Search results for ClearStreet
Crypto
Money exits AI and flows into crypto stocks as miners slump alone
Funds that had crowded into artificial intelligence infrastructure stocks in the U.S. market moved into cryptocurrency-related shares, lifting the sector broadly. BitMine Immersion Technologies jumped after increasing its ethereum holdings, while Coinbase Global, BitGo and Figure Technology also rose. Strategy gained after building cash buffers, and Circle rose after buying IBM’s blockchain patent portfolio. By contrast, bitcoin mining stocks fell sharply, with analysts citing capex and funding concerns.
Crypto
Circle shaken by OpenUSD debut as Wall Street says selloff overdone
Circle shares fell sharply on worries that a new stablecoin, OpenUSD, could intensify competition, but Wall Street said the selloff looked overdone. ClearStreet said OpenUSD has partners comparable to major stablecoins but has yet to show evidence of meaningful adoption. Circle CEO Jeremy Allaire highlighted USDC\'s scale and said OpenUSD would not have that base at launch. USDC ranks second among stablecoins by market value.
Crypto
Circle shares double in a month as stablecoins emerge as hottest investment theme
Circle, a stablecoin issuer, has become one of the most watched stocks in the cryptocurrency market after its shares surged more than 100% in a month. CoinDesk reported the stock rose about 8% on Monday to $124.37, outpacing Strategy and Coinbase over the same period. The rally has drawn upbeat Wall Street calls and is being linked to demand for USDC, growth in tokenised assets, AI-driven commerce and supportive macro and regulatory signals.