The latest report analyzes that Circle's blockbuster IPO has pushed the company's valuation up to $24,000,000,000, far exceeding the proposed price in the acquisition deal with Coinbase just a month ago, which was considered the "bottom price to hunt for." The resounding success of this IPO has ignited a fervor for cryptocurrency-related stocks on Wall Street.

However, in contrast to the heat of cryptocurrency stocks, the overall cryptocurrency market has not shown the same level of enthusiasm. Data shows that the funding rate of Bitcoin has not only remained low but has also fallen into negative territory. This trend reflects the possibility that some investors are actively hedging risks by shorting Bitcoin while accumulating stocks in the cryptocurrency sector.