Circle's Blockbuster IPO Signals Major Crypto Public Offering Wave, Bybit Analysis Shows
DUBAI, UAE, June 10, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, features Circle's successful initial public offering (IPO) in the latest Bybit Crypto Insights Report, analyzing where Wall Street missed—massive pre-IPO undervaluation, and which crypto juggernauts are positioned to capitalize on the emerging IPO wave.
Circle (NYSE: CRCL), the issuer of the USDC stablecoin, demonstrated the market's appetite for crypto equities when its stock surged from an IPO price of $31 to close at $107 in its first week of trading. The new Bybit report looks beyond the ticker to highlight the broader impact on the crypto industry, as Circle made history in crafting compelling narratives under the current crypto-positive climate in the U.S.. The Circle IPO has established a new benchmark for the industry and signaled growing mainstream acceptance of digital assets.
Crypto Valuations Humbled Investment Bankers
Investment bankers significantly underestimated Circle's evaluation. Its blowout debut far exceeded Wall Street expectations, with oversubscription at the IPO stage and an extraordinarily streak of high demands after the company went public. The phenomenon speaks to crypto's game-changing nature as more blockchain and crypto firms are expected to enter capital markets, rewriting the rulebooks of conventional valuation methods, models, and metrics.
The report also examines Circle's fundamentals and competitor landscape for further gains, while drawing parallels to Coinbase's post-IPO experience during the 2022 market correction on potential risks.
Six Companies Leading the 2025 Crypto IPO Pipeline
Circle is just the beginning. The report identified six candidates gearing up for IPO, each with unique edges in crypto and blockchain. From DeFi to the security layer, key players including Fireblocks and Chainalysis, among others, are looking at billions in valuation.
The timing could not have been better. Industry experts note that the favorable regulatory environment under the new U.S. administration has created optimal conditions for crypto companies to access public capital markets. The anticipated wave of crypto IPOs is expected to further legitimize the cryptocurrency industry's role in global finance.
Read more about the Circle IPO's impact on broader market sentiment and learn more about which companies will join the race: Bybit Crypto Insights Report: Investment bankers underestimate Circle's valuation; what are the next potential crypto IPOs?
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
31 minutes ago
- Cision Canada
ASUS Announces Key Milestone with Nebius and Showcases NVIDIA GB300 NVL72 System at GTC Paris 2025
Accelerating AI with scalable performance and next-gen infrastructure PARIS, June 11, 2025 /CNW/ -- ASUS today joined GTC Paris at VivaTech 2025 as a Gold Sponsor, highlighting its latest portfolio of AI infrastructure solutions and reinforcing its commitment to advancing the AI Factory vision with a full range of NVIDIA ® Blackwell Ultra solutions, delivering breakthrough performance from large-scale datacenter to personal desktop. ASUS is also excited to announce a transformative partnership milestone in its partnership with Nebius. Together, the two companies are enabling a new era of AI innovation built on NVIDIA's advanced platforms. Building on the success of the NVIDIA GB200 NVL72 platform deployment, ASUS and Nebius are now moving forward with strategic collaborations featuring the next-generation NVIDIA GB300 NVL72 platform. This ongoing initiative underscores ASUS's role as a key enabler in AI infrastructure, committed to delivering scalable, high-performance solutions that help enterprises accelerate AI adoption and innovation. Andrey Korolenko, Chief Product and Infrastructure Officer at Nebius said: "We have collaborated with ASUS for many years and appreciate its impressive capability to deliver swift and efficient solutions. ASUS not only delivers consistently against our exacting technical requirements, but also demonstrates deep professional expertise in building AI infrastructure. The company's forward-thinking approach and technical excellence have been a key enabler for our projects, and we look forward to working together to deliver the next generations of AI infrastructure." AI servers: Building NVIDIA AI Factories for enterprise Leading the charge in AI advancement, ASUS is driving scalable, agentic AI through increased token generation. At GTC Paris, ASUS will unveil its latest AI Factory infrastructure solutions built on NVIDIA RTX PRO Servers as well as the NVIDIA Grace Blackwell Ultra systems. The ASUS AI POD, built with the NVIDIA GB300 NVL72 system, delivers exceptional performance for complex AI inference tasks, making it ideal for advanced AI applications. Meanwhile, ASUS XA NB3I-E12, featuring the NVIDIA HGX B300 system, pushes the boundaries of AI computing with higher FLOPS and a massive 2.3TB of HBM3e memory — accelerating training and inference for large-scale models. To further address the growing demands of high-performance AI and HPC environments, ASUS introduced the new ESC8000A-E13P. This 4U NVIDIA MGX server supports up to eight NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs, NVIDIA BlueField-3 DPUs, and NVIDIA ConnectX-8 SuperNICs with built-in PCIe® 6.0 switches, offering seamless integration, performance optimization, and scalability for modern data centers and agile IT deployments AI Inferencing: Enabling intelligent services at scale ASUS also unveiled powerful AI inference solutions, introducing a new lineup of workstations and a compact-sized supercomputer engineered to tackle today's most demanding workloads. Leading the range is the ExpertCenter Pro ET900N G3, the first system powered by the NVIDIA GB300 Grace Blackwell Ultra Superchip, with up to 784GB of large coherent memory. Another is the groundbreaking ASUS Ascent GX10, a compact AI supercomputer powered by the NVIDIA GB10 Grace Blackwell Superchip, that delivers 1,000 AI TOPS performance for demanding workloads. Equipped with a NVIDIA Blackwell GPU, 20-core Arm CPU, and 128GB of memory, it supports AI models up to 200-billion parameters, placing petaflop-scale inferencing capabilities on developers' desks. Designed from the ground up for AI, both products deliver exceptional performance for large-scale training and inference on a desktop. Combined with the NVIDIA AI s oftware s tack, it is purpose-built for teams that demand the best in AI development. ASUS: Proven expertise in AI infrastructure With server expertise dating back to 1995, ASUS delivers reliable, end-to-end infrastructure solutions —ranging from individual components to fully integrated systems — backed by world-class R&D and global manufacturing capabilities. Driven by the Ubiquitous AI, Incredible Possibilities vision, ASUS supports clients in accelerating their advancement in the global AI race. Through flexible customization, deep technical expertise, and a proven track record in deployment, ASUS empowers enterprises to scale AI initiatives with confidence and efficiency.
Cision Canada
31 minutes ago
- Cision Canada
HUAWEI XMAGE Awards 2025 Open with Aim to Make Powerful Imaging Accessible to All
SHANGHAI, June 11, 2025 /CNW/ -- The HUAWEI XMAGE Awards 2025 officially kicked off during the HUAWEI Pura 80 launch event. This annual competition is a global showcase for Huawei mobile photography, and provides creators with a platform to share their work and convey the power of images to a broader audience. The competition has been held every year since 2017, and has attracted nearly five million total submissions from users in 170 countries and regions, making it one of the largest and most influential mobile photography competitions in the world. Huawei's XMAGE has long broken barriers in the world of mobile photography, by introducing groundbreaking telephoto, macro, night, snapshot, portrait, color, and videography capabilities that run the gamut. The recently unveiled HUAWEI Pura 80 smartphone series is chock full of trailblazing XMAGE innovations as well. In light of this groundbreaking new product line, this year's XMAGE Awards will include the following categories: So Far So Close, Good Night, and Colour & Shade, in addition to familiar favorites Faces, A Heartwarming World, Experimental Lab, Storyboard, and Action. The awards process will also change, with 1,000 outstanding works to be shortlisted by the judging panel, among which an "XMAGE 100" will be selected for special recognition, along with three Photographers of the Year. This year's panel consists of nine distinguished judges spanning a diverse range of professional backgrounds. They are: Liu Heung Shing, Pulitzer-Prize-winning photojournalist; Chen Xiaobo, Leading editor at Xinhua News Agency and imaging researcher; Wang Chuan, Professor and Doctoral Supervisor at Central Academy of Fine Arts and artist; Documentary photographer Chen Jie; Visual sociologist Nichole Fernandez; Florence Bourgeois, Director of Paris Photo; Shoair Mavlian, Director of The Photographers' Gallery; Curator of visual arts Fannie Escoulen; and Li Changzhu, Chief Strategy Officer of the Huawei Health Team. Registration for the XMAGE Awards 2025 is now open on the official competition website, My HUAWEI, HUAWEI Community, and Instagram. The submission deadline is September 15, 2025, 12 am Beijing time (GMT +8). We look forward to seeing all of this year's amazing works, and celebrating another incredible year in mobile photography.
Cision Canada
31 minutes ago
- Cision Canada
The Legacy Paper Group Announces Restart of Paper Machine #8 in Port Huron, Michigan
30,000 Tons of Specialty Paper Capacity Returns Online to Meet Growing Demand for Sustainable Food Packaging PORT HURON, Mich., June 11, 2025 /CNW/ - The Legacy Paper Group, a subsidiary of BMI Group US, today announced plans to restart Paper Machine #8 (PM8) at its Port Huron facility, bringing 30,000 tons of annual production capacity back online after a four-year shutdown. The restart addresses growing market demand for sustainable, lightweight specialty papers used in food packaging and other critical applications. The mill has operated continuously since 1888 under various owners including Port Huron Sulphite and Paper Co., Port Huron Paper, Pentair, EB Eddy Paper, and Domtar Specialty Papers. PM8 itself specializes in producing high-quality, ultra-lightweight papers for quick-serve restaurant packaging, candy wrappers, medical table covers, tissue overwraps, and other sustainable applications. "The fundamentals driving specialty paper demand have never been stronger," said Mark Bessette, Managing Director of The Legacy Paper Group. "Consumer behavior shifts accelerated by the pandemic, combined with intensifying focus on packaging sustainability, have created a significant supply-demand imbalance that PM8 is uniquely positioned to address." Market Dynamics Drive Restart Decision The COVID-19 pandemic permanently altered consumer dining habits, with food delivery and takeout services experiencing sustained growth through platforms like Uber Eats, DoorDash, and Grubhub. This shift created enduring demand for functional, compliant packaging materials that meet the standards of leading global food brands. Simultaneously, public scrutiny of packaging sustainability has intensified, particularly through social media channels. Paper-based packaging offers distinct advantages over plastic alternatives, providing renewable, biodegradable, and compostable solutions without the environmental concerns associated with oil-based plastics and microplastic pollution. "Our customers are demanding sustainable packaging solutions that don't compromise on performance," added Bessette. "The specialty grades we'll produce on PM8 deliver both environmental benefits and the functional properties required for demanding food service applications." Strategic Investment in Growing Market The PM8 restart represents a strategic investment in the expanding lightweight food-grade paper sector. The facility's geographic location provides cost-effective access to key markets throughout the Midwest and Northeast, while established supply chains and experienced workforce enable rapid production ramp-up. "Legacy Port Huron Paper represents the rebirth of our community's rich history of making quality paper. The good-paying jobs created are well needed and will bolster our economic position in the state," said James Freed, Port Huron City Manager. "The restart builds on nearly 140 years of papermaking expertise at the Port Huron site", said Bessette. "We're combining that legacy with new investment to meet evolving customer needs while strengthening our position in the specialty packaging sector." About The Legacy Paper Group
