Citi Upgrades Galaxy, Gemini, Names Circle, Bullish as Top Crypto Picks

Shares of crypto-linked companies are trading higher amid a rise in Bitcoin.

Wells Fargo Maintains Equal-Weight on Bullish, Lowers Price Target to $35

Wells Fargo analyst Daniel Welden maintains Bullish (NYSE:BLSH) with a Equal-Weight and lowers the price target from $38 to $35.

Bullish Reports September Total Trading Volume $48.6B, Down From $48.8B YoY

Nasdaq's CEO Says Tokenized Money Is the Key to Unlocking Tens of Billions in Trapped Capital. Here's What That Means for Crypto Investors.

Nasdaq CEO Adena Friedman believes tokenized money (stablecoins) is essential for enabling 24/7 trading and unlocking tens of billions in trapped bank capital. Starting December 6, Nasdaq will trade U.S. stocks 23 hours a day, five days a week. The strategy involves first tokenizing money, then tokenizing collateral and assets. However, Wall Street is expected to adopt crypto tools selectively rather than wholesale, with the biggest beneficiaries being infrastructure operators like Circle, Visa, and Nasdaq itself rather than crypto tokens.

Proof and Circle Show How AI Agents Can Prove Who They Act For and Pay in USDC

Proof and Circle announced a collaboration demonstrating how verified identity and machine-native payments can work together for AI agent transactions. At Money20/20, they will showcase a demo where an AI agent presents a verified Proof credential via x401 protocol and pays in USDC through a Circle Agent Wallet via x402 protocol, solving the problem of merchants being unable to verify who authorized agent transactions.

Shares of crypto-linked companies are trading lower as Bitcoin prices decline following the latest inflation data. Stronger-than-expected inflation has fueled expectations for tighter Federal Reserve policy, while rising Treasury yields and a stronger dollar are dampening risk appetite and weighing on speculative assets.