The Latest Breaking News from Circle

Arthur Hayes has laid out a detailed case for why the U.S. government, through Treasury Secretary Scott Bessent's policies, is increasingly leaning on stablecoins as a financial tool to help fund growing federal deficits while keeping bond yields contained.

Ripple (CRYPTO: XRP) is joining the ranks of crypto firms seeking greater legitimacy and regulatory clarity by applying for a national banking license with the U.S. Office of the Comptroller of the Currency.

Bernstein has initiated coverage on Circle Internet Group (NYSE:CRCL) with an Outperform rating and a price target of $230, highlighting the company’s growing leadership in the stablecoin sector.

Coinbase Global, Inc. (NASDAQ:COIN) is the top performer in the SP 500 for June, surging 43% and reaching its highest level since its 2021 IPO. 

Attention is shifting from cryptocurrencies to equities and publicly traded companies like Robinhood Markets (NASDAQ:HOOD), Coinbase Global (NASDAQ:COIN), and Circle Internet Group (NYSE:CRCL), which have surged ahead in performance over the past month.

Cathie Wood, founder and CEO of ARK Invest, has recently been on a hot streak of successful and high-profile trades through her flagship ARK ETFs. 

Coinbase (COIN) soars with a £408 ($510) price target, fueled by stablecoin revenue and the GENIUS Act. Could this signal a £1.6 trillion crypto surge?

Circle’s IPO delivered fireworks, but Cathie Wood’s selloff signals it might be time for a sober look at the stock’s nosebleed valuation.

On Monday, Cathie Wood-led Ark Invest made significant trades involving Circle Internet Group Inc. (NYSE:CRCL), Robinhood Markets Inc. (NASDAQ:HOOD), Advanced Micro Devices Inc. (NASDAQ:AMD), and Taiwan Semiconductor Manufacturing Co., Ltd (NYSE:TSM). These trades highlight Ark’s strategic positioning in the market amidst evolving industry dynamics.