TechFlow news, June 9 — Matrixport released a chart analysis today stating, "Circle’s upcoming重磅 IPO has pushed its valuation up to $24 billion, nearly $20 billion higher than Coinbase’s proposed acquisition price just a month ago. In hindsight, that offer was clearly a 'bargain deal.' This successful IPO has undoubtedly reignited Wall Street’s enthusiasm for crypto-related stocks.
Despite this momentum, the broader crypto market has not shown equivalent heat. Data shows that Bitcoin funding rates have not only remained low but even dipped into negative territory at one point. This may indicate that while some investors are going long on crypto stocks, they’re simultaneously hedging risk by shorting Bitcoin. Regardless of investor strategy, this optimism in public markets has yet to translate into the crypto assets themselves."
