10x Research: Circle Benefits from Multiple Positive Factors, Fundamentals and Institutional Support Drive Stock Price Higher

According to Odaily, 10x Research posted on X that the stock price of a certain exchange (CRCL) has risen against the trend over the past week, standing above the 7-day and 30-day moving averages. On the institutional side, Cathie Wood’s ARK Invest increased its holdings by 218,000 shares of CRCL during the market correction, indicating growing institutional confidence. In addition, the exchange has reached a strategic partnership with Polymarket, with the latter adopting native USDC as its primary settlement asset, further expanding the use of USDC in the prediction market. Analysts believe that the GENIUS Act legislative framework could facilitate a more direct inflow of digital dollar reserves into the US Treasury market, making the exchange a potential major beneficiary under this trend.