BBX: Circle USDC on-chain trading volume up 263%, SUI Group full staking triggers SUI to rise by 37%

BBX News, Circle Q1 revenue $694 million (+20%), USDC on-chain $21.5 trillion (+263%), ARC token $222 million pre-sale completed ($3 billion valuation); SUIG fully staked 108.7 million SUI (2.7% of circulating supply), triggering SUI weekly +37%, Q1 adjusted revenue $1.4 million, non-cash loss $71 million. Key points: —Circle (NYSE: CRCL): Q1 revenue $694 million (+20%), EPS $0.21 (beat expectations), EBITDA $151 million (+24%); USDC $77 billion (+28%), on-chain $21.5 trillion (+263%), 63% market share; reserve yield 3.5% (-0.66ppt), reserve income accounts for 94%; ARC pre-sale $222 million completed. —SUI Group (NASDAQ: SUIG): 108.7 million SUI fully staked (2.7% of circulating supply, about $143 million), daily production 5,200 SUI, annualized 1.8%; triggering SUI weekly +37%; Q1 adjusted revenue $1.4 million, non-cash loss $71 million; Galaxy Digital custodian. Source: bbx.com