the IFO platform, allowing users to save money in the long run even if they are novices in the world of crypto.

IFO maximizes the benefits of trading on DEXs, especially for those who are new to crypto. 

Project fundraising is safe via IFO platforms because of the dual-margin intention.

The decentralization keeps all the transactions and activity transparent for users and investors.

Like all other fundraising events, it is better that each user research the one that suits them the best. However, do your own research properly before investing in any token and keep the factor of volatility in mind. The preceding fundraising models, especially ICO, were heavily reliant on VCs, which meant greater time consumption and unreliable gains. However, being relatively new in comparison to ICO and IEO, some users might not be confident about opting for IFO — but the trend of DeFi may tilt the focus of the market towards IFOs.

#IFO #IPO #ICO #IGO #IDO $ETH $BNB $BTC

On the first day of #trading on the Abu Dhabi Securities Exchange (ADX), shares of cryptocurrency mining company Phoenix Group surged by about 50% following an initial public offering (IPO) that raised $370 million.In early trading, the stock, symbol PHX, started at 2.20 United Arab Emirates dirhams ($0.60), increased to 2.25 dirhams ($0.6), and then declined With orders totaling about $12 billion, the #IPO was 33 times oversubscribed. The estimated post-IPO valuation of Phoenix Group is $2.5 billion.The #crypto mining company's stock price increase on the ADX exchange indicates that investors are confident in the company's future and that the market is responding favourably to it. The Phoenix Group will use the IPO proceeds to finance its continued expansion and provide investors with profitable returns. The company has also established strategic partnerships and investments. For example, in October, it signed an agreement to construct a $300 million #cryptocurrency mining farm in Oman, and Abu Dhabi's International Holding Company purchased a 10% share in Phoenix Group.

It seems that there is speculation and predictions from various sources about the potential date for Ripple's Initial Public Offering (IPO). According to a Wall Street financial analyst, there is anticipation for Ripple's IPO to take place in May 2024, with a specific date of May 15 being mentioned as the ideal time. However, there have been previous speculations about a potential #IPO date, with September 28 being highlighted as a key date for the anticipated move. These predictions are based on the potential impact of Ripple's IPO on the price of its native token, #XRP with some experts suggesting a significant surge in its price if the IPO materializes.

It's important to note that these are predictions and speculations, and the actual IPO date for Ripple has not been officially confirmed. Therefore, investors and individuals interested in this matter should exercise caution and consider consulting with financial advisors or conducting thorough research before making any investment decisions related to Ripple's IPO.

This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their research and make informed decisions.

XRP community anticipates Ripple making IPO statements at the Ripple Swell conference, which will be held in Dubai.
Read more on: https://thecryptobasic.com/2023/10/28/ripple-may-announce-ipo-at-upcoming-ripple-swell-in-dubai/
#ripple #IPO #crypto #crypto2023 #cryptonews