The Circle (CRCL) stock surged an additional 20% on Friday, and is already up by 700% since its IPO earlier this month. Despite these massive gains, billionaire investor Chamath Palihapitiya noted that the stablecoins firm’s employees lost nearly $3 billion, as the company had to go for a traditional IPO route instead of SPAC merger. This is because the company employees have to sell 14.4 million shares from their holdings to proceed with the IPO.
After Jerome Powell’s Statements This Week, Are Altcoin Season Dreams Sinking? Analyst Explains
Cryptocurrency analyst Simean Koch drew attention to the FED's monetary policy and its effects on the altcoin market in his latest analysis. According to Koch, the tight monetary policy pursued by the FED threatens the altcoin season, but it has not completely destroyed hopes for the future. US President Donald...
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