Crypto mania and the jackpot paradox: When risk appetite devours human rationality | Bee Network
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Original author: TechFlow This Thursday, the most important IPO in the crypto market after CoinBase arrived. Cirlce, the issuer of the US dollar stablecoin USDC, will be listed on the New York Stock Exchange, with an expected maximum fundraising of US$896 million and the stock code CRCL. However, on the eve of its listing, the share price of a Hong Kong-listed company, China Everbright Holdings, continued to rise, increasing by 44% in 5 days, revealing a secret story about Circle China. As early as 2016, Everbright Holdings jointly invested in Circle with IDG Capital and became its shareholder. Even in 2018, domestic media reported that Cicle might be injected into a domestic A-share listed company, which prompted the Shenzhen Stock Exchange to send a letter of inquiry. Finally, the listed…# Analysis# crypto# Market# Meme CoinPre
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- Original author: thiccy Original translation: Block unicorn This article explores the shift in risk appetite from mania to the worship of the jackpot, and its wider social implications. It invo...