Circle shares surge 400% after IPO: Arthur Hayes warns of looming bubble

A growing number of stablecoin companies are rushing to list publicly, with Circle shares surging more than 400% after listing. But the bullish sentiment isn’t shared by everyone. Arthur Hayes, co-founder of crypto exchange BitMEX and one of the market’s earliest institutional players, has cautioned that this rush could trigger a massive collapse—especially for retail

Source: Invezz