#CryptoStocks Circle’s (CRCL) 34% surge to an all-time high post-GENIUS Act Senate passage marks a pivotal moment for crypto. The first major U.S. crypto regulation, the GENIUS Act, signals a stablecoin-friendly framework, boosting confidence in USDC and crypto equities. Circle’s IPO, soaring from $31 to $199.59, raised $1.05B at a $48B valuation, with 25x oversubscription showing fierce demand. But is this a true bull run for crypto IPOs or speculative hype? Kraken, valued at $4B, and Ripple, post-SEC clarity, are prime IPO candidates, with Gemini and Bullish already filing. Regulatory tailwinds are real, but Powell’s hawkish no-rate-cut stance could cap gains if inflation persists. Watch reserve income and trading volumes—narrative needs numbers to sustain. Who’s your pick for the next crypto IPO?
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