According to the source, a 'bellwether year' for crypto IPOs is referenced with mentions of Circle and Bullish, but the source provides only a headline and link without confirmed filing numbers, tickers, pricing ranges, underwriters, or listing venues, so no verifiable trading catalysts can be confirmed from this item alone (source: the provided tweet). Without those specifics, potential impacts on BTC, crypto equities, and exchange-linked tokens cannot be quantified or timed based on the source alone (source: the provided tweet).

According to @business, Polish children’s toys and apparel retailer Smyk has hired banks to run an initial public offering that could kick off as soon as this month, indicating a near-term Warsaw listing timeline (source: Bloomberg/@business tweet and linked report, Sep 19, 2025). Based on the Bloomberg/@business report, traders should monitor pre-IPO headline risk and potential sympathy moves in Warsaw Stock Exchange consumer discretionary peers as deal milestones approach, while noting that the source did not disclose offering size, valuation, or bookrunners, which limits immediate pricing models and comps analysis (source: Bloomberg/@business). For crypto markets, the source provides no direct linkage; any impact is limited to broader European risk sentiment rather than specific drivers for BTC or ETH (source: Bloomberg/@business).