Circle considering IPO delay due to market downturn: report
Circle Internet Financial, the issuer of the USDC stablecoin, has delayed its plans for an initial public offering due to current market volatility.
The company had been preparing to go public on the New York Stock Exchange under the ticker symbol “CRCL,” with JPMorgan Chase & Co. and Citigroup Inc. as lead underwriters.
But, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” according to the Wall Street Journal.
This postponement aligns with a broader trend of companies reassessing IPO timelines amid economic uncertainties.
Circle confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission in January 2024, following a previously unsuccessful attempt to go public via a special purpose acquisition company merger in 2022.
Despite the current delay, Circle’s CEO, Jeremy Allaire, emphasized the company’s commitment to becoming a publicly traded entity. In an interview with Bloomberg, Allaire stated , “We are very committed to the path of going public. We think we can be a really interesting company in public markets.”
The decision to delay the IPO reflects broader market conditions, with several companies reevaluating their public offering plans amid heightened market volatility.
Markets reacted swiftly to Trump’s tariff announcements, with U.S. small caps leading a broad equity sell-off and crypto weakening.
The U.S. dollar declined against major currencies, while the yield curve bull-flattened, signaling increased recession fears. Nansen analysts believe that markets had priced in a stagflationary scenario, anticipating stagnant growth alongside rising inflationary pressures.
‘Don’t fight the tape’: Nansen urges caution amid Trump tariffs, market fear
As global markets reel from the United States’ sweeping reciprocal tariff announcements, analysts at Nansen have issued a note urging caution.
Their view: don’t fight the market tape. Instead, investors should wait for clarity on trade negotiations , labor market data, and the Federal Reserve’s next moves before repositioning.
The note, shared with crypto.news, comes after President Trump introduced aggressive new tariff rates — starting at a baseline of 10% and rising sharply for countries like China, Japan, and Vietnam.
Some effective rates may approach 50% once exemptions are factored in. Implementation begins as early as April 5.
Markets responded swiftly. U.S. small caps led a broad equity sell-off , crypto weakened, and the U.S. dollar declined against major currencies. The yield curve bull-flattened, signaling growing recession fears. Nansen believes markets are now pricing in a stagflationary scenario — stagnant growth combined with inflationary pressures.
“Now is probably the worst of the tariff uncertainty, at the same time,the negotiation is likely to linger: these are a lot of countries with often complex economic topics at stake,” Nansen Principal Research Analyst Aurelie Barthere wrote in the note.
While countries like Canada and Mexico appear to be spared from new tariffs — thanks to USMCA protections — major Asian exporters and parts of the Eurozone face steep trade barriers . Yet, few governments are signaling retaliation. Japan has opted for negotiations and fiscal support for exporters, while the Eurozone has opened dialogue on topics ranging from digital taxes to LNG imports.
On the domestic front, macro data paints a murky picture. ISM manufacturing and services data point to a borderline expansion, while a spike in the manufacturing price index raises inflation concerns .
ADP employment data showed modest strength, but layoffs in auto, retail, and tech sectors remain a red flag. Markets are currently pricing in 3–4 rate cuts by the end of 2025, but any deviation from that outlook could trigger further volatility.
Crypto is not immune. Bitcoin ( BTC ) and Ethereum ( ETH ) charts show weakening momentum, with potential “death crosses” ahead. Solana ( SOL ) has already breached key weekly support levels. “This isn’t the moment to catch falling knives,” the report cautions.
In Nansen’s view, it’s time to stay on the sidelines until a more favorable macro and policy environment emerges.
“Don’t fight the tape,” the note emphasizes. “Patience is a virtue.”
“YOLO”: Ripple CTO Reacts as Analyst Swaps BTC, ETH, XRP, SOL for DOGE/BONK
Crypto analyst Tony Edward announced a significant portfolio realignment the other day. He revealed exiting holdings in large caps Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) to instead favor meme coins Dogecoin (DOGE) and Bonk (BONK).
Edward expressed confidence these meme coins, though highly speculative, will outperform established crypto leaders in the current market cycle.
His stance notably drew a brief, humorous reaction from Ripple CTO David Schwartz, who simply replied on X (formerly Twitter) with the popular acronym, “ YOLO .”
This response arguably highlights a broader current market mood involving high speculation, risk-appetite, and the potential for unexpected asset performance.
Bitcoin, currently trading at $84,971.94 , saw a modest 2.04% daily increase despite a weekly decline of over 3%.
Bitcoin’s market cap remains dominant at over $1.68 trillion, supported by a circulating supply nearing 20 million coins. However, recent price action shows potential signs of exhaustion, as trading volume has slowed, hinting at possible short-term consolidation for BTC.
XRP is trading at $2.14 with a mild 1.31% daily gain. It faced resistance near $2.17, while $2.07 acted as a strong support level.
XRP’s trading volume is down 7.07% over the past 24 hours, suggesting reduced immediate bullish conviction among traders. However, the bounce observed from the $2.07 level shows buyers remain active defending key nearby support zones.
Ethereum rose by 3.42% to $1,908.85 , breaking past resistance at $1,850.
Despite this recent price climb, ETH’s trading volume actually fell 5.62% during the same 24-hour period. Its positive volume-to-market cap ratio (around 6.53%) indicates solid underlying liquidity.
ETH found firm support near the $1,830 level recently; further significant gains likely depend on sustained buying demand emerging.
Solana gained 1.46%, reaching $128.33 after rallying from an intraday low below $125. Strong volume growth of 8.47% confirms bullish sentiment.
However, the $130 price mark acts as a short-term resistance ceiling for now. With market focus potentially shifting towards specific narratives like meme coins, SOL’s upward momentum may face competition from assets perceived as higher-risk, higher-reward plays.
Dogecoin surged by 3.53% to $0.1732 despite a drop in trading volume.
DOGE broke above prior resistance near $0.167, but now faces further hurdles around the $0.175 resistance level.
The decline in volume suggests some buyers might be hesitating at these current price levels, but the bullish chart structure remains technically intact unless the prior $0.167 support level fails decisively.
Bonk (BONK), another Solana-based meme coin, showed growing strength among speculators. Bonk. The token jumped 6.26% to trade near $0.00001197 as its 24-hour trading volume surged over 22%. This signals growing interest among retail and speculative traders.
Resistance immediately overhead near the $0.000012 mark remains the key breakout zone to watch. Nearby support around $0.0000112 is currently holding, offering a potential base for further price moves.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Ternoa 社群媒體數據
過去 24 小時,Ternoa 社群媒體情緒分數是 4,社群媒體上對 Ternoa 價格走勢偏向 看漲。Ternoa 社群媒體得分是 18,在所有加密貨幣中排名第 297。
根據 LunarCrush 統計,過去 24 小時,社群媒體共提及加密貨幣 1,058,120 次,其中 Ternoa 被提及次數佔比 0%,在所有加密貨幣中排名第 397。
過去 24 小時,共有 158 個獨立用戶談論了 Ternoa,總共提及 Ternoa 31 次,然而,與前一天相比,獨立用戶數 增加 了 5%,總提及次數減少。
Twitter 上,過去 24 小時共有 1 篇推文提及 Ternoa,其中 100% 看漲 Ternoa,0% 篇推文看跌 Ternoa,而 0% 則對 Ternoa 保持中立。
在 Reddit 上,最近 24 小時共有 7 篇貼文提到了 Ternoa,相比之前 24 小時總提及次數 增加 了 17%。
社群媒體資訊概況
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