10x Research: Circle Receives Multiple Positive Catalysts, Fundamental and Institutional Factors Drive Stock Price Higher

Odaily News 10x Research posted on X platform, stating that Circle's (CRCL) stock price has risen against the trend over the past week, moving above its 7-day and 30-day moving averages. On the institutional front, Cathie Wood's ARK Invest increased its holdings of CRCL by 218,000 shares during the market correction, indicating growing institutional confidence. Additionally, Circle has entered into a strategic partnership with Polymarket, which will adopt native USDC as its primary settlement asset, further expanding USDC's usage scale in prediction markets. Analysis suggests that the GENIUS Act framework could facilitate more direct inflows of digital dollar reserves into the U.S. Treasury market, a trend in which Circle could become a primary beneficiary.