Odaily Planet Daily reports that 10x Research posted on the X platform that Circle (CRCL) stock price has risen against the trend over the past week, moving above the 7-day and 30-day moving averages. At the institutional level, ARK Invest, led by Cathie Wood, increased its holdings by 218,000 shares of CRCL during the market correction, indicating growing institutional confidence; additionally, Circle has reached a strategic partnership with Polymarket, which will adopt native USDC as the primary settlement asset, further expanding USDC’s use in prediction markets. Analysts believe that the GENIUS Act framework could facilitate more direct inflows of digital dollar reserves into the U.S. Treasury market, and under this trend, Circle may become a major beneficiary.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CRCL stock price increased by 87% in a month, driven by short squeeze and the dual factors of US-Iran conflict
CRCL stock price rose about 10% on March 9, with a total increase of 87.18% over the past month. Mizuho Bank analysts pointed out that this surge was driven by Middle East geopolitical conflicts leading to high oil prices, which boosted inflation expectations and increased the earnings of stablecoin issuers. Another analysis suggests that the stock price increase was mainly due to short covering. Valuation analysis indicates that CRCL's current stock price is above its intrinsic value, posing a risk of overvaluation.
MarketWhisper30m ago
Circle stock price surges 87% in a month! How the US-Iran war and trader position adjustments are driving the rally?
Circle's stock price surged 87% in a single month due to the impact of the US-Iran conflict. Analysts have pointed out that its stock is overvalued, and the discounted cash flow model shows an intrinsic value of $42.25. The current stock price of $111.84 is 164.7% higher. The price-to-sales ratio also emphasizes that the stock is overvalued, indicating a high risk of overestimation.
CryptoCity1h ago
EDGE Chain now supports USDC, allowing users to use it in ecosystem applications like edgeX.
Gate News Announcement: On March 10,, EDGE Chain added support for USDC. Users can use USDC in edgeX and other applications within the EDGE ecosystem. Previously, Circle announced that Circle Ventures had completed a strategic investment in edgeX and reached a deep cooperation. After the relevant conditions are met, Circle plans to integrate the native USDC and its cross-chain transfer protocol CCTP into EDGE Chain.
GateNews4h ago
Whale Deposits $2.6M USDC to HyperLiquid, Opens Leveraged Short Positions
Gate News bot message, within the past 24 hours, a whale deposited $2.6M USDC into HyperLiquid and opened CL and BRENTOIL short positions with 7x leverage. The whale currently holds a floating profit of over $1.5M.
GateNews6h ago
Hyperliquid crude oil contract CL-USDC daily trading volume exceeds $1.2 billion, becoming the platform's second-largest trading market
On March 10th, Bloomberg reported that due to escalating conflicts in the Middle East, the 24-hour trading volume of perpetual contracts tracking WTI crude oil on the Hyperliquid platform exceeded $1.2 billion, making it the second-largest market after Bitcoin. The contract price briefly rose to $107 per barrel, with $75 million in short positions liquidated, indicating the market's sensitive reaction to the Iran situation.
GateNews7h ago
USDC Treasury mints an additional 250 million USDC on the Solana chain
Gate News Report, March 9 — According to Whale Alert monitoring, the USDC Treasury issued an additional 250 million USDC on the Solana chain on March 9, valued at approximately $250 million.
GateNews17h ago
