daz999999999
05-07 16:29
$Circle Internet Corp.(CRCL)$  

$Coinbase Global, Inc.(COIN)$  

Circle Soars Pre-Market

Circle Internet Corp.'s stock surged 6.43% during Wednesday's intraday session, continuing a strong positive trend.

The significant price movement is primarily attributed to a key legislative development. Bipartisan Senate negotiators have reached a compromise on critical stablecoin yield provisions within the U.S. CLARITY Act, resolving a major hurdle. The agreement prohibits passive yield distributions akin to deposit interest while permitting activity-based rewards tied to payments and transfers. This progress has substantially raised market expectations for the bill to advance through committee in mid-May and move toward a full Senate vote this summer.

As the issuer of the leading compliant stablecoin, USDC, Circle is positioned as a direct beneficiary of this increased regulatory clarity, which is seen as a catalyst for broader institutional adoption of digital assets.

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COIN & MSTR Earnings: Can They Benefit as Bitcoin Tops $80K?
Strategy and Coinbase would release earnings this week. Coinbase has announced its support for the Digital Asset Market Clarity Act, marking a pivotal reversal for an industry heavyweight that had previously opposed the legislation. The quarter's headline driver is the surge in spot and derivatives trading volumes fueled by Bitcoin breaking above $80,000. With a crypto bull market revival on the table, can Coinbase deliver a strong beat powered by the twin engines of trading volume growth and stablecoin expansion?
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