Nellius Irene

Author
Nellius Irene

Nellius Irene

Author

Nellius is a Business Management and IT graduate with five years of experience in the cryptocurrency industry. She is also a graduate of Bitcoin Dada. Nellius has contributed to leading media publications, including BanklessTimes, Cryptobasic, and Riseup Media.

Author’s Articles

  • Circle opens at $69 on NYSE, with higher than expected premium over IPO price Circle started its first trading day with a price of $69, surpassing previous predictions of price discovery. The company held its IPO at $31, expecting to open at $44 for a much smaller premium. Circle’s stocks rallied during their debut on NYSE, rising to $69 in early trading. The newly public company with the ticker $CRCL even briefly climbed to $84.92, over 174% above its IPO price of $31. Circle Internet Group is trading 34M listed shares, for a valuation above $2.34B. The current valuation remains slightly lower than the recent proposals from Ripple, Inc., attempting to acquire the company for $5B, later increased to as much as $20B. Despite the offers, Circle aimed to fulfill its goal of becoming a publicly trading company. The CRCL shares were volatile in the first day, trading between $64 and a brief outlier of $103.75. The shares are still discovering their fair price, at a time when crypto and fintech companies are having a revival on the stock market. Jeremy Allaire, founder and CEO of Circle, stated the listing was one of the most exciting moments of his life. https://x.com/circle/status/1930648730803335571 Circle aims to go beyond a stablecoin issuer and build the payment layer for the Internet, spanning both crypto native uses and fintech for everyday payments. ‘At Circle, our mission is to raise global economic prosperity through the frictionless exchange of value has never wavered, and today I am proud to share that Circle is now a public company,’ said Dante Disparte, Chief Strategy Officer at Circle. The public trading for now avoids an acquisition, leaving Circle to develop as one of the widely accepted crypto companies, aiming for wide adoption. USDC boosted Circle’s position with full compliance Circle started its trading after 12 years of development, where the company focused more on compliance, while growing its supply of stablecoins more slowly. Circle’s assets expanded in the past year, after securing wide acceptance in the Euro Area for both USDC and EURC tokens. The asset adapted to multiple crypto-native uses, including DeFi and the Solana ecosystem, where USDC was integrated into meme trading. USDC still carries over $64.47B in value across multiple chains, doubling its supply in the past year. All USDC tokens are backed by real-world assets, compliant with EU-based MiCA regulations. The token managed to avoid delistings, taking up some of the niches of USDT, while also integrating with fintech apps. USDC returned to Stripe, and remains active in other leading payment apps. Circle was also among the first stablecoin issuers to add centralized controls of its tokens. Initially, the feature was taken with a dose of skepticism, but Circle proved instrumental in clawing back finds from hacks and scams. Currently, there are 292 reported frozen addresses by request of authorities. Circle was also called to freeze $57M from the wallets of LIBRA issuers, aiming to compensate those that lost from the meme token crash.

    Circle’s $1.1B IPO values firm at $6.9B
    News

  • Ripple CTO’s alarm over Trump wallet reveals crypto’s trust crisis
    News
  • LinkedIn CEO to oversee Microsoft Office Apps in AI-focused reorganization

    LinkedIn CEO to oversee Microsoft Office Apps in AI-focused reorganization
    Tech

  • WazirX’s restructuring scheme rejected by Singapore court
    News
  • EU and US brace for tariff showdown as trade chiefs meet in Paris

    EU and US brace for tariff showdown as trade chiefs meet in Paris
    Economy
  • Trump doubles tariffs on steel and aluminum imports to 50%

    Trump doubles tariffs on steel and aluminum imports to 50%
    Economy

  • XRP spot ETF approval odds surge to 92% for 2025
    News

  • Trump’s Truth Social targets Bitcoin ETF with NYSE filing
    News

  • US Senator Cynthia Lummis reveals military support for national Bitcoin reserve
    News

  • Pump.fun nears $1 Billion unicorn status
    News

  • Credit card war jeopardizes Trump-backed stablecoin bill
    News
  • Circle makes bold move to expand USDC via OKX’s 60 million-user network

    Is Circle’s $7.2B IPO a boost for crypto or a payday for insiders?
    News
  • Wall Street on edge as Trump’s section 899 tax threatens foreign investment.

    Wall Street on edge as Trump’s section 899 tax threatens foreign investment
    Economy
  • Netizens wary of Trump's new AI regulation proposals

    The AI regulation proposals in Trump’s new ‘big beautiful bill’ fuels online conspiracy
    Tech
  • Crypto lobby urges Senate to pass GENIUS Act without disruptive amendments

    Crypto lobby urges Senate to pass GENIUS Act without disruptive amendments
    Regulation

  • Ethereum Foundation restructures R&D team amid layoffs
    News
  • Australia imposes $3,250 limit on crypto ATM transactions 

    Australia imposes $3,250 limit on crypto ATM transactions 
    News

  • Robinhood completes $200M acquisition of Bitstamp
    News

  • Microsoft slashes more jobs weeks after largest layoff
    Tech

  • Could Panama’s Bitcoin policy expose the canal to global financial volatility?
    Bitcoin

  • Tether, Bitfinex move $2.7B in Bitcoin for Twenty One Capital deal
    News
  • Google points to Motorola's deals to pre-install Perplexity AI, Microsoft apps as evidence in antitrust case

    Google to settle antitrust suit with $500M compliance pledge
    Tech