$Circle (CRCL.US)$
In a report released today, Darrin Peller of Wolfe Research maintained a 'Sell' rating on Circle Internet Group, Inc. Class A and set the price target at $65.00.
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According to TipRanks, Mr. Peller is a five-star analyst with an average return of 9.1% and a success rate of 61.86%. He specializes in the technology sector and focuses on stocks such as Fiserv, Affirm Holdings, and Circle Internet Group, Inc. Class A.
Currently, the analyst consensus for Circle Internet Group, Inc. Class A is 'Moderate Buy,' with an average price target of $143.0...
In a report released today, Darrin Peller of Wolfe Research maintained a 'Sell' rating on Circle Internet Group, Inc. Class A and set the price target at $65.00.
Get TipRanks Premium at 70% off
Leverage hedge-fund-level data and powerful investment tools to make smarter and more precise decisions.
Stay ahead of the market with the latest news and analysis to maximize your portfolio's potential.
According to TipRanks, Mr. Peller is a five-star analyst with an average return of 9.1% and a success rate of 61.86%. He specializes in the technology sector and focuses on stocks such as Fiserv, Affirm Holdings, and Circle Internet Group, Inc. Class A.
Currently, the analyst consensus for Circle Internet Group, Inc. Class A is 'Moderate Buy,' with an average price target of $143.0...
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$Circle (CRCL.US)$ WHOOP announced the establishment of the Massachusetts AI Consortium, which brings together leading companies, builders, and investors to drive AI innovation across the state, and has assumed the role of founding chair.
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$Circle (CRCL.US)$ 1. What is happening (Summary of key points)
• In the 'Market Structure Bill' for cryptocurrencies currently under consideration in the U.S. Congress,
👉 A new clause is being discussed that would limit the provision of 'rewards (yields)' to stablecoin holders exclusively to banks and licensed trust institutions.
This new clause is under consideration.
• **Coinbase (COIN)** strongly opposes this
👉 Suggesting they may withdraw support for the entire bill if this clause is included.
• The background includes:
• 🏦 Strong lobbying efforts by the banking industry
• 🪙 Resistance from crypto-native companies
A typical dynamic of 'vested interests vs emerging forces'.
⸻
② Why is Coinbase taking such a hard line?
● Stablecoin rewards are a "lifeline"
• One of COIN's largest revenue sources
👉 Interest income from USDC reserves
• 2025:
• Approximately $1.3 billion in stablecoin-related revenue
• Sharing with Circle (CRCL)
📉 If
• Restrictions on "rewards offered by exchanges"
• → Decrease in USDC balances
• → Interest income plummets
This directly hits the very business model of COIN.
⸻
③ Relationship with the GENIUS Act (this is important)...
• In the 'Market Structure Bill' for cryptocurrencies currently under consideration in the U.S. Congress,
👉 A new clause is being discussed that would limit the provision of 'rewards (yields)' to stablecoin holders exclusively to banks and licensed trust institutions.
This new clause is under consideration.
• **Coinbase (COIN)** strongly opposes this
👉 Suggesting they may withdraw support for the entire bill if this clause is included.
• The background includes:
• 🏦 Strong lobbying efforts by the banking industry
• 🪙 Resistance from crypto-native companies
A typical dynamic of 'vested interests vs emerging forces'.
⸻
② Why is Coinbase taking such a hard line?
● Stablecoin rewards are a "lifeline"
• One of COIN's largest revenue sources
👉 Interest income from USDC reserves
• 2025:
• Approximately $1.3 billion in stablecoin-related revenue
• Sharing with Circle (CRCL)
📉 If
• Restrictions on "rewards offered by exchanges"
• → Decrease in USDC balances
• → Interest income plummets
This directly hits the very business model of COIN.
⸻
③ Relationship with the GENIUS Act (this is important)...
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༒ཻ࿆Ꭷ࿆ 清 水༗࿐
commented on
$Circle (CRCL.US)$ Worried it might go down for a while ❣️
Coinbase (NASDAQ:COIN) has warned the U.S. Congress that if a new provision limiting the ability to offer rewards for stablecoin holdings is included, it may withdraw support for the key cryptocurrency market structure bill.
This week, the bill is scheduled to proceed to an amendment review in the Senate committee, with the proposed changes limiting stablecoin rewards to regulated banks or trust-licensed institutions.
Bloomberg reported on Monday that this move is being supported by lobbying from the banking industry and opposed by crypto-native companies.
Stablecoin rewards are a major revenue source for Coinbase, heavily reliant on interest earned from USDC (CRYPTO: USDC) reserves shared with Circle (NYSE:CRCL).
Coinbase recorded approximately $1.3 billion in stablecoin-related revenue in 2025. If regulation leads to a reduction in USDC balances on its platform, it could significantly impact revenue...
Coinbase (NASDAQ:COIN) has warned the U.S. Congress that if a new provision limiting the ability to offer rewards for stablecoin holdings is included, it may withdraw support for the key cryptocurrency market structure bill.
This week, the bill is scheduled to proceed to an amendment review in the Senate committee, with the proposed changes limiting stablecoin rewards to regulated banks or trust-licensed institutions.
Bloomberg reported on Monday that this move is being supported by lobbying from the banking industry and opposed by crypto-native companies.
Stablecoin rewards are a major revenue source for Coinbase, heavily reliant on interest earned from USDC (CRYPTO: USDC) reserves shared with Circle (NYSE:CRCL).
Coinbase recorded approximately $1.3 billion in stablecoin-related revenue in 2025. If regulation leads to a reduction in USDC balances on its platform, it could significantly impact revenue...
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A new provision is being discussed that would limit the offering of 'rewards (yields)' to stablecoin holders exclusively to banks and licensed trust institutions.
Strong lobbying efforts from the banking industry,
Resistance from cryptocurrency-native companies,
If
Yield payments by stablecoin issuers are prohibited
Rewards provided by third parties such as exchanges are permitted
$Circle (CRCL.US)$
Darrin Peller, an analyst at Wolfe ResearchCircle (CRCL.US)maintained a bearish rating on the stock while raising the price target from $60 to $65.
According to data from TipRanks, this analyst has a success rate of 61.9% and an average return of 9.1% over the past year.
Darrin Peller, an analyst at Wolfe ResearchCircle (CRCL.US)maintained a bearish rating on the stock while raising the price target from $60 to $65.
According to data from TipRanks, this analyst has a success rate of 61.9% and an average return of 9.1% over the past year.
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༒ཻ࿆Ꭷ࿆ 清 水༗࿐
reacted to
$Circle (CRCL.US)$
Understood.
We'll look at the stock price base (technical analysis) only, without emotions.
⸻
Current level
Stock price: approximately $81.8
Technically speaking, this is
👉 "A key turning point within a downtrend"
⸻
① Support (lower limit)
In order of strength
• Around $80
→ Psychological milestone + High trading volume expected
• Near $75
→ Near recent lows, breaking this level would worsen the trend
• Mid-70 dollar range
→ Final defense line (breaking this would collapse the mid-term trend)
👉
If it doesn’t clearly break below 80, it’s in a 'holding on' state
⸻
② Resistance (upper limit)
• 85 dollars
→ Initial pullback selling zone
• 90 dollars
→ Key level for trend reversal
• 95 to 100 dollars
→ Only when it goes beyond this point can we talk about 'market condition improvement'
👉
The key point is whether it can exceed 90 on a closing basis
⸻
③ Trend Judgment (Simple)
• Moving Average Line (Assumption)
• Short-term line ↓
• Mid-term line ↓
• Stock price is below the mid-term line
👉
Still in a downtrend
However,
👉 There's a possibility that the downward angle has started to moderate
⸻
④ Meaning of Trading Volume
• Increased trading volume in a downtrend
• ＝ "Throw + He...
Understood.
We'll look at the stock price base (technical analysis) only, without emotions.
⸻
Current level
Stock price: approximately $81.8
Technically speaking, this is
👉 "A key turning point within a downtrend"
⸻
① Support (lower limit)
In order of strength
• Around $80
→ Psychological milestone + High trading volume expected
• Near $75
→ Near recent lows, breaking this level would worsen the trend
• Mid-70 dollar range
→ Final defense line (breaking this would collapse the mid-term trend)
👉
If it doesn’t clearly break below 80, it’s in a 'holding on' state
⸻
② Resistance (upper limit)
• 85 dollars
→ Initial pullback selling zone
• 90 dollars
→ Key level for trend reversal
• 95 to 100 dollars
→ Only when it goes beyond this point can we talk about 'market condition improvement'
👉
The key point is whether it can exceed 90 on a closing basis
⸻
③ Trend Judgment (Simple)
• Moving Average Line (Assumption)
• Short-term line ↓
• Mid-term line ↓
• Stock price is below the mid-term line
👉
Still in a downtrend
However,
👉 There's a possibility that the downward angle has started to moderate
⸻
④ Meaning of Trading Volume
• Increased trading volume in a downtrend
• ＝ "Throw + He...
Translated
2
༒ཻ࿆Ꭷ࿆ 清 水༗࿐
reacted to
$Circle (CRCL.US)$
1. Big Picture (Conclusion First)
Short-term: Volatile but “downside is limited,” upside remains heavy
Medium-term: High volatility persists, direction yet to be determined
The reason is
• Based on trading volume, there is an overwhelming amount of PUT options (bearish hedging)
• However, outstanding positions favor CALL options (a bullish “stance” remains)
• A massive option wall exists at strike prices of 130–140
⸻
2. Trading Conditions (Flow) Analysis
● PUT / CALL Trading Ratio
• PUT: 78.97%
• CALL: 21.03%
👉
This is
“There is an extremely strong level of short-term fear and hedging.
This is a signal.
This structure is often seen especially after a sharp drop or during volatile market conditions.
⸻
● Trading Volume
• 160,600 contracts
• 162.93% of the 30-day average
👉
The event-driven attention is very high
= Triggering, unwinding, and hedging are all happening simultaneously.
⸻
③ Analysis of Open Positions (Unsettled Contracts)
● Unsettled Contracts PUT / CALL
• PUT: 41.93%
• CALL: 58.07%
👉
The “final bet” leans more toward the CALL side
This is significant,
• In the short term...
1. Big Picture (Conclusion First)
Short-term: Volatile but “downside is limited,” upside remains heavy
Medium-term: High volatility persists, direction yet to be determined
The reason is
• Based on trading volume, there is an overwhelming amount of PUT options (bearish hedging)
• However, outstanding positions favor CALL options (a bullish “stance” remains)
• A massive option wall exists at strike prices of 130–140
⸻
2. Trading Conditions (Flow) Analysis
● PUT / CALL Trading Ratio
• PUT: 78.97%
• CALL: 21.03%
👉
This is
“There is an extremely strong level of short-term fear and hedging.
This is a signal.
This structure is often seen especially after a sharp drop or during volatile market conditions.
⸻
● Trading Volume
• 160,600 contracts
• 162.93% of the 30-day average
👉
The event-driven attention is very high
= Triggering, unwinding, and hedging are all happening simultaneously.
⸻
③ Analysis of Open Positions (Unsettled Contracts)
● Unsettled Contracts PUT / CALL
• PUT: 41.93%
• CALL: 58.07%
👉
The “final bet” leans more toward the CALL side
This is significant,
• In the short term...
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Expand 2
$Circle (CRCL.US)$
Darrin Peller, an analyst at Wolfe Research, maintained a bearish rating on $Circle (CRCL.US)$ while raising the price target from $60 to $65.
According to data from TipRanks, this analyst has a success rate of 61.9% and an average return of 9.1% over the past year.
Darrin Peller, an analyst at Wolfe Research, maintained a bearish rating on $Circle (CRCL.US)$ while raising the price target from $60 to $65.
According to data from TipRanks, this analyst has a success rate of 61.9% and an average return of 9.1% over the past year.
Translated
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