In April, Bloomberg reported that Ripple had made an acquisition offer for Circle valued between $4 billion and $5 billion, which was reportedly rejected as undervalued. Ripple CEO Brad Garlinghouse later disputed the report in a conversation with Georgetown Law professor Chris Brummer.

While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.

Circle Internet Group soared by 29.40 percent on Friday to close at $107.7 apiece, reflecting a continued strong investor confidence during its second day as a publicly listed company. Since its market debut on Thursday, June 5, the company’s share price has already surged by 247 percent from its initial public offering price of $31.

Circle pushed markets into rally mode on Friday after its shares spiked 48%, extending the chaos it kicked off with a massive NYSE debut the day before.

Circle’s IPO highlights crypto’s mainstream shift, with USDC driving revenue and new fintech services expanding its reach. Read why CRCL stock is a hold.

The euphoric action harkens back to the 2021 Coinbase IPO, which didn't end well for those who piled in near the high.

During an April interview, Tether CEO Paolo Ardoino unloaded on competitor Circle and its big Wall Street plans.

In a press release, a Gemini spokesperson said that the IPO will occur after the Securities and Exchange Commission has conducted its review. Bitcoin OGs. Famous for their spat wi