Circle shares jump as earnings beat offsets revenue miss, Arc blockchain gains Wall Street backing
Summary Circle shares rose about 10% in premarket trading after second-quarter adjusted earnings beat expectations,
Open USD rattled Circle’s stock, but its key backers still support USDC
Summary The launch of Open USD, backed by Coinbase, Visa and Mastercard, initially sparked fears
Circle slides after Morgan Stanley downgrade, cut in price target
Summary Morgan Stanley downgraded Circle Internet to underweight and lowered its price target to $38
Circle secures New York trust charter as crypto regulatory push accelerates
Circle Internet Group, Inc. (CRCL), the issuer of USDC, the world’s second-largest stablecoin, revealed Friday
Circle buys nearly 1,000 blockchain patents from IBM
Summary Circle acquired nearly 1,000 blockchain-anchored patents from IBM, becoming the largest holder of such
Open USD poses biggest threat yet to Circle’s USDC, CoinShares says
Summary CoinShares stated Open USD directly challenges Circle by giving partners income generated by reserves
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
Summary Mizuho downgraded Circle to underperform from neutral and cut its price target to $50
JPMorgan says Hyperliquid’s rise threatens Circle’s USDC economics
Summary JPMorgan said a new arrangement with Hyperliquid is a near-term revenue headwind for Circle
Japan’s biggest card network taps Circle to bring stablecoins to 40 million merchants
Summary JCB, Japan’s largest card network, has signed an agreement with Circle to explore using
Mizuho says Circle bank approval doesn’t solve USDC growth, stablecoin competition risks
Summary Mizuho said Circle’s final OCC approval for a national trust bank is a positive
