In today's crypto news, stablecoin issuer Circle has started trading on the New York Stock Exchange after significantly increasing its initial public offering (IPO) size to $1.05 billion due to high investor demand. Circle CEO Jeremy Allaire highlighted this milestone as a leap towards upgrading the financial system. The IPO priced shares at $31, up from previous offers, giving Circle a valuation of $6.9 billion. Meanwhile, JPMorgan plans to start accepting cryptocurrency exchange-traded funds (ETFs) as collateral for loans, beginning with BlackRock’s iShares Bitcoin Trust, which is currently the largest US spot Bitcoin ETF. This move showcases JPMorgan's increasing commitment to cryptocurrency and digital asset trading. Both developments indicate a growing acceptance and integration of cryptocurrencies within traditional financial markets.

Source 🔗