Circle Stock Pops 10% as Big Money Backs Arc Network
Circle stock surged early Wednesday after beating profit expectations and landing Wall Street support for its Arc network.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Circle stock rose 10% in pre-market trading following its financial update.
- Better-than-expected earnings helped offset a miss on total quarterly revenue.
- Wall Street institutions are embracing Circle's Layer 1 blockchain, Arc.
Circle stock jumped 10% in pre-market action Wednesday. A missed revenue target didn't stop the rally—traders cared way more about a clean profit beat and fresh institutional muscle behind Arc, Circle's Layer 1 blockchain.
Wall Street bought the bottom-line surprise. Top-line revenue fell short of estimates, sure. But solid earnings gave investors all the excuse they needed to pile in early.
Wall Street Signals Support for Arc
The quarterly report put Arc center stage. Circle revealed that major institutions are signing on to support the Layer 1 network, hitting a key milestone for its dedicated blockchain tech.
Why it matters
Traditional finance wants the pipes, not just the tokens. Wall Street backing Arc means big players are prepping to shift actual settlement volume on-chain. If Circle hooks these institutional players, it grabs a massive lead over rival issuers fighting for enterprise volume.
Source: CoinDesk
Top Crypto Casinos Right Now
🇦🇺 Showing sites that accept players from Australia Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
More info Less info
Why we chose it: One of the widest crypto line-ups of any book we list - seven coins with fast payouts - aimed squarely at Asia and Latin America rather than the US or Western Europe.
- Licence
- Curacao
Restricted countries: Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia and 21 more.
More info Less info
Why we chose it: Built for American bettors, priced accordingly. Biggest welcome bonus of the five, attached to the heaviest rollover of the five.
- Online since
- 1994
- Licence
- Curaçao
- Payout time
- 24–48 hours (crypto)
- Wagering
- 18x sportsbook / 30x casino
- KYC
- Required
Restricted countries: Belgium, Costa Rica, Croatia, Curaçao, Aruba, Sint Maarten, Caribbean Netherlands, France and 11 more.
Alex Rivera
Alex covers crypto markets and trading, testing every platform hands-on before writing about it.
