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Circle’s IPO Play Masks Secret Crypto Giant Showdown—Who’s Flexing Deepest Pockets?

Circle’s IPO Play Masks Secret Crypto Giant Showdown—Who’s Flexing Deepest Pockets?

Published:
2025-05-19 20:57:11
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Behind Circle’s Public Listing Push Lies Private Bidding War With Crypto Giants: Report

Behind Circle’s polished push for a public listing, a shadow war rages—private bids from crypto’s heaviest hitters are driving the action. Sources whisper of backroom deals where valuations get blurrier than a DeFi oracle’s price feed.

Wall Street’s playbook? Outdated. Crypto’s elite operate like whales in shallow waters—splashing cash to drown competition before the SEC even finishes its coffee. The real IPO story isn’t regulatory approval; it’s about who’s willing to overpay today for bragging rights tomorrow.

Funny how ‘decentralized’ finance still boils down to old-school ego battles—just with more zeroes and fewer suits.

|Square

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