PANews reported on June 24 that according to The Block, the stock price of stablecoin issuer Circle (stock code CRCL) hit $298 during trading on Monday, and its market valuePANews reported on June 24 that according to The Block, the stock price of stablecoin issuer Circle (stock code CRCL) hit $298 during trading on Monday, and its market value
Circle’s market value approached Coinbase’s at one point during trading on Monday
PANews reported on June 24 that according to The Block, the stock price of stablecoin issuer Circle (stock code CRCL) hit $298 during trading on Monday, and its market value exceeded $77 billion on a fully diluted basis, surpassing the $61 billion market value of its stablecoin USDC and approaching the current market value of Coinbase at $77.8 billion. Circle has accumulated a nearly 600% increase since its IPO at $31 on June 5, and rose another 12% on Monday.
Alexander Blume, CEO of Two Prime Digital Assets, pointed out that there is a valuation paradox in Circle's market value surpassing Coinbase - Coinbase not only takes 50% of USDC's reserve income, but also has multiple business lines. Bitwise CEO said this phenomenon marks that "mainstream capital is beginning to flow into the crypto field." The market shows that Circle closed at $263.45 on Monday.
Market Opportunity
Juneo Supernet Price(JUNE)
$0,0086
$0,0086$0,0086
USD
Juneo Supernet (JUNE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Trump Reviews Candidates to Succeed Fed Chair Powell
The post Trump Reviews Candidates to Succeed Fed Chair Powell appeared on BitcoinEthereumNews.com. Key Points: Trump evaluates Fed Chair candidates, considering
Share
BitcoinEthereumNews2025/12/19 08:34
CME Group to launch options on XRP and SOL futures
The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval. CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval. The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction. The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team. ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
White House AI and Crypto Czar: CLARITY Act Markup Coming in January
The White House AI and Crypto Czar has announced that markup procedures for the CLARITY Act will begin in January. This news marks significant progress in U.S. cryptocurrency regulatory framework legislation.
Share
MEXC NEWS2025/12/19 09:40