Circle, Stablecoin Issuer, Considers 2024 IPO Amid Growing Institutional Interest

Crypto markets experienced a boost with Bitcoin briefly surpassing $35,700 before settling back. Chainlink, Polygon, and Toncoin saw an 8% increase, while Solana, Cardano, and Polkadot rose by 3%. Fed officials have been making numerous public remarks, shedding light on the factors that could influence the next interest rate decision. The Federal Reserve board appears divided on the rates outlook but emphasizes the importance of inflation data. In stocks, U.S. indices rose for the seventh consecutive session, while European indices are looking positive. Japan's Nikkei and Shanghai Composite indices were down, despite the potential visit of China's President Xi Jinping to the U.S. next week. Chinese investors are reportedly picking stocks based on names rather than their actual performance. Oil prices continue to decline, and gold softens. Institutional interest in Chainlink is growing, with the Grayscale Chainlink Trust premium reaching 200%. Circle, the issuer of the USDC stablecoin, is reportedly considering an IPO early next year, which would further solidify crypto assets in the financial landscape.