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Breaking: BlackRock To Acquire 10% of Circle IPO Shares

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Summary
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59% Informative

American multinational investment company BlackRock Inc. has set its sights on stablecoin issuer Circle Internet Financial .

As reported by Bloomberg , the firm is looking to purchase as much as 10% of the total shares that the USDC issuer plans to float for its Initial Public Offering ( IPO ) This is one of the biggest shows of interest reported for the stablecoin giant in its frantic push to become a publicly traded firm.

Cathie Wood’s Ark Invest is also considering a $150 million purchase.

VR Score

31

Informative language

16

Neutral language

7

Article tone

formal

Language

English

Language complexity

47

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not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

short-lived

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