1 month ago
Coinbase (COIN) dropped sharply when the CLARITY Act failed its Senate vote as Bitcoin barely moved, proving the bill served exchanges, not the coin.
Circle (CRCL) sold off alongside COIN while Polymarket prices Bitcoin reaching $95,000 by December at just 26%, well below Wall Street's bullish targets.
Grok flags October's Fed hike as Bitcoin's real gate, arguing that if it proves to be the last, returning ETF inflows could bring $100,000 within reach as a stretch target.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Coinbase (NASDAQ:COIN) and Circle (NYSE:CRCL) both fell sharply after the September 15 Senate cloture vote failed to advance the CLARITY Act, while Bitcoin (CRYPTO:BTC) barely moved.
#Coinbase #circle
Circle (CRCL) sold off alongside COIN while Polymarket prices Bitcoin reaching $95,000 by December at just 26%, well below Wall Street's bullish targets.
Grok flags October's Fed hike as Bitcoin's real gate, arguing that if it proves to be the last, returning ETF inflows could bring $100,000 within reach as a stretch target.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Coinbase (NASDAQ:COIN) and Circle (NYSE:CRCL) both fell sharply after the September 15 Senate cloture vote failed to advance the CLARITY Act, while Bitcoin (CRYPTO:BTC) barely moved.
#Coinbase #circle
1 month ago
In mid-September, stablecoins received a fresh injection of legitimacy when payments specialist MoneyGram introduced a new Visa-branded debit card backed by one. The product is somewhat unimaginatively called the MoneyGram Card, underpinned by the USDC (CRYPTO: USDC) stablecoin. In turn, Circle Internet Group (NYSE: CRCL) develops and manages the coin.
I believe this is a positive development not only for USDC and the company that co-developed and manages it but also for the wider stablecoin ecosystem. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
MoneyGram is the ideal company to offer such a card, as its bread and ***** er is remittances (i.e., cross-border payments, usually from people in economically advantaged countries to ***** ociates in less prosperous ones).
One of the great promises of cryptocurrencies is that transacting in them can be almost instantaneous and near-frictionless, anywhere in the world. So they're very suitable for remittances, as the facilitator behind them has less contact with challenges such as sharp exchange-rate moves, slow transaction settlement times, and other impediments to money transfers.
#usdc #signal #company #payments
I believe this is a positive development not only for USDC and the company that co-developed and manages it but also for the wider stablecoin ecosystem. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
MoneyGram is the ideal company to offer such a card, as its bread and ***** er is remittances (i.e., cross-border payments, usually from people in economically advantaged countries to ***** ociates in less prosperous ones).
One of the great promises of cryptocurrencies is that transacting in them can be almost instantaneous and near-frictionless, anywhere in the world. So they're very suitable for remittances, as the facilitator behind them has less contact with challenges such as sharp exchange-rate moves, slow transaction settlement times, and other impediments to money transfers.
#usdc #signal #company #payments
2 months ago
Tuesday's Performance: -11%
52-Week Range: $50 to $159
Valuation Model Target Price: around $110
Implied Upside: about 28%
Circle Internet Group (NYSE: CRCL) is facing a key investor debate over whether regulatory uncertainty can slow its push to turn USDC from a fast-growing digital dollar into a broader financial infrastructure platform. That concern intensified Tuesday as Circle stock fell about 11% to $86 per share after the U.S. Senate failed to advance the CLARITY Act. The bill received a 50-49 majority but fell short of the 60 votes required to move forward, while Circle and Coinbase each fell about 9% during the broader post-vote selloff and Bitcoin declined roughly 4%.
#performance #valuation
52-Week Range: $50 to $159
Valuation Model Target Price: around $110
Implied Upside: about 28%
Circle Internet Group (NYSE: CRCL) is facing a key investor debate over whether regulatory uncertainty can slow its push to turn USDC from a fast-growing digital dollar into a broader financial infrastructure platform. That concern intensified Tuesday as Circle stock fell about 11% to $86 per share after the U.S. Senate failed to advance the CLARITY Act. The bill received a 50-49 majority but fell short of the 60 votes required to move forward, while Circle and Coinbase each fell about 9% during the broader post-vote selloff and Bitcoin declined roughly 4%.
#performance #valuation
2 months ago
Circle Internet Group, Inc. (NYSE:CRCL), issuer of the dollar-backed USDC stablecoin, announced on September 8 an agreement to acquire Singapore-based Tazapay, which serves payment providers and financial institutions.
Circle Internet Group, Inc. (NYSE:CRCL) agreed to pay approximately $400 million in Class A common stock, subject to adjustments for debt, cash, and transaction expenses. Separately, the agreement provides for $25 million of post-closing employee restricted stock unit awards.
As of July 31, 2026, Tazapay had more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and payout capabilities across more than 100 markets. Approximately 60% of transaction volume involves stablecoins; USDC's share was not specified. Payment volume represents funds processed, not revenue.
Closing is expected in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay would strengthen the connections between digital dollars and local bank payments. Within the Circle Payments Network, originating institutions can convert funds into stablecoins for settlement, while receiving institutions convert them into local currency and pay recipients. Merchants can benefit without requiring every customer or supplier to hold tokens.
#tazapay
Circle Internet Group, Inc. (NYSE:CRCL) agreed to pay approximately $400 million in Class A common stock, subject to adjustments for debt, cash, and transaction expenses. Separately, the agreement provides for $25 million of post-closing employee restricted stock unit awards.
As of July 31, 2026, Tazapay had more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and payout capabilities across more than 100 markets. Approximately 60% of transaction volume involves stablecoins; USDC's share was not specified. Payment volume represents funds processed, not revenue.
Closing is expected in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay would strengthen the connections between digital dollars and local bank payments. Within the Circle Payments Network, originating institutions can convert funds into stablecoins for settlement, while receiving institutions convert them into local currency and pay recipients. Merchants can benefit without requiring every customer or supplier to hold tokens.
#tazapay
2 months ago
Stablecoin developer Circle Internet Group (NYSE: $CRCL) has unveiled a new blockchain called "Arc."
The blockchain arrives as Circle tries to diversify beyond issuing its $74 billion USDC stablecoin (CRYPTO: $USDC).
In a statement, Circle said that Arc will help it become one of the biggest blockchain companies to provide the rails for moving money and financial ***** ets onchain.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#usdc
The blockchain arrives as Circle tries to diversify beyond issuing its $74 billion USDC stablecoin (CRYPTO: $USDC).
In a statement, Circle said that Arc will help it become one of the biggest blockchain companies to provide the rails for moving money and financial ***** ets onchain.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#usdc
2 months ago
ARK Invest sold over 142,000 CRCL shares Monday across ARKK and ARKW, pushing Circle Internet down 8% despite a 25% monthly gain.
COIN and BMNR each slid 5% as the Senate's Clarity Act vote threatens to open stablecoin markets to better-funded bank competitors.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Circle Internet Group didn't make the cut. Enter your email to see the names that beat CRCL. The report is free. Enter your email and see if any of your stocks made the cut.
Circle Internet Group (NYSE:CRCL) stock is falling on Tuesday after ARK Invest trimmed its position ahead of a U.S. Senate procedural vote on the Digital ******* et Market Clarity Act. Circle Internet stock is down 8% to $89.56 in midday trading. The move stands out among crypto-linked equities because the same manager cut several crypto positions but concentrated the sale in Circle Internet.
Coinbase Global (NASDAQ:COIN) shares are down 5% to $181.06. Also lower, Bitmine Immersion Technologies (NYSEAMERICAN:BMNR) stock is sliding 5% to $24.38. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.5% to $757.09, so the selling is concentrated in crypto-linked names.
#crcl #coin
COIN and BMNR each slid 5% as the Senate's Clarity Act vote threatens to open stablecoin markets to better-funded bank competitors.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Circle Internet Group didn't make the cut. Enter your email to see the names that beat CRCL. The report is free. Enter your email and see if any of your stocks made the cut.
Circle Internet Group (NYSE:CRCL) stock is falling on Tuesday after ARK Invest trimmed its position ahead of a U.S. Senate procedural vote on the Digital ******* et Market Clarity Act. Circle Internet stock is down 8% to $89.56 in midday trading. The move stands out among crypto-linked equities because the same manager cut several crypto positions but concentrated the sale in Circle Internet.
Coinbase Global (NASDAQ:COIN) shares are down 5% to $181.06. Also lower, Bitmine Immersion Technologies (NYSEAMERICAN:BMNR) stock is sliding 5% to $24.38. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.5% to $757.09, so the selling is concentrated in crypto-linked names.
#crcl #coin
2 months ago
Investor Cathie Wood has sold a number of cryptocurrency stocks over the past week as their share prices have rallied.
Wood's firm Ark Invest sold shares of Coinbase Global (NASDAQ: $COIN), Circle (NYSE: $CRCL), Bullish (NYSE: $BLSH), and Bitmine (NYSE: $BMNR) as the stocks rose.
The firm's latest trade disclosure showed that it sold $7 million U.S. of Coinbase stock and $13.8 million U.S. of Circle Internet Group's stock.
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#cathie
Wood's firm Ark Invest sold shares of Coinbase Global (NASDAQ: $COIN), Circle (NYSE: $CRCL), Bullish (NYSE: $BLSH), and Bitmine (NYSE: $BMNR) as the stocks rose.
The firm's latest trade disclosure showed that it sold $7 million U.S. of Coinbase stock and $13.8 million U.S. of Circle Internet Group's stock.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#cathie
2 months ago
Investor Cathie Wood has sold a number of cryptocurrency stocks over the past week as their share prices have rallied.
Wood's firm Ark Invest sold shares of Coinbase Global (NASDAQ: $COIN), Circle (NYSE: $CRCL), Bullish (NYSE: $BLSH), and Bitmine (NYSE: $BMNR) as the stocks rose.
The firm's latest trade disclosure showed that it sold $7 million U.S. of Coinbase stock and $13.8 million U.S. of Circle Internet Group's stock.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#NYSE #million
Wood's firm Ark Invest sold shares of Coinbase Global (NASDAQ: $COIN), Circle (NYSE: $CRCL), Bullish (NYSE: $BLSH), and Bitmine (NYSE: $BMNR) as the stocks rose.
The firm's latest trade disclosure showed that it sold $7 million U.S. of Coinbase stock and $13.8 million U.S. of Circle Internet Group's stock.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#NYSE #million
2 months ago
Stablecoin developer Circle Internet Group (NYSE: $CRCL) has unveiled a new blockchain called "Arc."
The blockchain arrives as Circle tries to diversify beyond issuing its $74 billion USDC stablecoin (CRYPTO: $USDC).
In a statement, Circle said that Arc will help it become one of the biggest blockchain companies to provide the rails for moving money and financial ***** ets onchain.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#circle #usdc #group #NYSE
The blockchain arrives as Circle tries to diversify beyond issuing its $74 billion USDC stablecoin (CRYPTO: $USDC).
In a statement, Circle said that Arc will help it become one of the biggest blockchain companies to provide the rails for moving money and financial ***** ets onchain.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#circle #usdc #group #NYSE
2 months ago
Cathie Wood's investment firm ARK Invest bought 28,589 shares of Robinhood Markets (Nasdaq: HOOD) worth approximately $3.6 million on Sep. 4.
A veteran investor, Wood is a prolific trader of crypto-linked equities such as Circle Internet Group (NYSE: CRCL), Bullish (NYSE: BLSH), Block Inc. (NYSE: XYZ), Bitmine Immersion Technologies (NYSE: BMNR), etc.
Wood bought Robinhood shares as the company got involved in a controversy with the entertainment giant, AMC Entertainment Holdings (NYSE: AMC).
Related: Man turns Robinhood-AMC feud into $2 million gain in 12 hours
Robinhood is an e-brokerage platform popular among young retail traders for its equity, crypto, and stock token offerings.
#robinhood
A veteran investor, Wood is a prolific trader of crypto-linked equities such as Circle Internet Group (NYSE: CRCL), Bullish (NYSE: BLSH), Block Inc. (NYSE: XYZ), Bitmine Immersion Technologies (NYSE: BMNR), etc.
Wood bought Robinhood shares as the company got involved in a controversy with the entertainment giant, AMC Entertainment Holdings (NYSE: AMC).
Related: Man turns Robinhood-AMC feud into $2 million gain in 12 hours
Robinhood is an e-brokerage platform popular among young retail traders for its equity, crypto, and stock token offerings.
#robinhood
2 months ago
Nearly all the major crypto-linked stocks surged on Sep. 3 following the rebound in the crypto market.
The Coinbase Global (Nasdaq: COIN) stock surged more than 10% to trade above $193. The largest crypto trading exchange in the United States, Coinbase launched derivative contracts in Canada on Sep. 2.
Related: Coinbase taps Musk ally to board of directors
The Circle Internet Group (NYSE: CRCL) stock also surged more than 15% to trade above $102 today. The crypto giant, well-known for the USDC stablecoin, last week announced a partnership deal with Chelsea FC.
The shares of Strategy (Nasdaq: MSTR), formerly MicroStrategy, rallied nearly 15% to trade above $141. The company disclosed earlier this week that it finally bought Bitcoin after two months.
#Coinbase
The Coinbase Global (Nasdaq: COIN) stock surged more than 10% to trade above $193. The largest crypto trading exchange in the United States, Coinbase launched derivative contracts in Canada on Sep. 2.
Related: Coinbase taps Musk ally to board of directors
The Circle Internet Group (NYSE: CRCL) stock also surged more than 15% to trade above $102 today. The crypto giant, well-known for the USDC stablecoin, last week announced a partnership deal with Chelsea FC.
The shares of Strategy (Nasdaq: MSTR), formerly MicroStrategy, rallied nearly 15% to trade above $141. The company disclosed earlier this week that it finally bought Bitcoin after two months.
#Coinbase
2 months ago
Circle Internet Group (NYSE: $CRCL) President Heath Tarbert warned lawmakers on Wednesday that the United States could lose its financial influence if the next generation of money and capital markets develops on infrastructure governed outside the country.
Testifying before the House Financial Services Committee, Tarbert argued that the rise of stablecoins, tokenized ****** ets, and blockchain-based settlement is turning financial infrastructure into software, according to his written testimony. He claimed that this is giving governments a new battleground over where money moves and which laws govern it.
"Congress cannot determine which technologies will succeed. It can determine whether American law, American institutions, and the dollar will remain embedded in the systems that do," Tarbert said.
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#american #infrastructure
Testifying before the House Financial Services Committee, Tarbert argued that the rise of stablecoins, tokenized ****** ets, and blockchain-based settlement is turning financial infrastructure into software, according to his written testimony. He claimed that this is giving governments a new battleground over where money moves and which laws govern it.
"Congress cannot determine which technologies will succeed. It can determine whether American law, American institutions, and the dollar will remain embedded in the systems that do," Tarbert said.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#american #infrastructure
2 months ago
Circle Internet Group (NYSE:CRCL) share price surged amid a broad cryptocurrency rally following a White House meeting with industry executives, with lower Treasury yields and expanded government bond buybacks also supporting risk ***** ets. President Donald Trump urged Congress to pass a "fair version" of the CLARITY Act.
The meeting strengthened the policy narrative without changing Circle's immediate economics. Circle Internet Group (NYSE:CRCL) ended the second quarter with $73.3 billion of USDC in circulation, up 19% year over year. Reserve income still represented $668 million of its $701 million in total revenue and reserve income.
The central question is whether clearer rules can expand USDC adoption quickly enough to reduce Circle's dependence on short-term interest rates.
USDC activity continues to expand faster than Circle Internet Group (NYSE:CRCL)'s reported revenue. Onchain transaction volume increased 151% to $14.8 trillion during the second quarter, while average USDC circulation grew 25% to a record $76.5 billion.
The CLARITY Act would complement the GENIUS Act, the federal payment-stablecoin framework enacted in 2025, by addressing broader digital-asset market structure and SEC/CFTC jurisdiction. For Circle Internet Group (NYSE:CRCL), more predictable rules could make banks, payment companies and ***** et managers more comfortable building products around USDC.
#internet #meeting #second
The meeting strengthened the policy narrative without changing Circle's immediate economics. Circle Internet Group (NYSE:CRCL) ended the second quarter with $73.3 billion of USDC in circulation, up 19% year over year. Reserve income still represented $668 million of its $701 million in total revenue and reserve income.
The central question is whether clearer rules can expand USDC adoption quickly enough to reduce Circle's dependence on short-term interest rates.
USDC activity continues to expand faster than Circle Internet Group (NYSE:CRCL)'s reported revenue. Onchain transaction volume increased 151% to $14.8 trillion during the second quarter, while average USDC circulation grew 25% to a record $76.5 billion.
The CLARITY Act would complement the GENIUS Act, the federal payment-stablecoin framework enacted in 2025, by addressing broader digital-asset market structure and SEC/CFTC jurisdiction. For Circle Internet Group (NYSE:CRCL), more predictable rules could make banks, payment companies and ***** et managers more comfortable building products around USDC.
#internet #meeting #second
2 months ago
The rally in Circle (CRCL) stock could just be starting.
The call: With bitcoin (BTC-USD) prices coming back to life as the Treasury injects liquidity into the bond market, Circle shares have been rocking. The stock is up 23% in the past five days and trading at its highest level since mid-June, per Yahoo Finance AlphaSpace data.
Bernstein ***** yst Gautam Chhugani reiterated his Outperform rating on the stock and set a $140 price target in a note on Monday, implying at least 75% upside.
Chhugani outlined three main bullish points on Circle:
"We believe the recent momentum in crypto markets can be enduring, and we could be at the beginning of a new expansion cycle driven by macro regime change, real-world blockchain capital markets, stablecoin payments adoption (not just crypto) and some nascent signs of a stablecoin-led agentic economy."
#circle #markets #crcl #finance
The call: With bitcoin (BTC-USD) prices coming back to life as the Treasury injects liquidity into the bond market, Circle shares have been rocking. The stock is up 23% in the past five days and trading at its highest level since mid-June, per Yahoo Finance AlphaSpace data.
Bernstein ***** yst Gautam Chhugani reiterated his Outperform rating on the stock and set a $140 price target in a note on Monday, implying at least 75% upside.
Chhugani outlined three main bullish points on Circle:
"We believe the recent momentum in crypto markets can be enduring, and we could be at the beginning of a new expansion cycle driven by macro regime change, real-world blockchain capital markets, stablecoin payments adoption (not just crypto) and some nascent signs of a stablecoin-led agentic economy."
#circle #markets #crcl #finance
2 months ago
Cathie Wood has kept buying Circle as the stock fell 42% in a year. On Sunday she said why. Wall Street **** ysts who built their careers on Visa and Mastercard, she argued, cannot understand the company.
Circle issues USDC, a digital dollar backed by cash and short-term US government debt. Wood runs ARK Invest, and Circle is now the biggest crypto bet in her flagship fund.
Wood was replying to a chart built from Artemis data, where **** yst Alex Obchakevich indicated that the market was changing its mind about who actually earns money on stablecoins.
It tracked the three payment firms over a year. Visa was up about 5%, Mastercard about 1%. Circle was down 42%.
Though CRCL has appreciated 84% since its IPO, this one-year chart illustrates the inefficiency of public equity markets in the short term. Many financial services **** ysts have built their long-term track records off of $V and $MA and cannot fathom Circle, the disrupter," Wood challenged.
#circle
Circle issues USDC, a digital dollar backed by cash and short-term US government debt. Wood runs ARK Invest, and Circle is now the biggest crypto bet in her flagship fund.
Wood was replying to a chart built from Artemis data, where **** yst Alex Obchakevich indicated that the market was changing its mind about who actually earns money on stablecoins.
It tracked the three payment firms over a year. Visa was up about 5%, Mastercard about 1%. Circle was down 42%.
Though CRCL has appreciated 84% since its IPO, this one-year chart illustrates the inefficiency of public equity markets in the short term. Many financial services **** ysts have built their long-term track records off of $V and $MA and cannot fathom Circle, the disrupter," Wood challenged.
#circle
2 months ago
Bernstein's Gautam Chhugani carries a $330 Street-high target on COIN, implying 77% upside despite three consecutive earnings misses and a 38% one-year decline.
HOOD is down just 4% YTD and CRCL is up 11%, making COIN's 18% year-to-date slide the clearest dislocation signal among crypto-adjacent peers.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn't make the cut. Grab the names FREE today.
Coinbase Global (NASDAQ:COIN) currently trades at $186.49, while Bernstein ****** yst Gautam Chhugani carries a Street-high price target of $330 on the stock. That implies roughly 77% upside if his call plays out.
Coinbase runs the largest US crypto exchange plus subscription products, stablecoin revenue tied to USDC, the Base blockchain, and a fast-expanding derivatives and prediction markets business. The company is reinventing itself as a "everything exchange" just as core trading fees shrink.
#Coinbase #street #year
HOOD is down just 4% YTD and CRCL is up 11%, making COIN's 18% year-to-date slide the clearest dislocation signal among crypto-adjacent peers.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Coinbase didn't make the cut. Grab the names FREE today.
Coinbase Global (NASDAQ:COIN) currently trades at $186.49, while Bernstein ****** yst Gautam Chhugani carries a Street-high price target of $330 on the stock. That implies roughly 77% upside if his call plays out.
Coinbase runs the largest US crypto exchange plus subscription products, stablecoin revenue tied to USDC, the Base blockchain, and a fast-expanding derivatives and prediction markets business. The company is reinventing itself as a "everything exchange" just as core trading fees shrink.
#Coinbase #street #year
2 months ago
The rally in Circle (CRCL) stock could just be starting.
The call: With bitcoin (BTC-USD) prices coming back to life as the Treasury injects liquidity into the bond market, Circle shares have been rocking. The stock is up 23% in the past five days and trading at its highest level since mid-June, per Yahoo Finance AlphaSpace data.
Bernstein **** yst Gautam Chhugani reiterated his Outperform rating on the stock and set a $140 price target in a note on Monday, implying at least 75% upside.
Chhugani outlined three main bullish points on Circle:
"We believe the recent momentum in crypto markets can be enduring, and we could be at the beginning of a new expansion cycle driven by macro regime change, real-world blockchain capital markets, stablecoin payments adoption (not just crypto) and some nascent signs of a stablecoin-led agentic economy."
#circle #treasury
The call: With bitcoin (BTC-USD) prices coming back to life as the Treasury injects liquidity into the bond market, Circle shares have been rocking. The stock is up 23% in the past five days and trading at its highest level since mid-June, per Yahoo Finance AlphaSpace data.
Bernstein **** yst Gautam Chhugani reiterated his Outperform rating on the stock and set a $140 price target in a note on Monday, implying at least 75% upside.
Chhugani outlined three main bullish points on Circle:
"We believe the recent momentum in crypto markets can be enduring, and we could be at the beginning of a new expansion cycle driven by macro regime change, real-world blockchain capital markets, stablecoin payments adoption (not just crypto) and some nascent signs of a stablecoin-led agentic economy."
#circle #treasury
2 months ago
Good morning. Stocks traded in the green at the open on Friday but were still pacing for weekly losses after this week's bond market intrigue. A rally in bitcoin (BTC-USD) lifted crypto stocks, while defensive names lagged.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Stocks were broadly green, with the exception of Utilities (XLU). The Basic Materials (XLB) sector was the morning's leader as commodities like copper (HG=F) and gold (GC=F) rose. Financial stocks (XLF) also saw strength, propelled by gains in Robinhood (HOOD) and Coinbase (COIN) stocks.
Here are some notable stocks that Yahoo Finance readers are viewing this morning: Strategy (MSTR), SK Hynix (SKHY), Coinbase, Circle (CRCL), Alibaba (BABA), Robinhood, Freeport-McMoRan (FCX)
Click here for the latest stock market news and in-depth ***** ysis, including events that move stocks
#stocks #robinhood #green #Friday
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Stocks were broadly green, with the exception of Utilities (XLU). The Basic Materials (XLB) sector was the morning's leader as commodities like copper (HG=F) and gold (GC=F) rose. Financial stocks (XLF) also saw strength, propelled by gains in Robinhood (HOOD) and Coinbase (COIN) stocks.
Here are some notable stocks that Yahoo Finance readers are viewing this morning: Strategy (MSTR), SK Hynix (SKHY), Coinbase, Circle (CRCL), Alibaba (BABA), Robinhood, Freeport-McMoRan (FCX)
Click here for the latest stock market news and in-depth ***** ysis, including events that move stocks
#stocks #robinhood #green #Friday
2 months ago
The Dow Jones Industrial Average and other major indexes rose Friday, as the stock market looked to rebound from the previous session's sell-off stoked by geopolitical concerns. With risk appetite rising, bitcoin climbed to a three-month high and thrust crypto-linked companies higher on stock market today. The cryptocurrency's price has spiked up roughly 20% for the week.
Just after Friday's open, the Dow industrials rose 0.5%, as the S&P 500 gained 0.4%. The tech-heavy Nasdaq composite also bounced 0.4% in morning trading. On Thursday, the Dow industrials tumbled 700 points, or 1.3%, and the S&P 500 moved down 0.9%. The tech-heavy Nasdaq composite lost 1%, and the small-cap Russell 2000 fell 1.3%.
Bitcoin surged nearly 6% to roughly $76,700 and sparking big rallies in crypto stocks Coinbase Global (COIN), Circle Internet (CRCL) and Strategy (MSTR). All three were up nearly 5% or more in recent action. Optimism about the Clarity Act crypto bill's passage in Washington helped push bitcoin higher.
Meanwhile, West Texas Intermediate crude futures inched higher to around $86.90 a barrel. The 10-year Treasury yield rose 2 basis points to 4.72%.
Among exchange traded funds, the Invesco QQQ (QQQ) was up 0.5%, as the State Street SPDR S&P 500 (SPY) rose 0.4% after Friday's opening bell.
#Bitcoin #market
Just after Friday's open, the Dow industrials rose 0.5%, as the S&P 500 gained 0.4%. The tech-heavy Nasdaq composite also bounced 0.4% in morning trading. On Thursday, the Dow industrials tumbled 700 points, or 1.3%, and the S&P 500 moved down 0.9%. The tech-heavy Nasdaq composite lost 1%, and the small-cap Russell 2000 fell 1.3%.
Bitcoin surged nearly 6% to roughly $76,700 and sparking big rallies in crypto stocks Coinbase Global (COIN), Circle Internet (CRCL) and Strategy (MSTR). All three were up nearly 5% or more in recent action. Optimism about the Clarity Act crypto bill's passage in Washington helped push bitcoin higher.
Meanwhile, West Texas Intermediate crude futures inched higher to around $86.90 a barrel. The 10-year Treasury yield rose 2 basis points to 4.72%.
Among exchange traded funds, the Invesco QQQ (QQQ) was up 0.5%, as the State Street SPDR S&P 500 (SPY) rose 0.4% after Friday's opening bell.
#Bitcoin #market
2 months ago
Circle Internet Stock (NYSE: CRCL) is soaring today, up 8.7% as of 3:35 p.m. ET on Aug. 19, 2026, on news of a White House meeting between President Donald Trump and crypto-industry executives.
The S&P 500 and Nasdaq Composite were up 0.4% and 0.3%, respectively.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Trump is set to meet today with representatives from crypto companies as well as key regulators like Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodity Futures Trading Commission (CFTC) Chair Mike Selig.
The meeting comes a day after the SEC proposed a rule change that would let some crypto companies skip standard securities-registration requirements. More changes could come from tomorrow's CFTC meeting.
#Crypto
The S&P 500 and Nasdaq Composite were up 0.4% and 0.3%, respectively.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Trump is set to meet today with representatives from crypto companies as well as key regulators like Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodity Futures Trading Commission (CFTC) Chair Mike Selig.
The meeting comes a day after the SEC proposed a rule change that would let some crypto companies skip standard securities-registration requirements. More changes could come from tomorrow's CFTC meeting.
#Crypto
2 months ago
Tether's USDT (CRYPTO: $USDT) remains the world's dominant stablecoin despite rising competition in the digital **** et **** e.
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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#stablecoin #nowpayments
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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#stablecoin #nowpayments
2 months ago
Tether's USDT (CRYPTO: $USDT) remains the world's dominant stablecoin despite rising competition in the digital ***** et ***** e.
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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#dominant #nowpayments #however #circle
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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#dominant #nowpayments #however #circle
2 months ago
Social media platform X is reportedly considering paying influencers and content creators in stablecoins.
Media reports say that X, which is owned by Elon Musk, is in talks with Circle Internet Group (NYSE: $CRCL) about using its USDC stablecoin (CRYPTO: $USDC) to pay people.
Stablecoin payments would include royalties to content creators and influential users of the platform who regularly upload content.
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#Media #stablecoin #platform #elon
Media reports say that X, which is owned by Elon Musk, is in talks with Circle Internet Group (NYSE: $CRCL) about using its USDC stablecoin (CRYPTO: $USDC) to pay people.
Stablecoin payments would include royalties to content creators and influential users of the platform who regularly upload content.
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#Media #stablecoin #platform #elon
2 months ago
Stocks of leading cryptocurrency companies are soaring on Aug. 20 as a rally in Bitcoin (CRYPTO: $BTC) and other digital ******* ets is reignited.
Strategy's (NASDAQ: $MSTR) stock is up 9% and shares of Coinbase Global (NASDAQ: $COIN) are up 6% in early trading with the price of BTC at $72,000 U.S.
Other crypto stocks such as Bullish (NYSE: $BLSH) and Circle Internet Group (NYSE: $CRCL) are up 5% as digital ******* et prices move sharply higher on the day.
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#NYSE #digital #Bitcoin
Strategy's (NASDAQ: $MSTR) stock is up 9% and shares of Coinbase Global (NASDAQ: $COIN) are up 6% in early trading with the price of BTC at $72,000 U.S.
Other crypto stocks such as Bullish (NYSE: $BLSH) and Circle Internet Group (NYSE: $CRCL) are up 5% as digital ******* et prices move sharply higher on the day.
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#NYSE #digital #Bitcoin
3 months ago
Coinbase (NASDAQ: COIN) CEO Brian Armstrong recently claimed crypto "doesn't get enough credit for the financial access it's already unlocked for the world" in a post on X. Armstrong noted that stablecoins allowed "anyone, anywhere" to access a low-inflation currency and send it "24/7 for a fraction of a cent", that decentralized finance (DeFi) applications gave "anyone access to credit" and unbanked individuals access to financial services, and that tokenized stocks would expose four billion "unbrokered people" to the U.S. stock market.
Armstrong's bullish take isn't surprising, since Coinbase is one of the world's largest cryptocurrency exchanges. If you agree with Armstrong's perspective, then it might be a good time to review how those catalysts could boost your crypto portfolio's long-term returns.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The market's largest stablecoins, Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC), are pegged to the U.S. dollar. Tether is more widely used overseas, while USD Coin -- which is only minted by Circle (NYSE: CRCL) -- is the leading stablecoin in the U.S. market.
Stablecoins can be deposited into third-party lending markets, automated market makers, and liquidity pools to earn higher yields than traditional dollar-based savings accounts. However, some of those platforms are much riskier than FDIC-backed banking accounts.
#stablecoins
Armstrong's bullish take isn't surprising, since Coinbase is one of the world's largest cryptocurrency exchanges. If you agree with Armstrong's perspective, then it might be a good time to review how those catalysts could boost your crypto portfolio's long-term returns.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The market's largest stablecoins, Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC), are pegged to the U.S. dollar. Tether is more widely used overseas, while USD Coin -- which is only minted by Circle (NYSE: CRCL) -- is the leading stablecoin in the U.S. market.
Stablecoins can be deposited into third-party lending markets, automated market makers, and liquidity pools to earn higher yields than traditional dollar-based savings accounts. However, some of those platforms are much riskier than FDIC-backed banking accounts.
#stablecoins
3 months ago
Circle Internet Group (NYSE:CRCL) shares rose around 7% in pre-market trading after the stablecoin issuer reported second-quarter results in line with expectations, secured the first federal bank charter granted to a stablecoin company and raised parts of its full-year outlook.
The company also announced that BlackRock, Visa and Mastercard will serve as validators for its upcoming blockchain network.
Circle reported second-quarter earnings of $0.18 per share, matching the Wall Street consensus estimate.
Total revenue and reserve income increased 7% year over year to $701 million. As no **** yst consensus was available for this metric, no beat or miss comparison could be made.
Net income from continuing operations reached $48 million, representing a year-over-year improvement of $530 million, largely reflecting lower stock-based compensation expenses following the company's initial public offering in the second quarter of 2025.
#quarter #stablecoin #company #consensus
The company also announced that BlackRock, Visa and Mastercard will serve as validators for its upcoming blockchain network.
Circle reported second-quarter earnings of $0.18 per share, matching the Wall Street consensus estimate.
Total revenue and reserve income increased 7% year over year to $701 million. As no **** yst consensus was available for this metric, no beat or miss comparison could be made.
Net income from continuing operations reached $48 million, representing a year-over-year improvement of $530 million, largely reflecting lower stock-based compensation expenses following the company's initial public offering in the second quarter of 2025.
#quarter #stablecoin #company #consensus
3 months ago
Unleash the AI agents, says Circle (CRCL) co-founder and CEO Jeremy Allaire.
"We think that there will eventually be billions of agents providing work and labor, and they'll be able to be orchestrated and integrated within a firm and across firm boundaries," Allaire said on Yahoo Finance's Opening Bid (see video above). "And this is an incredible time for entrepreneurs, for startups, for builders who are going to be able to tap into these agent labor markets to get things done and accelerate their own development and growth."
Allaire is aggressively using AI agents alongside human workers to help scale up its stablecoin business.
"AI and humans can interact directly through messaging environments like Slack, but also can interact between each other and communicate between each other directly," Allaire explained. "And so the thing that we're doing at Circle is we're asking all of our employees to be part of crafting this and building this. And this is, I think, incredibly exciting because we want our employees to have the superpowers of fleets of agents that they can use themselves to amplify their own capabilities. So this is an opportunity to multiply the capabilities of a firm and of humans themselves."
Circle just dropped a second quarter that was good enough to send the stock higher — but not so clean that the bulls can declare total victory. Hence, the stock is down 2% in Wednesday's trading.
#allaire #agents #able #directly
"We think that there will eventually be billions of agents providing work and labor, and they'll be able to be orchestrated and integrated within a firm and across firm boundaries," Allaire said on Yahoo Finance's Opening Bid (see video above). "And this is an incredible time for entrepreneurs, for startups, for builders who are going to be able to tap into these agent labor markets to get things done and accelerate their own development and growth."
Allaire is aggressively using AI agents alongside human workers to help scale up its stablecoin business.
"AI and humans can interact directly through messaging environments like Slack, but also can interact between each other and communicate between each other directly," Allaire explained. "And so the thing that we're doing at Circle is we're asking all of our employees to be part of crafting this and building this. And this is, I think, incredibly exciting because we want our employees to have the superpowers of fleets of agents that they can use themselves to amplify their own capabilities. So this is an opportunity to multiply the capabilities of a firm and of humans themselves."
Circle just dropped a second quarter that was good enough to send the stock higher — but not so clean that the bulls can declare total victory. Hence, the stock is down 2% in Wednesday's trading.
#allaire #agents #able #directly
3 months ago
The stock of Circle Internet Group (NYSE: $CRCL) is down 5% after the stablecoin issuer reported mixed financial results.
For the year's second quarter, Circle posted earnings per share (EPS) of $0.18 U.S., which topped ****** ysts' consensus estimate of $0.16 U.S.
However, revenue in the April through June period totaled $701 million U.S., missing forecasts of $712 million U.S.
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#million #however #june #cryptoprowl
For the year's second quarter, Circle posted earnings per share (EPS) of $0.18 U.S., which topped ****** ysts' consensus estimate of $0.16 U.S.
However, revenue in the April through June period totaled $701 million U.S., missing forecasts of $712 million U.S.
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#million #however #june #cryptoprowl
3 months ago
Investor Cathie Wood bought $10 million U.S. worth of stock in cryptocurrency firms Coinbase Global (NASDAQ: $COIN) and Circle Internet Group (NYSE: $CRCL) over the past week.
Wood's ******* et management firm, Ark Invest, bought 54,776 Coinbase shares worth $8 million U.S. after the crypto exchange's stock fell following a disappointing earnings report.
Coinbase is now Ark Invest's sixth-largest holding within its flagship ARKK fund, with a weighting of 4.2% worth around $238 million U.S.
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#bought #Stock #cathie
Wood's ******* et management firm, Ark Invest, bought 54,776 Coinbase shares worth $8 million U.S. after the crypto exchange's stock fell following a disappointing earnings report.
Coinbase is now Ark Invest's sixth-largest holding within its flagship ARKK fund, with a weighting of 4.2% worth around $238 million U.S.
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#bought #Stock #cathie
3 months ago
Circle Internet Group (CRCL) shares opened in the red on Aug. 3 as Wall Street ***** ysts issued conflicting calls on the NYSE-listed stablecoin company behind USDC. TD Cowen ***** ysts initiated coverage with a "Buy" rating today, but Morgan Stanley recommended against betting on a swift recovery in CRCL in the back half of 2026.
Circle stock has been in a sharp downtrend in recent months, currently down more than 50% versus its May high.
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#circle #analysts
Circle stock has been in a sharp downtrend in recent months, currently down more than 50% versus its May high.
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#circle #analysts
