The Latest Breaking News from Circle

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

Cathie Wood has just snapped up Circle Internet Group shares as BTC drops below the $90K mark.

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.

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Circle Internet Group Inc. (NYSE:CRCL), Alibaba Group Holding Ltd. (NYSE:BABA), and Tesla Inc. (NASDAQ:TSLA). These trades reflect Ark’s strategic positioning in the market, with notable buys in Circle and Alibaba, and a sell-off in Tesla.