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- 🌙 Circle Hires JPMorgan, Citi With Plan to File IPO
🌙 Circle Hires JPMorgan, Citi With Plan to File IPO
Circle has formally filed an S-1 application to conduct an initial public offering (IPO), according to an April 1 filing submitted to the Securities and Exchange Commission (SEC).

Crypto Roundup - April 1
Circle has officially filed for an IPO, aiming to list on the NYSE under the ticker "CRCL." In a separate financial development, US job openings have disappointed, causing a slip in equities. Additionally, decentralized finance platform Maple Finance reached an all-time high in active loans, signaling growth in DeFi.
Top Stories
Circle files for IPO seeking a listing on NYSE under "CRCL" ticker.
US job openings drop, leading to a decline in US equities.
Maple Finance hits record with all-time high in active loans.

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FUNDRAISING
Big news: Cambrian just secured $5.9M in seed funding led by @a16zcrypto's CSX accelerator, with participation from @theBBFund.
Today’s AI agents operate at just a fraction of what’s possible. One of their biggest hurdles? Actionable intelligence.
Cambrian's mission is to
— Cambrian Network 🪴 (@CambrianNetwork)
4:30 PM • Mar 31, 2025

OTHER HEADLINES

CRYPTO TWITTER (X)
JUST IN: GAMESTOP COMPLETES ITS $1.5B STOCK OFFERING
GAMESTOP NOW HAS $1.5B TO BUY $BTC
— Arkham (@arkham)
8:24 PM • Apr 1, 2025
Circle earned ~$1.7b revenue in 2024 and paid out $900M+ to @coinbase as a distribution partner
That ~$1B going to Coinbase likely comes with little to no cost/opex to serve. At 10x earnings = $10 B mkt cap and likely contributes ~25% of $COIN valuation
For perspective -
— James Ho (@jamesjho_)
9:47 PM • Apr 1, 2025
Coinbase makes more money off USDC than Circle.
And more money off Eth than Ethereum.
*ducks*
h/t @Austin_Federa
— Nick van Eck (@Nick_van_Eck)
9:21 PM • Apr 1, 2025

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