Morgan Stanley cut Circle's price target to $38, citing weaker USDC outlook and rising competition. The stock fell about 6% on the news and is down roughly 30% year‑to‑date.
Bernstein warns that if the Clarity Act fails to pass this year, crypto markets could face another selloff, though increased regulatory rulemaking may provide a temporary buffer.
U.S.-Japan foreign exchange intervention pushed the yen higher and revived worries about a bitcoin carry‑trade unwind, but data shows bitcoin’s moves align more with broad dollar strength than yen moves.
Matt Prusak, president of American Bitcoin, is joining Giga Energy as chief business officer, reflecting a trend of executives moving from crypto mining to AI and energy infrastructure.
U.S.-Japan foreign exchange intervention pushed the yen higher and revived worries about a bitcoin carry‑trade unwind, but data shows bitcoin’s moves align more with broad dollar strength than yen moves.
Bernstein warns that if the Clarity Act fails to pass this year, crypto markets could face another selloff, though increased regulatory rulemaking may provide a temporary buffer.
Morgan Stanley cut Circle's price target to $38, citing weaker USDC outlook and rising competition. The stock fell about 6% on the news and is down roughly 30% year‑to‑date.
Morgan Stanley cut Circle's price target to $38, citing weaker USDC outlook and rising competition. The stock fell about 6% on the news and is down roughly 30% year‑to‑date.
U.S.-Japan foreign exchange intervention pushed the yen higher and revived worries about a bitcoin carry‑trade unwind, but data shows bitcoin’s moves align more with broad dollar strength than yen moves.
Bernstein warns that if the Clarity Act fails to pass this year, crypto markets could face another selloff, though increased regulatory rulemaking may provide a temporary buffer.
Morgan Stanley cut Circle's price target to $38, citing weaker USDC outlook and rising competition. The stock fell about 6% on the news and is down roughly 30% year‑to‑date.
Matt Prusak, president of American Bitcoin, is joining Giga Energy as chief business officer, reflecting a trend of executives moving from crypto mining to AI and energy infrastructure.