Circle shares recently surged significantly, reaching a peak enterprise value of $62 billion, matching its assets under management. The stock dramatically increased up to 750% above its IPO price, appealing to investors keen on tech stocks. Comparatively, BlackRock's enterprise value is only 1.5% of its AUM, highlighting a unique valuation metric for Circle. Despite initial analyst skepticism, the oversubscribed IPO suggests high demand among institutional investors. In parallel, BitMine shares skyrocketed from $4.50 to $135 shortly after its debut. This rapid appreciation in crypto stocks underscores a disparity in investor confidence between traditional equities and their crypto counterparts. Ric Edelman of a major investment firm advocates allocating up to 40% of savings into crypto, promoting it as a long-term investment amidst technological upheavals. Additionally, a new exchange, opt.fun, offers risky 1,000x leverage on crypto trades for just one minute, raising concerns about this strategy's viability. Overall, the current momentum hints at a booming crypto-related equities market, awaiting a more unified shift in crypto itself.

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