Thursday links: CRCL, BMNR, RIAs and 1000x leverage

Key Points

1. Circle's shares traded at an enterprise value equal to its assets under management ($62 billion) at its peak, making it one of the best-performing IPOs since 1980.

2. BitMine's stock surged 30x in three days, reflecting speculative interest in crypto-related equities despite flatlining crypto token prices.

3. Traditional investment advisors, like Ric Edelman, are now recommending crypto as part of long-term investment strategies, with some suggesting up to 40% allocation.

4. A new crypto exchange, opt.fun, offers 1,000x leveraged trading for one minute, highlighting extreme risk-taking in the crypto market.

5. The article also mentions the growing interest in crypto-related mergers and acquisitions, signaling a potential new bull market in crypto equities.