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At Close: Jun 04, 2026
SINGAPORE – Brad Garlinghouse, CEO of crypto company Ripple Labs, stated at the XRP Ledger Apex, the Ripple (XRP) community conference in Singapore, that he remains bullish on stablecoins – a sent
In a major boost for stablecoin adoption, Japan's financial powerhouse SBI Holdings has invested $50 million into Circle, the issuer of the USDC stablecoin. The deal, split equally between SBI Holding
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Circle's explosive IPO has set a new benchmark for crypto equity listings, but the real story may lie in what comes next. According to the latest Bybit Crypto Insights Report shared with crypto.

Circle IPO delivers 4x return for Sigil Fund

08:57am, Tuesday, 10'th Jun 2025
Sigil fund already made 4x return on its $5B Circle investment.
Tokyo-based SBI has invested $50 million in USDC stablecoin issuer Circle following its $1.1 billion debut on the New York Stock Exchange.
ProShares and Bitwise have filed for exchange-traded funds tied to shares of Circle Internet Group, just days after the company's high-profile IPO. The ProShares Ultra CRCL aims to deliver twice the d
Japanese banking firm SBI Holdings has announced a $50 million joint investment into Circle, following its recent $1.1 billion IPO.
The recent public listing of stablecoin USDC issuer Circle has been all the buzz lately, particularly following its strong debut.
SBI Holdings and SBI Shinsei invested $50M in Circle following its NYSE debut, signaling strong support for the USDC issuer's global ambitions.
Two new single-stock exchange-traded funds (ETFs) have filed to launch in order to capitalize on the explosive debut of Circle Internet Group (CRCL), which has surged 266% since its IPO last Thursday
TL;DR Circle began trading on June 5 at $31, surged nearly 200% within minutes, and now trades around $115 with a market cap close to $25 billion. USDC ranks as the second-largest stablecoin by value,
Circle's IPO reignited equity enthusiasm, but crypto asset prices and sentiment remain flat.
The approval of these ETFs could enhance investor access to crypto-related equities, potentially boosting market liquidity and innovation. The post ProShares, Bitwise seek SEC approval for ETFs tracki
Two well-known ETF issuers are racing to bring funds to market that track the explosive rise of Circle's newly public stock.
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