Crypto Analysts Warn: Traders Misreading The Clarity Act Could Miss The Real Opportunity
Circle shares slumped on Tuesday (nearly 20%) after U.S. lawmakers advanced the Clarity Act. This decline has been linked to the Clarity Act draft language that suggests it would curb interest paid on crypto stablecoin holdings. A Key Crypto-Basics Misunderstanding The reason of the sudden drop? The market is misunderstanding the legislation, analyst Gautam Chhugani…
Bitwise CIO Projects Circle To Hit $75B Valuation By 2030 Despite Selloff, Clarity Act Concerns
Circle stock, CRCL, experienced a significant decline over the past day following news of a proposed ban on stablecoin yield. Despite this selloff, Bitwise’s CIO maintains that the market reaction was excessive and projects that the company’s valuation will likely double by 2030. Circle Selloff Was ‘Overblown’ – Bitwise CIO On Tuesday, Circle Internet Financial,…
$14B In Stablecoins Minted Since October Crash: Liquidity Returning To Crypto
The crypto market remains under intense selling pressure, with sentiment turning increasingly bearish as Bitcoin trades below the $100,000 mark for the first time since May. Altcoins have fared even worse, extending a downtrend that began in early October. Despite this wave of uncertainty and fading bullish momentum, capital inflows into the market continue to…
Stablecoin Leader Circle Beats Q2 Expectations, CRCL Stock Climbs 5%
Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of the year following its initial public offering (IPO). USDC Circulation Soars 90% Year-Over-Year The uptick in Circle’s CRCL stock toward the $164 mark on Tuesday,…
XRP Addresses Holding 1M Coins Reach 12-Year High As Experts Predict Move Above $4
The XRP Ledger (XRPL) is witnessing increased network activity, which is bullish for its native token’s price. On-chain data also shows that whales are actively accumulating XRP, with the addresses holding one million coins recently reaching a new high. XRP Ledger Records Massive Growth In Past Week In an whale and shark wallets holding at…
Stablecoins Supply Up By $20 Billion – The Key To Bitcoin’s Next Move?
Early in 2025, there was a significant surge in the stablecoin market, with a $20 billion increase in total supply. With a 10% increase from January, the total supply now stands at almost $205 billion. The spike, according to data from Glassnode, comes after a dip in late 2024, when the supply of stablecoins fell…