Catenaa, Wednesday, April 30, 2025-Circle and eToro entered mandated “quiet periods” after filing for IPOs, signaling they may soon join public markets despite uncertain tech investor sentiment.
Circle, the issuer of the USDC stablecoin, filed its S-1 with the SEC, suggesting plans to list under the ticker CRCL on the NYSE. Trading platform eToro echoed similar silence, maintaining its SEC-mandated quiet period.
Meanwhile, Bitcoin miners offloaded 15,000 BTC—worth roughly $1.12 billion—on April 7, according to CryptoQuant.
The sale marked the third-largest daily outflow this year, showing mounting financial pressure among miners as Bitcoin dipped below $75,000.
Firms like CleanSpark and Cipher Mining are now leaning on credit lines, shifting from long-term holding strategies to cover expenses.
Nasdaq-listed Semler Scientific disclosed it has secured a loan from Coinbase Credit to fund a potential settlement with the Department of Justice over fraud allegations linked to its QuantaFlo product.
Semler also filed to raise up to $500 million through a securities offering to bolster its Bitcoin holdings, some of which may be used as loan collateral.
Coinbase, the go-to credit provider for numerous crypto firms, now faces legal pressure in Oregon.
The state’s attorney general filed a lawsuit alleging the platform promoted unregistered securities and reaped profits at the expense of local investors.
The move follows Coinbase’s recent legal victory against the SEC in February.
Elsewhere, Kraken preps for its IPO with workforce cuts, and MicroStrategy continues adding Bitcoin despite a multibillion-dollar unrealized loss, reaffirming its crypto-first strategy amid ongoing volatility.
