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The SEC has asked Solana ETF issuers to submit amended S-1 forms within a week, potentially putting approval on track for July.
Source: cointelegraph
Circle stock ($CRCL) surges 168% in blockbuster NYSE Debut as stablecoin giant goes public.
The stablecoin issuer's shares closed at $83.23, marking the crypto industry's second-largest public listing. The stablecoin giant's first day as a public company saw explosive trading activity, with 47.1 million shares changing hands as the stock swung between a daily high of $103.75 and low of $66.60. The dramatic price action pushed Circle's market capitalization to $16.7 billion by the closing bell, a remarkable turnaround for a company that had priced its IPO below its previous private market valuation. Circle's successful flotation represents the largest crypto-related public listing since Coinbase's 2021 debut and marks a watershed moment for the stablecoin sector. The Boston-based company raised $1.05 billion in an upsized offering that comes three years after a failed attempt to go public through a $9 billion SPAC transaction that collapsed in 2022. Source: www.blocklead.co
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