Arthur Hayes says to trade new stablecoin IPOs like a ‘hot potato’

CoinStats - Stablecoins Drive New Market Dynamics...

Arthur Hayes, co-founder of BitMEX, has issued a forecast that the demand for stablecoins could rise sharply, influenced by Circle’s recent move to go public. Hayes believes that this significant development could signal the beginning of a new bubble within the sector, potentially encouraging other companies to explore similar opportunities on the stock market.Continue Reading:Stablecoins Drive New Market Dynamics

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Marshall Wace books $700m gain on Circle's hot IPO From Bloomberg: An early investment in stablecoin issuer Circle Internet Group Inc. has turned into one of the most profitable trades ever for Marshall Wace, netting a roughly $700 million profit from crypto firm's stellar initial public offering. ... Article link

Stablecoin IPOs Are The New ‘Hot Potatoes’, Arthur Hayes Says

According to former BitMEX founder Arthur Hayes, Circle’s June 5 IPO has sparked what he calls “stablecoin mania.” He warns that this is only the beginning. Many new issuers will rush to go public. Most of them, he predicts, won’t last. Related Reading: Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In Surge Of Copycat […]

Stablecoin IPOs Are The New 'Hot Potatoes', Arthur Hayes Says

According to former BitMEX founder Arthur Hayes, Circle’s June 5 IPO has sparked what he calls “stablecoin mania.” He warns that this is only the beginning. Many new issuers will rush to go public. Most of them, he predicts, won’t last. Surge Of Copycat Stablecoin Listings Hayes points out that after Circle’s shares jumped by more than 80% since listing, hitting just under $165 on June 16, everyone will want a piece of the action. He expects a w…

Arthur Hayes Cautions Investors Against Chasing The Next Big Thing

Arthur Hayes, co-founder of the cryptocurrency derivatives exchange BitMEX and current Chief Investment Officer at Maelstrom, has given a stark warning to investors who are excited about the latest wave of stablecoins. Hayes has expressed doubt about the buzz around stablecoin issuers trying to copy Circle’s success. He has warned that many of these businesses are founded on unstable ground. The Rise of “Circle Copycats.” Hayes said that there i…