Circle CEO Jeremy Allaire Says Digital Asset Markets Have Continued To See Significant Weakness; Says Perpetual Futures Have Become One Of The Most Important Tradable Instruments In The World; Says The Market Has Evolved From People Buying And Selling Bitcoin Into People Trading Perpetual Futures At Global Scale

Shares of crypto-linked stocks are trading higher as Bitcoin's price rises above $80,000 as the digital token extends its rally.

Wall Street Is Now Backing the Clarity Act. Here's the Most Likely Scenario for What Happens Next With Crypto.

Goldman Sachs has joined Wall Street in backing the Digital Asset Market Clarity Act, but prediction markets suggest final passage is unlikely until mid-2027 at the earliest due to Democratic concerns about ethics provisions. The crypto industry may need to rely on regulatory support from the SEC, CFTC, and OCC if the legislation stalls. Companies with strong Wall Street relationships like Coinbase and Circle are positioned to grow regardless of the Clarity Act's passage.

Shares of crypto-linked stocks are trading higher as investors rotate into digital currencies as U.S. government spending concerns prompt debasement trade.

Wolfe Research Maintains Underperform on Circle Internet Group, Raises Price Target to $65

Wolfe Research analyst Darrin Peller maintains Circle Internet Group (NYSE:CRCL) with a Underperform and raises the price target from $50 to $65.