L'intérêt à découvert pour Circle Internet Group donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Circle Internet Group. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Circle Internet Group (NYSE:CRCL) Stock, Rapport sur les intérêts à découvert

Circle Internet Group

Circle Internet Group Inc is a financial technology firm engaged in digital currencies and public blockchains for payments, commerce, and financial applications. The company is the issuer of USD Coin (USDC).

Editor&#8217;s note: the story has been corrected with accurate information about other executive moves within the cryptocurrency industry.
Joseph Chalom, former head of digital assets strategy at BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), has been named <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46500927/sharplink-sbet-shares-plunge-after-filing-to-sell-an-additional-5-billion-in-stock">co-CEO of SharpLink</a> Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), the world's second-largest corporate holder of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), effective July 24.
Announced on July 25, the move underscores SharpLink's ambition to lead in Ethereum-based decentralized finance (DeFi) and digital asset innovation.
Chalom will serve alongside current CEO Rob Phythian, who will transition to president over the next quarter while remaining on the company's board.
SharpLink, a Minneapolis-based online gaming company with 360,807 ETH valued at approximately $1.34 billion as of July 20, 2025, is a prominent advocate for Ethereum adoption. 
Chalom's expertise, honed through launching BlackRock's iShares Ethereum Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) with over $10 billion in assets, positions him to drive SharpLink's vision of bridging traditional finance and blockchain technology. 
Joseph Lubin, SharpLink's chairman and Ethereum co-founder, <a href="https://www.morningstar.com/news/globe-newswire/9500420/sharplink-welcomes-blackrock-digital-assets-pioneer-joseph-chalom-as-newly-appointed-co-ceo">called</a> Chalom's appointment a "resounding validation" of the company's ETH treasury strategy.
Chalom stated, "SharpLink's commitment to the Ethereum ecosystem reflects a bold vision that resonates with my passion for digital assets and scaling innovative financial technologies. I'm thrilled to lead SharpLink into its next phase, harnessing Ethereum's unique value proposition."
Chalom's transition mirrors other executive moves within the crypto sector.
In May 2025, Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), joined Sygnum Bank as a senior advisor.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46632902/strategy-upsizes-500-million-ipo-to-2-5-billion-which-other-companies-are-buying-bitcoin">Strategy Upsizes $500 Million IPO To $2.5 Billion: Which Other Companies Are Buying Bitcoin?</a>
Chalom's move to SharpLink aligns with this trend, leveraging his experience in forging BlackRock's partnerships with Nasdaq, Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and Circle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) to advance SharpLink's Ethereum-centric strategy.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46629919/why-are-public-companies-ammassing-eth-xrp-sol-bnb-instead-of-just-bitcoin">Why Are Public Companies Amassing ETH, XRP, SOL, BNB Instead Of Just Bitcoin?</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

$ETH

COIN

CRCL

ETHA

SBET

BlackRock's Head Of Digital Asset Strategy To Join Ethereum Treasury Company SharpLink (CORRECTED)

Major digital asset firms and issuers of stablecoins, Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) and Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) are aiming to become integral players in the banking system to show how crypto can now be used in banking, as highlighted by Anthony Agoshkov, co-founder of Marvel Capital.
What Happened: These firms have <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46230381/xrp-spikes-3-as-ripple-applies-for-us-banking-license">formally applied</a> to the Office of the Comptroller of the Currency (OCC) for national trust bank charters, signaling a profound shift in the financial landscape. 
This move indicates a clear ambition to transition beyond merely facilitating transactions, explains Agoshkov.
He argues that the sheer volume of stablecoin activity underscores their foundational role. &#8220;To me, the numbers say it all. Stablecoins moved over $5.7 trillion last year, and we're already at $4.6 trillion halfway through 2025. That&#8217;s the core financial infrastructure,&#8221; he told <a href="https://www.benzinga.com">Benzinga</a>.
This staggering activity underpins Ripple and Circle&#8217;s &#8220;rational next move&#8221; towards deeper financial integration. The applications reveal a clear intent: stablecoin issuers, collectively holding billions in reserves, are no longer content with being mere intermediaries.
He views this as a &#8220;structural leap,&#8221; embedding crypto &#8220;inside the system, with full credibility,&#8221; effectively redefining what it means for &#8220;crypto to become the bank.&#8221;
&#8220;It's obvious that stablecoin issuers aren't content being passengers anymore,&#8221; Agoshkov remarked. Their pursuit of national bank charters aims for &#8220;a direct line into the Fed's payment plumbing,&#8221; mirroring the access traditionally enjoyed by banks.
See Also: <a href="https://www.benzinga.com/markets/earnings/25/07/46566039/northrop-grumman-eyes-multi-billion-dollar-opportunities-in-middle-east-air-defense-europe-amid-">Northrop Grumman Eyes &#8216;Multi-Billion Dollar Opportunities&#8217; In Middle East Air Defense, Europe Amid Regional Instability</a>
Why It Matters: A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to and collateralized by a reference asset, which is either fiat money or another cryptocurrency.
This pivotal development of Ripple and Circle applying for banking licenses promises to fundamentally reshape how banking operates.
Agoshkov envisions a future where established financial layers are bypassed: &#8220;Once these firms get Fed access and national licensing, we will be talking about skipping the whole middle layer — no SWIFT, no correspondent chains, just native, regulated settlement.&#8221;
Ripple issues the stablecoin, RLUSD, whereas Circle issues USDC. Thus, having a banking license will help these firms mobilize capital on blockchain.
Price Action: As of the publication of this article, XRP was trading at $3.44 per coin. Its all-time high was $3.84 with a market capitalization of $203.74 billion.
On the other hand, CRCL rose 1.46% in premarket on Wednesday. The stock was up 138.27% since its listing.
Benzinga Edge Stock Rankings shows that CRCL had a stronger price trend over the short, medium, and long term. Its value ranking was poor at the 2.35th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="163" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23061436/CRCL-EDGE-1024x163.png" alt="" class="wp-image-996838" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23061436/CRCL-EDGE-1024x163.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23061436/CRCL-EDGE-300x48.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23061436/CRCL-EDGE-768x122.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23061436/CRCL-EDGE.png 1174w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 0.39% at $631.30, while the QQQ advanced 0.19% to $562.30, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

$XRP

Ripple, Circle Push For Fed Access As $5.7 Trillion Stablecoin Surge Fuels Ambitions To Replace SWIFT, Says Industry Observer

The U.S. stock market experienced a mixed session today. The Nasdaq fell nearly 80 points, closing down 0.4% at 20,892.69. Meanwhile, the Dow Jones Industrial Average managed a gain of 0.4%, ending at 44,502.44. The S&amp;P 500 also saw a gain, albeit marginal, of 0.06% to finish at 6,309.62.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Kohl&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>)
Kohl&#8217;s Corp saw its stock surge, closing up 37.75% at $14.34. The stock reached an intraday high of $21.39 and a low of $12.37, with a 52-week range between $22.53 and $6.04. In the after-hours session, the shares rose 4.39%. The company has been a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46544461/meme-stock-traders-pounce-on-familiar-targets-as-opendoor-technologies-stock-continues-to-rip">retail trader favorite</a>, with its shares surging over 77% in the past month.
Krispy Kreme Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>)
Krispy Kreme&#8217;s stock climbed 26.69% to close at $4.13, with an intraday high of $4.18 and a low of $3.26. The stock&#8217;s 52-week range is between $12.67 and $2.50. The doughnut maker&#8217;s shares continued to rise in after-hours trading, despite no specific company news. The stock&#8217;s performance is part of a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46561494/krispy-kreme-stock-spikes-as-meme-mania-short-squeeze-frenzy-returns">broader meme stock rally</a>, driven by retail investor enthusiasm. 
Lockheed Martin Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)
Lockheed Martin&#8217;s shares dropped 10.94%, closing at $410.74. The stock hit an intraday high of $437.45 and a low of $410.11, with a 52-week range from $618.95 to $410.11. The defense giant&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/07/46546336/missile-wins-cant-offset-margin-collapse-lockheed-martin-tumbles-after-q2-report">mixed second-quarter results</a>, impacted by significant program charges, led to reduced margins and lower GAAP profits. The company cut its full-year GAAP EPS guidance to the $21.70 to $22 range from $27.
Circle Internet Group Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>)
Circle Internet Group&#8217;s stock fell 8.13%, ending the day at $198.31. It reached an intraday high of $211.99 and a low of $192.90, with a 52-week range between $298.99 and $64. The company&#8217;s stock rating was downgraded by Compass Point due to concerns over <a href="https://www.benzinga.com/markets/equities/25/07/46538249/compass-point-calls-circle-overvalued-cuts-price-target-after-stablecoin-legislation-threatens-profit-outlook">new U.S. stablecoin legislation</a> affecting its profit outlook. 
Lucid Group Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)
Lucid Group&#8217;s shares rose 10.99%, closing at $3.13. The stock&#8217;s intraday high was $3.15, with a low of $2.75, and a 52-week range of $4.43 to $1.93. The company <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46550646/why-lucid-group-stock-is-gaining-on-tuesday">announced upgrades</a> to its 2026 Lucid Air models, including a new adapter for Tesla Superchargers, enhancing charging accessibility and maintaining long-range capabilities.
Benzinga's Edge Stock Rankings show Kohl&#8217;s Corp stock has a very low Momentum score of 11.52. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how it compares</a> with other retail favorites such as Opendoor Technologies (OPEN) and Petco Health and Wellness (WOOF).
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="338" height="107" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22213250/Screenshot-2025-07-23-at-10.32.34.png" alt="" class="wp-image-996293" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22213250/Screenshot-2025-07-23-at-10.32.34.png 338w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22213250/Screenshot-2025-07-23-at-10.32.34-300x95.png 300w" sizes="(max-width: 338px) 100vw, 338px" /></a></figure>
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Photo Courtesy: Mizkit on Shutterstock.com
Read Next: 
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</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

General

DNUT

LCID

Kohl's Corp, Krispy Kreme, Lockheed Martin, Circle Internet And Lucid Group: Why These 5 Stocks Are On Investors' Radars Today

ARK Invest, led by Cathie Wood, has made a major equity investment in BitMine Immersion Technologies Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), <a href="https://www.benzinga.com/pressreleases/25/07/n46541601/ark-invest-acquires-182-million-of-bitmine-immersion-bmnr-common-shares-enabling-bitmine-to-furthe" target="_blank" rel="noreferrer noopener">acquiring nearly 4.8 million shares</a> valued at $182 million across multiple ARK funds.
BitMine confirmed that the net proceeds of $177 million from this transaction will be used exclusively to buy Ethereum (ETH), as the firm pursues its goal of acquiring 5% of the circulating ETH supply.
Thomas &#8220;Tom&#8221; Lee, Chairman of BitMine&#8217;s Board of Directors and Head of Research at Fundstrat, lauded Cathie Wood&#8217;s ARK Invest for taking a substantial stake in BitMine. 
Also Read:<a href="https://www.benzinga.com/markets/equities/25/07/46487931/bitmine-surges-14-after-hours-as-ethereum-holdings-top-1-billion-just-days-after-250-million-raise" target="_blank" rel="noreferrer noopener"> BitMine Surges 14% After Hours As Ethereum Holdings Top $1 Billion Just Days After $250 Million Raise</a>
He highlighted her reputation as an early backer of breakthrough investments such as Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Bitcoin (CRYPTO: BTC/USD). Wood recently anchored her support behind Circle&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) high-profile IPO under the ticker CRCL.
Other major names backing BitMine&#8217;s Ethereum strategy include Founders Fund, Pantera Capital, Galaxy Digital, Kraken, Digital Currency Group, and the pseudonymous MOZAYYX. Their collective support points to renewed institutional interest in Ethereum as the crypto market gears up for what some believe could be the next bull cycle.
The move also reflects what many are calling the &#8220;<a target="_blank" href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46535966/peter-thiel-effect-cathie-wood-pours-175-million-into-bitmine-immersion-stock-as-founders-fund-backing-ethereum-spike-fuels-buzz" rel="noreferrer noopener">Peter Thiel effect</a>,&#8221; referring to the wave of capital entering Ethereum-related projects following strong signals from influential tech investors.
BitMine&#8217;s decision to allocate its latest raise to Ethereum is a bold signal of confidence in the asset&#8217;s long-term trajectory. As competition among crypto-focused firms intensifies, strategic backing from high-profile investors like Wood could shape the future of digital asset accumulation.
Related ETFs include Grayscale Ethereum Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#OTCQX">ETHE</a>) and Bitwise Crypto Industry Innovators ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITQ#NYSE">BITQ</a>).
Price Action: BMNR shares are trading higher by 4.08% to $41.19 at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46547741/peter-thiel-and-cathie-wood-just-boarded-tom-lees-ether-rocket" target="_blank" rel="noreferrer noopener">Peter Thiel And Cathie Wood Just Boarded Tom Lee&#8217;s Ether Rocket</a></li>
</ul>
Image via Shutterstock

Movers

Tech

BITQ

BMNR

ETHE

TSLA

Cathie Wood Joins Crypto Heavyweights In Backing BitMine's Ethereum Play

WIIM

Circle Internet Group shares are trading lower after Compass Point downgraded the stock from Neutral to Sell and lowered its price target from $205 to $130.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Seaport Global analyst Vitaly Umansky downgraded the rating for MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) from Buy to Neutral. MGM Resorts shares closed at $37.17 on Monday. <a href="https://www.benzinga.com/quote/MGM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Compass Point analyst Ed Engel downgraded Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) from Neutral to Sell and lowered the price target from $205 to $130. Circle Internet shares closed at $216.10 on Monday. <a href="https://www.benzinga.com/quote/CRCL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Matthew Boss downgraded the rating for lululemon athletica inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) from Overweight to Neutral and slashed the price target from $303 to $224. Lululemon shares closed at $223.21 on Monday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Gena Wang downgraded Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) from Overweight to Equal-Weight and cut the price target from $32 to $18. Sarepta Therapeutics shares closed at $13.32 on Monday. <a href="https://www.benzinga.com/quote/SRPT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital analyst Anthony Chukumba downgraded the rating for Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) from Buy to Hold and maintained the price target of $120. Shopify shares closed at $128.43 on Monday. <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying LULU stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="628" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22082323/image-304-1024x628.png" alt="" class="wp-image-995319" style="width:685px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22082323/image-304-1024x628.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22082323/image-304-300x184.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22082323/image-304-768x471.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22082323/image-304.png 1122w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Photo via Shutterstock

Downgrades

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

LULU

SHOP

SRPT

This Lululemon Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) in the last three months.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $172.27, along with a high estimate of $250.00 and a low estimate of $80.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 15.97%. 
<img src="https://www.benzinga.com/files/images/story/2025/1753185645_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Circle Internet Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ed Engel</td>
<td>Compass Point</td>
<td>Lowers</td>
<td>Sell</td>
<td>$130.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Announces</td>
<td>Neutral</td>
<td>$210.00</td>
<td>-</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Underperform</td>
<td>$85.00</td>
<td>-</td>
</tr>
<tr>
<td>James Yaro</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$83.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$155.00</td>
<td>-</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$215.00</td>
<td>-</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Underweight</td>
<td>$80.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Vafi</td>
<td>Canaccord Genuity</td>
<td>Announces</td>
<td>Buy</td>
<td>$247.00</td>
<td>-</td>
</tr>
<tr>
<td>John Todaro</td>
<td>Needham</td>
<td>Announces</td>
<td>Buy</td>
<td>$250.00</td>
<td>-</td>
</tr>
<tr>
<td>Ed Engel</td>
<td>Compass Point</td>
<td>Announces</td>
<td>Neutral</td>
<td>$205.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeff Cantwell</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Buy</td>
<td>$235.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Circle Internet Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Circle Internet Group compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Circle Internet Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Circle Internet Group's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CRCL/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Circle Internet Group analyst ratings.</a>
<h2>Delving into Circle Internet Group's Background</h2>
Circle Internet Group Inc is a financial technology firm engaged in digital currencies and public blockchains for payments, commerce, and financial applications. The company is the issuer of USD Coin (USDC).
<h3>Understanding the Numbers: Circle Internet Group's Finances</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Circle Internet Group's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 58.47%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Circle Internet Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.0% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Circle Internet Group's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.0%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Circle Internet Group's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.0%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Circle Internet Group's debt-to-equity ratio is below the industry average at 0.05, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Circle Internet Group's Future

Compass Point analyst Ed Engel downgrades Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) from Neutral to Sell and lowers the price target from $205 to $130.

Price Target

Compass Point Downgrades Circle Internet Group to Sell, Lowers Price Target to $130

Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) has seen its stock rating downgraded by Compass Point from Neutral to Sell. The company&#8217;s price target has also been significantly reduced from $216.10 to $130.
What Happened: The downgrade comes in the wake of the latest U.S. stablecoin legislation, which has prompted Compass Point to re-evaluate Circle&#8217;s long-term economic prospects to its current $53 billion valuation, as reported <a href="https://www.investing.com/news/analyst-ratings/circle-internet-group-stock-rating-downgraded-to-sell-by-compass-point-93CH-4144836">by</a> Investing.com on Monday.
While the firm still acknowledges the potential of Circle&#8217;s USDC stablecoin in the financial system, it has become more cautious about the company&#8217;s future economics.
Compass Point expects Circle to grow its distribution network shortly, a move that could put pressure on the company's profitability.
The firm also anticipates that traditional banks and fintech firms will launch rival stablecoin products in the second half of 2025, potentially challenging Circle's long-term EBITDA margins and market share.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46529190/trader-who-called-bitcoin-ethereum-solana-bottom-in-april-now-warns-local-top-likely-in-aug" target="_blank" rel="noopener">Trader Who Called Bitcoin, Ethereum, Solana Bottom In April Now Warns Local Top Likely In August</a>
Why It Matters: Last week, Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) initiated coverage on Circle with a Buy rating, highlighting the <a href="https://www.benzinga.com/markets/equities/25/07/46387454/citi-sees-30-upside-in-circle-stock-backs-usdc-issuer-as-key-player-in-stablecoin-market">company's strong potential to lead stablecoin</a> adoption. 
During the same week, Jeremy Allaire, CEO of Circle Internet Group, highlighted that stablecoins, such as Circle&#8217;s USDC, are <a href="https://www.benzinga.com/markets/tech/25/07/46432984/circle-ceo-stablecoins-are-going-mainstream-fast">rapidly gaining traction</a> as a preferred medium for both retail and institutional transactions.
Circle also become a <a href="https://www.benzinga.com/markets/tech/25/07/46322945/the-curious-case-of-circle-stock-wall-street-cant-agree-on-the-future-of-finance">highly polarizing stock</a> following its blockbuster IPO, with analysts deeply divided on its outlook. Bearish analysts point to overvaluation, flat USDC supply, shrinking margins, and regulatory risks
Price Action: Circle closed Monday at $216.10, marking a 3.43% decline, and slipped a further 1.81% in pre-market trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: PJ McDonnell from Shutterstock

Compass Point Calls Circle Overvalued, Cuts Price Target After Stablecoin Legislation Threatens Profit Outlook

Barstool Sports founder Dave Portnoy is known for his opinions on sports. In recent years, he also became well known for his opinions about<a href="https://www.benzinga.com/24/12/42602503/dave-portnoy-says-he-owns-15-million-bitcoin-13-million-xrp-bet-it-and-set-it-not-trading"> the cryptocurrency sector.</a> He recently sold his stake in XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) and missed out on millions of dollars.
What Happened: Portnoy, who was known to<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43647226/dave-portnoy-buys-risk-laden-dave-fartnoy-after-promoting-controversial-jailstool-im-in-this-one-to-make-money"> invest in altcoins </a>earlier this year, shared back in December that he held $1.3 million in XRP Token and $1.5 million in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). The investor said he planned to set the investments and forget them.
Fast forward to July 2025 and Portnoy recently admitted in a video shared July 17 that he sold his XRP at around $2.40.
Portnoy <a href="https://x.com/stoolpresidente/status/1947290161089302900">said </a>XRP was going from $2.10 to $2.40, back to $2.10, back to $2.40. A crypto analyst who has given Portnoy advice texted and said he didn't like what XRP was doing and thought that Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) and the competition in the stablecoin space could be bad news for XRP.
The Barstool Sports founder said he had close to $3 million in XRP and decided to sell it when it went back up to $2.40.
"I wasn't going to sell it. I was going to diamond hands it," Portnoy said.
After selling the XRP, the cryptocurrency "went parabolic," according to Portnoy.
"I blame my $XRP guy who texted me out of the blue to say he didn't like it as much anymore," Portnoy tweeted.
The investor said the person who texted him said they didn't sell their XRP as they hold things for five years.
"I would have made millions. I want to cry."
Portnoy said selling early and missing out on millions "made me sick to my stomach."
XRP trades at $3.53 today, with the one-month range $1.91 to $3.65. The recent high of $3.65 is just shy of an all-time high of $3.84 hit back in 2018 and marks the highest price for XRP in seven years. 
Read Also:<a href="https://www.benzinga.com/crypto/25/07/46356164/if-you-invested-1000-in-xrp-token-when-snoop-dogg-performed-at-ripples-2018-event-heres-how-much-youd-have-today"> If You Invested $1,000 In XRP Token When Snoop Dogg Performed At Ripple&#8217;s 2018 Event, Here&#8217;s How Much You&#8217;d Have Today</a>
Why It's Important: Despite the missed profits in XRP, Portnoy said he's still made profits on his Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) investments.
"I'm still doing good," Portnoy said.
Portnoy's investments in Bitcoin and XRP in December 2024 happened after the investor<a href="https://www.benzinga.com/general/sports/24/12/42403470/michael-saylor-uses-lebron-james-michael-jordan-sports-analogy-to-explain-bitcoin-to-dave-portnoy-satoshi-gave-us-a-game-we-can-all-win" target="_blank" rel="noreferrer noopener">&nbsp;interviewed Bitcoin bull</a>&nbsp;Michael Saylor.
&#8220;I&#8217;m always late to these runs,&#8221; Portnoy said in response to a viewer of his &#8220;Davey Day Trader Global&#8221; stream.
Portnoy also shared that he is holding his Bitcoin, saying he had 15 Bitcoin, worth around $1.5 million.
&#8220;I&#8217;m gonna bet it and set it, not trading,&#8221; Portnoy said of the cryptocurrencies.
During the streams, Portnoy also discussed the optimism for Ripple and XRP thanks to the launch of the stablecoin, while adding that RLUSD was not a hidden thing.
&#8220;Already so much hype.&#8221;
The Barstool Sports founder asked Saylor, who is known as one of the biggest Bitcoin bulls, to explain Bitcoin to him in a way he can understand. The interview came after Portnoy confessed to selling his Bitcoin after the&nbsp;Winklevoss twins&nbsp;confused&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42361200/dave-portnoy-blames-winklevoss-twins-for-confusing-him-into-selling-bitcoin-too-early" target="_blank" rel="noreferrer noopener">him back in 2020.</a>
Portnoy&#8217;s investment in XRP came after Saylor essentially told him to buy Bitcoin and not worry about other investments.
Along with cryptocurrency investments, Portnoy is also up on<a href="https://www.benzinga.com/markets/equities/25/07/46511927/dave-portnoys-10-million-elon-musk-bet-pays-off-as-tesla-soars-12-in-two-weeks-thats-a-million-bucks"> his recent buy</a> of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock. Portnoy invested $10 million in Tesla two weeks ago with shares down on bearishness from a battle between CEO Elon Musk and President Donald Trump.
While the initial investment was down shortly after Portnoy's trade, Tesla stock is now up around 12% from his purchase, surpassing his original goal of making 10% or a couple million bucks on the short-term trade.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43605114/dave-portnoy-holds-millions-in-bitcoin-and-xrp-but-heres-why-he- -his-heart-is-too-big-for-this-space">Dave Portnoy Holds Millions In Bitcoin And XRP, But Here&#8217;s Why He Concluded His Heart Is &#8216;Too Big For This Space&#8217;</a></li>
</ul>
Photo: Shutterstock

$BTC

Dave Portnoy Says 'I Want To Cry' After Selling XRP Token Before New 7-Year Highs

The current momentum in blockchain markets represents a fundamental shift in financial infrastructure rather than another speculative crypto wave, according to Bernstein's latest memo. 
The firm characterizes the ongoing surge, driven by stablecoins, tokenized assets, and Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) growing dominance, as a "blockchain financial services cycle," signaling structural <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46515365/ethereum-roars-to-3800-whats-driving-the-surge">transformation instead of cyclical hype.</a>
What Happened: In a note sent to Benzinga on Monday, the analysts described how recent developments, particularly the bipartisan passage of the U.S. GENIUS Act and the public listing of Circle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NASDAQ">CRCL</a>), have solidified stablecoins as regulated digital cash.
The GENIUS Act, signed into law by President Donald Trump, formally legalizes the use of stablecoins in digital payments, marking a critical turning point in U.S. financial regulation. 
Bernstein emphasizes that this regulatory clarity is helping shift blockchain technology from speculative use cases to core financial infrastructure.
Ethereum has emerged as the principal beneficiary of this transformation. 
With over 60% of USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), the leading dollar-backed stablecoin issued on Ethereum, and nearly a third of the $25 billion in tokenized assets operating on its network, Ethereum has reasserted its position as the leading blockchain for real-world financial applications.
BlackRock's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) tokenized BUIDL fund, now valued at approximately $2.8 billion, also runs on Ethereum.
"Ethereum is having its moment," the analysts wrote, noting that ETH has risen roughly 45% in just two weeks. 
That surge, they argue, is underpinned not by speculation but by fundamental demand for the blockchain's utility as a financial settlement layer. 
As more capital flows into Ethereum to deploy stablecoins, operate DeFi applications, and facilitate tokenized asset transactions, network fees increase fueling ETH staking yields and reinforcing long-term holding behavior.
Currently, about 30% of ETH supply is staked, up from 24% in January 2024, indicating growing confidence in the protocol's yield-bearing properties. 
Ethereum staking yields, currently around 2.9% in ETH terms, are fueled by transaction fees and validator emissions. 
According to Bernstein, this creates a "positive feedback loop": more transactions drive higher fees, which boost staking yields, thereby increasing the incentive to acquire and stake ETH.
This yield dynamic is also being reflected in institutional investment flows. ETH spot ETFs, once lagging behind their Bitcoin counterparts, are now rapidly catching up. 
Bernstein reported that Ethereum ETFs brought in $2.2 billion last week, nearly matching the $2.4 billion in Bitcoin ETF inflows. 
On one day alone, ETH ETF flows surpassed Bitcoin's for the first time. BlackRock has also filed to amend its (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) ETF to include staking yields, potentially offering around 3% in returns, transforming ETH from a capital gains asset into one with income potential.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46515365/ethereum-roars-to-3800-whats-driving-the-surge">Ethereum Roars To $3,800: What&#8217;s Driving The Surge?</a>
Why It Matters: The firm also highlighted the emergence of &#8220;Ethereum treasury companies, &#8220;firms that hold ETH on their balance sheets to earn yield through staking or decentralized finance protocols, similar to how Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) pioneered the Bitcoin treasury model.
In July 2025 alone, companies like SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), BitMine Immersion Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), and Bit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) have collectively accumulated over 430,000 ETH, amounting to roughly 0.6% of the total supply.
Meanwhile, Ethereum's supply growth has been tightly controlled due to the EIP-1559 upgrade, which permanently removes a portion of transaction fees from circulation. 
The result is a near-flat annual supply increase of just 0.8% over the past four years. 
With over a quarter of ETH locked in staking contracts and growing institutional buying pressure, Bernstein sees a structurally deflationary setup supporting long-term price appreciation.
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</ul>
Image: Shutterstock

$USDC

BTBT

MSTR

Ethereum Is At The Forefront Of The Financial Services Revolution, Bernstein Says

These ten large-cap stocks were top performers last week. Are they a&nbsp;<a target="_blank" href="https://www.benzinga.com/trading-ideas" rel="noreferrer noopener">part of your portfolio</a>?
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<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) has gained over 47.9% in the last week after the company announced that it's expanding its manufacturing capacity at its facilities in California and Ohio and adding aircraft <a href="https://www.benzinga.com/node/46414345" target="_blank" rel="noreferrer noopener">to its fleet</a>. The firm also said that it has made  significant progress with Federal Aviation Administration certification and successful<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46479829/archer-aviation-stock-is-soaring-thursday-whats-piloting-the-action" target="_blank" rel="noreferrer noopener"> piloted test flights in Dubai</a>.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) has jumped 36.72% this week after the company entered into a long-term partnership under which it will provide Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with rare earth magnets made from 100% recycled materials, <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46414833/mp-materials-stock-surges-on-500-million-partnership-with-apple" target="_blank" rel="noreferrer noopener">manufactured in the U.S</a>. The firm also commenced a $500 million underwritten <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46456315/mp-materials-stock-is-sliding-after-hours-heres-why" target="_blank" rel="noreferrer noopener">public offering of its common stock</a>.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) gained 30.25% this week after the U.S. Department of Energy announced the start of a new pilot program to accelerate the development of advanced nuclear reactors and strengthen domestic <a href="https://www.benzinga.com/markets/tech/25/07/46472632/trump-wants-to-make-nuclear-great-again-like-its-1955" target="_blank" rel="noreferrer noopener">supply chains for nuclear fuel</a>.</li>
<li>Rocket Lab Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) shares soared 31.26% this week after Citigroup analyst Jason Gursky maintained a Buy and raised the <a href="https://www.benzinga.com/quote/RKLB/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $33 to $50.</a></li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock gained 28.20% in the last week. The company said in an exchange filing that its subsidiary secured <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46403836/whats-behind-the-recent-rally-in-ast-spacemobile-stock" target="_blank" rel="noreferrer noopener">a $550 million credit agreement</a>.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) shares increased 28% this week after UBS raised its <a href="https://www.benzinga.com/quote/u/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock from $22 to $33</a>. Also, Wedbush raised its price forecast on the stock from $31.5 to $39.</li>
<li>Freedom Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRHC#NASDAQ">FRHC</a>) shares rose 2.56% this week.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) shares gained 24% this week after the company completed the U.S. Nuclear Regulatory Commission&#8217;s pre-application readiness assessment for Phase 1 of its combined license <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46470370/oklo-stock-is-trading-higher-thursday-whats-going-on-2" target="_blank" rel="noreferrer noopener">application for the Aurora Powerhouse</a>. Also, Cantor Fitzgerald initiates coverage on Oklo with an Overweight rating and price forecast of $73.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares gained 14.55% this week.&nbsp;&nbsp;</li>
<li>Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) shares gained 18.23% this week amid ongoing volatility after the U.S. House passed <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46448360/circle-internet-group-crcl-shares-rally-as-trumps-intervention-revives-key-stablecoin-bill" target="_blank" rel="noreferrer noopener">the motion to reconsider the crypto rule</a>.</li>
</ol>
Photo by JLStock via Shutterstock

Large Cap

AAPL

ASTS

FRHC

JOBY

OKLO

RKLB

Rocket Lab, AST SpaceMobile And Circle Internet Are Among Top 10 Large Cap Losers Last Week (July 14-July 18): Are The Others In Your Portfolio?

Palmer Luckey is making another big bet: this time, not in virtual reality or military defense, but digital finance. The <a href="https://www.benzinga.com/markets/tech/25/06/45990943/anduril-partners-with-germanys-rheinmetall-to-build-smart-autonomous-air-systems-and-rocket-motors-for-europes-defense-amid-ceo-palmer-luckeys-ipo-push">Anduril</a> CEO and Oculus founder has launched Erebor, a digital bank that already holds a valuation of $2 billion as it raises at least $225 million in funding,<a href="https://www.businessinsider.com/palmer-luckeys-new-digital-bank-erebor-valuation-2025-7"> Business Insider</a> reports.
Venture firms Founders Fund and 8VC, led by <a href="https://www.benzinga.com/25/05/45609524/ups-sells-ware2go-to-peter-thiel-backed-stord-as-startup-gains-2-5m-square-feet-to-compete-with-amazon-expand-to-u-k-and-netherlands">Peter Thiel</a> and Joe Lonsdale, respectively, are backing the project, according to sources with knowledge of the deal who spoke with Business Insider. The fundraising remains in progress, and details could still change, but the size of the round and the players involved have already drawn attention across Silicon Valley.
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<h2 class="wp-block-heading">Erebor's Tolkien Name Isn't Just for Show</h2>
Erebor takes its name from J.R.R. Tolkien's "The Lord of the Rings," where the Lonely Mountain is described as a place of treasure and power, Business Insider says. That symbolism may not be coincidental, as Luckey has a track record of blending fantasy themes with serious business. His earlier startup, Anduril, shares the name of a legendary sword from the same fantasy universe.
Erebor has applied for a U.S. bank charter that would allow it to operate as a regulated institution, according to internal documents reviewed by Business Insider. The bank plans to offer crypto-collateralized loans and other services tailored to startups and digital asset companies.
Jacob Hirshman, who previously worked at stablecoin issuer Circle, and Owen Rapaport, co-founder of Aer Compliance, will lead Erebor as co-CEOs, Business Insider reports. Mike Hagedorn, the former CFO of Valley National Bank, lists his current role as Erebor president on<a href="https://www.linkedin.com/in/mikehagedorn/"> LinkedIn</a>.
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
<h2 class="wp-block-heading">Trump's Crypto Pivot Aligns With Erebor's Rise</h2>
Erebor's launch comes as the Trump administration takes a more favorable stance on the cryptocurrency sector. In recent months, President Donald Trump has <a href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/">endorsed</a> creating a strategic bitcoin reserve.
Trump also appointed venture capitalist David Sacks as the country's first crypto czar, tasking him with developing a legal framework to provide long-sought clarity for the cryptocurrency industry and leading the Presidential Council of Advisors for Science and Technology.
The venture firms funding Erebor have clear political ties to Trump. Peter Thiel donated over $1 million to pro-Trump super PACs during the 2016 election, according to <a href="https://edition.cnn.com/2022/02/09/tech/peter-thiel-facebook-exit-gop-politics">CNN</a>.&nbsp; Lonsdale, co-founder of Palantir (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), has also supported America Pac, a group that backed Trump's 2024 re-election campaign,<a href="https://www.ft.com/content/c1aeef78-590f-4f65-97ff-40f96106254a"> Financial Times</a> reported.
See Also: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
<h2 class="wp-block-heading">From Oculus to Anduril to Erebor, Palmer Luckey Keeps Building Billion-Dollar Systems</h2>
Luckey founded Oculus at age 19 and sold the VR company to Facebook, now Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), for $2 billion just two years later. Business Insider says that after leaving Meta in 2016 following controversy over a $10,000 donation to a pro-Trump meme group, Luckey co-founded Anduril, which reached a $30.5 billion valuation in June 2023 after raising $2.5 billion.
Although Meta and CEO Mark Zuckerberg denied politics played a role in Luckey's exit, Business Insider says the two have since reconnected through a military tech collaboration announced earlier this year.
Following Circle's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) recent public market debut, with shares up over 113% since listing, Erebor's launch enters a crypto sector already drawing heightened institutional interest.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

PLTR

Oculus Founder Palmer Luckey's 'Lord Of The Rings'-Inspired Digital Bank Hits $2 Billion Valuation With Backing From Founders Fund

<a href="https://www.youtube.com/watch?v=FHD1G9UkCAU">https://www.youtube.com/watch?v=FHD1G9UkCAU</a>
&nbsp;

Macro Economic Events

Politics

Economics

$USDT

HOOD

LIVE: Trump Signs The GENIUS Act Stablecoin Bill Into Law; Thanks Leaders Of Coinbase Global, Circle Internet Group, Tether, Visa, Rumble, Robinhood Markets And More Attending Signing

The total cryptocurrency market capitalization has exceeded $4 trillion, <a href="https://www.benzinga.com/markets/25/07/46411751/bitcoin-eth-xrp-solana-are-in-for-a-long-and-exhausting-bull-market-bernstein-predicts">led by strong price movements</a> in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), according to CoinGecko's 2025 Q2 report. 
What Happened: Bitcoin accounts for 59.9% of the market and Ethereum 10.8%, <a href="https://www.coingecko.com/research/publications/2025-q2-crypto-report">according</a> to the report.
XRP has also emerged as a top performer. 
The asset has surged past $3.60, lifting its market capitalization above $210 billion and positioning it as the third-largest cryptocurrency. 
On South Korea's leading exchange Upbit, XRP/KRW trading volume reached $2.2 billion in the last 24 hours, representing 33% of the platform's total volume.
This spike reflects the broader pattern of intense retail trading activity in Korea, where XRP has historically enjoyed strong investor interest due to its low unit price, high volatility, and familiarity among local traders. 
Korean markets often exhibit concentrated volume around select tokens, and XRP has consistently been one of the top-traded assets in the region. 
The recent price surge likely triggered momentum-based buying, further amplified by Upbit's KRW pairs, which offer direct fiat access, a key factor in Korea's retail-driven market structure.
&#8220;This quarter shows a market that's recovering in value but shifting in structure,&#8221; the CoinGecko report stated. &#8220;Spot volumes on centralized exchanges are down, while DEX activity continues to climb.&#8221;
Also Read: <a href="https://www.benzinga.com/crypto/25/07/46480331/the-us-just-took-a-big-step-toward-crypto-regulation-heres-what-the-clarity-act-actually-says">The US Just Took A Big Step Toward Crypto Regulation—Here&#8217;s What The Clarity Act Actually Says</a>
Why It Matters: The report highlights a 24% increase in total market value for Q2, with $663.6 billion in recovered capital bringing the market to $3.5 trillion by the end of June.
Continued price appreciation in early Q3 has now propelled the total to over $4 trillion.
"Capital flowed overwhelmingly into BTC," the report noted, "pushing its market dominance past 62%, while altcoins struggled to regain momentum." 
Despite the altcoin weakness, Ethereum was the only top-7 non-BTC asset to post a gain in dominance.
Meanwhile, decentralized exchanges posted their strongest quarter yet. 
Spot DEX trading volume grew 25.3% quarter-on-quarter to $876.3 billion, pushing the DEX-to-CEX volume ratio to an all-time high of 0.23. 
PancakeSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/cake/usd">CAKE</a>) emerged as the largest DEX, capturing 45% of Q2 trading volume after Binance Alpha began routing trades through its liquidity pools.
Perpetual trading on decentralized platforms also reached record highs. 
Hyperliquid (CRYPTO: HYPE) accounted for 72.7% of DEX perp volume, registering $653.2 billion in Q2. 
The total for all decentralized perp platforms stood at $898 billion.
Adding to market momentum was Circle's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) IPO, which was oversubscribed 25 times. 
The stock debuted at $31 and peaked at $298.99 within weeks. 
"The price action of CRCL post-IPO was extremely volatile," the report noted, but it ended the quarter as a bellwether for crypto-equity crossovers.
What&#8217;s Next: Despite the broader market rebound, centralized exchange activity lagged.
Spot trading volume across major CEXes fell by 27.7% to $3.9 trillion in Q2, with Binance remaining the top platform despite declining volumes.
&#8220;The data signals more than just recovery,&#8221; CoinGecko wrote. &#8220;It reflects a deepening shift toward decentralization in both infrastructure and trading behavior.&#8221;
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Image: Shutterstock

$CAKE

Bitcoin, Ethereum, XRP Lead Crypto Market Cap Rebound Above $4 Trillion

<a href="https://x.com/JakeSherman/status/1945571541808300035" title="https://x.com/JakeSherman/status/1945571541808300035">https://x.com/JakeSherman/status/1945571541808300035</a>

Jake Sherman Posts On X "There are now seven nos on the crypto rule. It's getting worse for @SpeakerJohnson and his leadership. Boebert. Cloud. Self. Roy. Perry. Burchett. Mtg."

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Shares of crypto-related stocks are moving higher amid ongoing volatility after the US House passed the motion to reconsider the crypto rule.

<a href="https://x.com/jakesherman/status/1945533516613062868?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg">https://x.com/jakesherman/status/1945533516613062868?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg</a>

Punchbowl News' Jake Sherman Posts On X "THE MOTION TO RECONSIDER the crypto rule has passed after a very long vote. 215-211. The hardline conservatives folded to the leadership once again on this measure."

U.S. stocks were slightly lower, with the Dow Jones index falling around 0.1% on Wednesday.
Shares of Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) rose sharply during Wednesday's session after the company <a href="https://www.benzinga.com/quote/JNJ/earnings">raised its FY2025 earnings guidance.</a>
Johnson &amp; Johnson reported a second-quarter 2025 adjusted earnings of $2.77 per share, down 1.8% year over year, beating the consensus of $2.68. The pharmaceutical giant reported sales of $23.74 billion, up 5.8% year over year and beating the consensus of $22.85 billion.
Johnson &amp; Johnson shares jumped 6.5% to $165.24 on Wednesday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>Smart Digital Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDM#NASDAQ">SDM</a>) shares jumped 37.5% to $18.82.</li>
<li>SharpLink Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) rose 25.8% to $36.44 amid continued strength after the company recently provided updates on its ETH holdings and staking protocols.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) gained 24.4% to $15.83 after the company unveiled the industry&#8217;s largest multi-chip quantum computer.</li>
<li>Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>) rose 23.5% to $1.2850.</li>
<li>SS Innovations International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSII#NASDAQ">SSII</a>) climbed 22.7% to $6.54. SS Innovations International announced it has installed over 100 SSi mantra surgical robotic systems in seven countries.</li>
<li>DeFi Development Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFDV#NASDAQ">DFDV</a>) rose 19.6% to $29.52.</li>
<li>Bitmine Immersion Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#NYSE">BMNR</a>) gained 19.4% to $47.73 after a 13G filing showed Peter Thiel–linked FF Consumer Growth disclosed a 9.1% stake in the company as of July 8, 2025.</li>
<li>Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) rose 14.7% to $224.09 following a legislative reversal in Washington. The rally ignited after President Donald Trump announced he had secured the necessary support to advance a pivotal stablecoin bill just one day after it was blocked in a procedural vote.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) gained 13.3% to $15.81.</li>
<li>Sify Technologies Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) jumped 11.8% to $5.40. Sify Technologies named JPMorgan Chase Bank as successor depositary for ADR program, effective July 23.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) gained 12% to $33.24 after Jefferies analyst Brent Thill raised the price target from $29 to $35 while maintaining a Buy rating.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) rose 10.6% to $26.95.</li>
<li>Karman Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRMN#NYSE">KRMN</a>) shares climbed 9.7% to $53.01.</li>
<li>Galaxy Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>) gained 9.6% to $22.87.</li>
<li>Brighthouse Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) rose 8.9% to $51.63 following a WSJ report suggesting Aquarian is nearing a deal for the company.</li>
<li>Victory Capital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCTR#NASDAQ">VCTR</a>) gained 7.7% to $68.61.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) rose 7% to $51.93 after Oppenheimer raised its price target on the stock from $35 to $54.</li>
<li>Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) rose 6.2% to $6.34.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/07/46440550/citigroup-analysts-boost-their-forecasts-after-upbeat-earnings">Citigroup Analysts Boost Their Forecasts After Upbeat Earnings</a></li>
</ul>
Photo via Shutterstock

Intraday Update

Brighthouse Financial, Inc. - Common Stock

DFDV

GLXY

KRMN

OPEN

RGTI

Morgan Stanley Capital-Protected Notes Based on Value of S&P 500 Index

SIFY

SMMT

SSII

VCTR

Johnson & Johnson Raises FY25 Forecast, Joins Rigetti Computing, Unity Software, Brighthouse Financial And Other Big Stocks Moving Higher On Wednesday

Press Releases

Circle and Fiserv Announce Strategic Collaboration to Power Stablecoin Payments Across Financial Ecosystems

Crypto Exchange OKX Plans U.S. IPO

Coinbase Global's Stock Hits All-Time High As Crypto Prices Rise

Circle Applies for National Trust Charter

The New York Stock Exchange Leads Globally with over $60BN in Total Capital Raised During First Half of 2025

NYSE Content Advisory: Pre-Market update + NYSE led globally in total capital raised during first half of 2025

Circle to Announce Q2 2025 Financial Results on August 12, 2025

Crypto Exchange Coinbase Global Launches New 'Everything App'

Circle Appoints Adam Selipsky to Board of Directors

Circle's USYC Now Supported as Yield-Bearing Off-Exchange Collateral for Binance's Institutional Clients

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