Key highlights: Circle stock dropped 17% after losing its place in five major Russell Growth Indexes Index-tracking funds may also be forced to sell CRCL shares A new stablecoin project backed by 140 companies has also added to the pressure The index removal may continue to create short-term selling pressure as funds rebalance their portfolios. […]
Tag: CRCL
By Jordan Lyanchev The company behind the second-largest stablecoin by market cap has successfully raised $222 million in the presale of a token tied to its new blockchain called Arc. The fully diluted valuation has risen to $3 billion, while company CEO Jeremy Allaire hinted that the firm will also enter into the “apps business.” […]
By Vuk Martin Grayscale Investments has been a huge player in crypto asset management for a while, overseeing tens of billions of dollars across its suite of trusts and ETFs. But it’s on the verge of a new chapter: in July 2025, Grayscale confidentially submitted an IPO filing to the U.S. Securities and Exchange Commission […]