$Circle (CRCL.US)$ The earnings call is slightly positive with a bright future outlook and some imminent concerns. Positive: ARC (9/16 launch) > CPN (with no timeline of profiting, though) > RLDC margin increase (needs to dig deeper) Negative: CLARITY delay > Coinbase entanglement CEO didn't answer analysts questions directly, which is expected but no satisfying. The agreement between Circle and Coinbase becomes a taboo, which is a red flag for both. While CLARITY will move forward sooner or later with bipartisan support, the relationship between Circle and Coinbase doesn't see a path to peaceful breakup without a creative win-win solution.
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