The Latest Breaking News from Circle

On Tuesday, Cathie Wood-led Ark Invest made significant trades. These trades were executed across multiple Ark ETFs and focused on tech as well as cryptocurrency-related companies.

Circle Internet has grown revenue and its USDC stablecoin business considerably, but threats to its margins and concerns about interest rates divide analysts.

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Global Inc (NASDAQ:COIN), Circle Internet Group Inc (NYSE:CRCL), and Shopify Inc (NASDAQ:SHOP). Ark also sold a large number of Pinterest Inc. (NYSE:PINS) shares.

Cathie Wood sees Circle’s selloff as an opportunity, not trouble. But with reserve income peaking and costs climbing, the stock demands careful, long-horizon thinking.

The financial services major turned so bullish on Circle that it skipped a rating.

On Thursday, Cathie Wood-led Ark Invest executed significant trades, notably involving Circle Internet Group Inc (NYSE:CRCL), Bitmine Immersion Technologies Inc (NYSE:BMNR), Bullish (NYSE:BLSH), Advanced Micro Devices Inc (NASDAQ:AMD), and Reddit Inc (NYSE:RDDT). These trades reflect Ark’s strategic positioning in the market, with particular focus on the tech and crypto sectors.

Circle shares slumped as investors focused on weakening reserve yields despite a sharp jump in revenue and USDC supply.

The disruption is comparable to the internet’s evolution in the mid-1990s, says Jeremy Fox-Geen.

Jeremy Allaire, CEO of Circle Internet Group (NYSE:CRCL), said Wednesday that “regulatory” clarity provided by the GENIUS Act was one of the major reasons behind the company’s strong performance in the third quarter.