Search results for "CIRCLE"
08:02

Circle's USDC Movement on Solana Shows Market Liquidity Increase

Gate News bot message, Circle has processed 5.5 billion USDC transactions on the Solana network over the past month. This significant USDC movement through centralized exchanges indicates an inflow of fresh capital into the cryptocurrency market, particularly affecting major digital assets like ETH.
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USDC-0.04%
SOL3.07%
00:09

Mizuho Securities stated that the slowdown in USDC growth may pose medium-term risks for Circle.

Odaily News Mizuho Securities pointed out in its latest research report that Circle is facing three medium-term risks: USDC growth rate is lower than expected, distribution costs are rising, and the Fed may cut interest rates. Although the latest quarterly report shows that USDC Circulating Supply increased by 90% year-on-year to 61.3 billion USD, and quarterly revenue increased by 53% year-on-year to 658 million USD, its distribution costs as a percentage of the reserve pool have risen from 39% in 2022 to 64%. (The Block)
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USDC-0.04%
13:58

Bernstein maintains Circle stock target price at $230

Wall Street brokerage Bernstein's analysts predict that Circle will dominate the stablecoin market in the long term, with a target stock price of $230. Circle plans to launch the Layer 1 Blockchain Arc, with USDC Circulating Supply increasing by 90% year-on-year, but due to IPO costs, it reported a net loss of $482 million in the second quarter.
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ARC-7.97%
USDC-0.04%
13:51

Bernstein maintains a target price of $230 for Circle.

Golden Finance reports that analysts from research and brokerage firm Bernstein stated that Circle is very likely to become the dominant stablecoin network, and they reiterated their target price of $230 for the company's stock - which could rise 40% from current levels. After releasing its Q2 financial results on Tuesday, the analyst team led by Gautam Chhugani stated in a report to clients on Wednesday: "Our long-term argument for Circle is that the most liquid and heavily regulated stablecoin will become the dominant stablecoin network."
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07:09

Matrixport: The rapid expansion of stablecoins continues to drive the encryption industry forward, with $76 billion in fiat flowing into the crypto market.

Matrixport's analysis points out that the rapid rise of stablecoins is promoting the development of the encryption industry. Since last November, the market capitalization of Tether and Circle has significantly increased, with a total of $76 billion flowing into the crypto market, indicating a solid foundation for the industry and the potential for expansion.
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TRUMP1.42%
00:08

Yili Hua: A super bull run is about to arrive, ETH will rise to 4800 dollars, and mainstream tokens will start to rise in rotation.

Odaily News LD Capital founder Yi Lihua stated in a post on the X platform: "The trade war has landed, interest rate cuts are expected to begin, a super bull run is coming. According to the rise rotation law, after BTC rises, ETH will rise. ETH has reached a new high around 4800, and next, mainstream tokens will rise in rotation, similar to LTC, ENA, UNI, etc. Make sure to hold all these mainstream tokens. Finally, the alt season will begin, especially for altcoins with fundamentals. Be sure to hold Spot and do not engage in shorting. For those outside the circle who ask daily if they can buy, I have a unified suggestion: allocate 10% of your assets to buy."
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ETH2.36%
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23:00

Circle CEO Discusses the Company's Biggest Challenge: Addressing the Expansion Challenges Following the IPO and the Passage of the Genius Act

Golden Finance reported that Circle CEO Jerallaire stated that after the completion of the IPO and the Genius Act becoming law, the company received a large number of cooperation requests from major institutions in the global financial sector, internet companies, and large corporations. He pointed out that the biggest challenge currently is how to prioritize and efficiently scale to seize these cooperation opportunities.
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20:01

US stocks closed: all three major indices rose over 1%

Golden Finance reported that US stocks closed higher on Tuesday, with the Dow Jones Industrial Average initially rising by 1.10%, the S&P 500 index up by 1.14%, and the Nasdaq rising by 1.39%. Circle (CRCL.N) increased by 1.3%, and Intel (INTC.O) rose by 5.62%.
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13:30

July overall CPI remains flat, US stock market three major indices opened higher.

Jin10 data reported on August 12, U.S. stocks opened higher, with the three major indices starting up: the Dow Jones rose 0.4%, the S&P 500 index rose 0.4%, and the Nasdaq rose 0.5%. "The first stablecoin stock" Circle (CRCL.N) saw a big pump of about 15%, with second-quarter revenue increasing by 53% year-on-year.
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00:14

Analysis: The rise of stablecoins is hindered by ongoing exchange costs.

According to Jinse Finance, although stablecoins have reached an anticipated peak period, seasoned professionals in the broader fintech circle believe that as an emerging payment tool, stablecoins have limitations. According to data from Visa and Allium, by 2025, the trading volume of stablecoins is expected to reach $5 trillion through 1 billion payments, not far from the total of $5.7 trillion in 2024. Since U.S. President Donald Trump won the election in November 2024, the total value of these cryptocurrencies, which are designed to closely track the prices of existing currencies such as the dollar, has increased by 47%, reaching $255 billion.
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TRUMP1.42%
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12:45

ProShares has launched the ETF "ProShares Ultra CRCL" tracking Circle stocks.

Odaily News The exchange-traded fund provider ProShares announced the launch of the ETF "ProShares Ultra CRCL" that tracks Circle stock. It is reported that this is the first ETF product launched by ProShares that tracks a single stock. According to data, since its listing on the New York Stock Exchange in June this year, Circle
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UOS3.33%
03:00

Particle Network announces the launch of an end-to-end comprehensive infrastructure and the creation of a universal trading layer, with Circle as one of the first cornerstone partners.

According to a report by Golden Finance, Particle Network has launched an end-to-end omnipotent infrastructure to create a universal trading layer for RWAs, stablecoins, and digital assets, aiming to provide retail-level Settlement infrastructure for the aforementioned assets. According to reports, Circle is one of the first cornerstone partners, and this partnership will mark the beginning of the partner program that Particle Network will gradually announce in the coming weeks.
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PARTI-1.94%
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12:44

Columbus Circle Capital Corp I has changed its stock ticker to "BRR" to align with the merger transaction with ProCap BTC.

Odaily News Nasdaq-listed company Columbus Circle Capital Corp I announced that it will change its stock code from "CCCM" to "BRR" to align with its previously announced business merger with Anthony Pompliano's ProCap BTC LLC. In addition, its unit stock code will change from "CCCMU" to "BRRWU", and its warrant stock code will change from "CCCMW" to BRRWW. It is reported that BRR stands for "Bitcoin Return Rate", ProCap BTC.
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BTC1.75%
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13:18

The USYC interest-bearing stablecoin will soon be issued natively on the BNB Chain.

PANews July 24 news, according to BNB Chain Chinese, Circle's interest-bearing stablecoin USYC (backed by US Treasury bonds) is about to achieve native issuance on BNB Chain. This move will significantly enhance the capital efficiency for global users, enabling yield generation, liquidity retention, and improved transaction speed, and it can be operated entirely on-chain.
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BNB1.29%
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21:01

Insiders: Polymarket is considering launching a stablecoin.

BlockBeats news, on July 23, according to CoinDesk, sources say that the crypto prediction market Polymarket is deciding whether to launch its own custom stablecoin or to accept a revenue-sharing agreement with Circle based on the amount of USDC held on the platform. The source indicated that Polymarket's motivation for creating its own stablecoin is merely to have a reserve of earnings. A representative from Polymarket stated that no decision has yet been made regarding the stablecoin issue.
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USDC-0.04%
16:56

Circle launches Circle Gateway: a new infrastructure to achieve unified cross-chain USDC balance.

BlockBeats news, on July 23, according to official information, Circle officially launched the Circle Gateway Testnet, first supporting Avalanche, Base, and Ethereum Mainnet, providing users with cross-chain instant access to USDC. The mainnet version is set to go live soon and will continue to expand to more blockchains. Key highlights include: 1, 2, efficient liquidity management: meet multi-chain liquidity needs through a single integration, drop capital occupation; 3, non-custodial design: users have full control over USDC, and funds can only be moved under signed authorization, withdrawals do not require trust in third parties.
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09:39

Since Circle announced the acquisition of the USYC issuer Hashnote, its Assets Under Management has decreased by 76%.

According to a report by Jinse Finance, Tom Wan, the head of data analysis at Entropy Advisors, disclosed on the X platform that Circle announced the acquisition of Hashnote, the issuer of USYC (tokenized money market fund), on January 21, 2025. At that time, the Assets Under Management of USYC was still 1.2 billion dollars. Currently, the Assets Under Management of USYC has dropped to $285 million, a decrease of 76% since the announcement of the acquisition.
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07:03

Analysis: The heat of the U.S. "Crypto Week" remains high, but the trend of Ethereum is driven by Asia.

PANews July 16 news, according to the latest analysis from Matrixport, Ethereum has risen 18% in the past month, with a 17 percentage point increase occurring during Asian trading hours, demonstrating the significant influence of the Asian market on crypto assets price discovery. Meanwhile, Bitcoin and Ethereum have risen 8% and 19% respectively in the past week, attracting widespread attention from the US media. The US market is entering "Crypto Week", with major stablecoin-related legislation expected to pass, which reinforces the narrative of the US becoming a global crypto assets hub. The growth of the US market is mainly attributed to capital inflows into ETFs, corporate financial activities, and Circle's IPO, among other factors. However, compared to the relatively stable capital flows in the US market, Ethereum's Fluctuation and momentum are clearly driven by the Asian market.
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ETH2.36%
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01:59

DGCX Xinkangjia eyewash collapse: The whereabouts of 13 billion funds remain a mystery, 2 million victims lose everything?

Recently, the Chinese investment circle was shocked by a sensational fraud case: a platform named "DGCX 鑫慷嘉" impersonated the Dubai Gold and Commodities Exchange (DGCX) and illegally raised as much as 13 billion RMB in just two years, resulting in over 2 million victims. This case not only has a massive scale but also reveals how criminals exploit emerging concepts and human vulnerabilities to weave seemingly beautiful wealth traps. The Public Security Bureau of Taojiang County, Hunan Province has issued a warning, reminding the public to remain vigilant and not to participate in such unauthorized investment activities.
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APP3.93%
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01:37

Encryption companies accelerate banking integration: Driven by favourable information, industry giants like Ripple compete for TradFi.

Against the backdrop of the Trump administration's friendly policy shift towards digital assets, cryptocurrency companies are accelerating their entry into the traditional banking sector. Giants like Ripple, Circle, and BitGo are applying for national trust bank licenses in the United States, marking a departure from the "anti-establishment" label for the crypto industry, moving towards a new stage of deep integration with the mainstream financial system. This round of expansion is driven by the attractiveness of federal bank licenses, the upcoming stablecoin regulatory legislation (such as the "Genius Act"), and a regulatory climate that encourages the integration of digital assets into the U.S. financial system. Traditional fintech companies (such as Robinhood and Revolut) are also reverse-integrating crypto services, blurring the lines between banks and crypto, heralding a key turning point towards compliance and large-scale application.
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15:34

A certain Whale prepared 40 million USDC three weeks in advance to participate in the PUMP public sale, but ultimately only bought about 5.15 million USD.

According to BlockBeats news on July 12, on-chain analyst Ai Yi (@ai9684xtpa) monitored that the Address E1bQJ...x2bux subscribed for 40 million USDC from Circle three weeks ago amid PUMP rumors about the upcoming TGE. Six hours before the public sale began, approximately 25 million USDC was transferred to 29 addresses, with a total of 5.15 million USDC successfully deposited into 7 addresses (only counting amounts ≥ 100,000 USD addresses).
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USDC-0.04%
PUMP-6.82%
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03:28

Data: Over the past 7 days, the USDC circulating supply has increased by approximately 700 million.

PANews, July 12 - According to official data, from July 3 to July 10, Circle issued approximately 3.3 billion USDC and redeemed about 2.6 billion USDC, resulting in an increase of approximately 700 million in Circulating Supply. The total Circulating Supply of USDC is 62.7 billion, with a reserve amount of approximately 62.9 billion USD, including about 9.2 billion in cash, and the Circle Reserve Fund holds approximately 53.7 billion.
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USDC-0.04%
07:39

Official refutation! Ant Group denies collaboration with Circle and has no plans to introduce USDC.

Recently, market rumors have suggested that Ant International plans to integrate Circle's stablecoin USDC into its global platform. However, on July 10, Ant International quickly clarified this news. Ant International explicitly stated: "The media reports are inaccurate, and there is currently no such plan." This denial not only refutes market rumors but also provides clearer clues regarding Ant International's strategic layout in the stablecoin sector.
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USDC-0.04%
05:38

Ethena Labs protocol revenue exceeds $290 million, firmly ranking as the top stablecoin issuer.

The stablecoin issuer Ethena Labs' protocol revenue has surpassed $290.2 million, ranking it among the top four in the industry, just behind Tether, Circle, and Sky. Its synthetic dollar stablecoin USDe captures funding rate arbitrage profits through a unique delta-neutral strategy (Spot long positions + Perptual Futures short positions hedging), achieving a $100 million revenue milestone in just 251 days, making it the second fastest protocol to reach this milestone in history. Despite facing regulatory uncertainties from the US SEC (whether USDe qualifies as a security or a payment stablecoin remains in doubt), and being temporarily unable to cater to US retail users, its recent daily average fee revenue has rebounded to $3.8 million. The protocol allocates 20% of fees for the buyback and destruction of the governance token ENA (with 58 million tokens already destroyed), and 94% of reserve assets are held in a Centralized Exchange for real-time risk management.
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ENA-8.55%
08:55

Ant Group partners with Circle, its blockchain platform plans to integrate USDC stablecoin.

Ant Group supported by Jack Ma is collaborating with stablecoin issuer Circle to adopt USDC stablecoin on its blockchain platform. The cooperation will advance once USDC meets the U.S. regulatory requirements. This move is a key step for Ant International to expand the application of compliant crypto assets (such as CBDC and deposit tokens). Ant's blockchain processes over $1 trillion in global transactions annually and has partnered with more than a dozen international banks, including HSBC and JPMorgan. Ant International is actively seeking stablecoin licenses in Singapore and Hong Kong, and its independent operations and strong financial performance (nearly $3 billion in revenue in 2024) pave the way for a potential spin-off listing (valuation could reach $24 billion). The global market capitalization of stablecoins is about $250 billion, and the regulatory framework is gradually improving, attracting giants like Walmart and Amazon to explore issuance.
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USDC-0.04%
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