Lates News

According to the market data from Bit.com, Circle (CRCL), one of the leading stocks in the US crypto concept, dropped significantly by 17.55% on Tuesday, closing at $62.63, reaching a historical low. On the news front, the new stablecoin project Open Standard announced support from over 140 companies, including Visa, Mastercard, American Express, Stripe, BlackRock, Coinbase, Google, BNY Mellon, Standard Chartered, DBS, U.S. Bank, Shopify, DoorDash, IBM, etc., covering payment giants, traditional banks, asset management, crypto-native companies, and tech platforms. The company is launching the stablecoin Open USD, which is planned to go live later in 2026 on multiple chains such as Base (Coinbase), Solana, Stellar, Polygon, and Ripple. Furthermore, the news of CRCL being removed from the Russell indices is also causing concern. It is reported that on June 26, after the market closed, CRCL (Circle Internet Group NYSE: CRCL) was removed from various major Russell growth indices, including the Russell 1000 Growth, leading to passive funds/ETFs that track these growth indices to mechanically sell CRCL stocks.