Circle dropped 20%. The market got it wrong.
from Token Metrics Daily Pulse Hosted by Token Metrics
Circle stock plunged 20% in a single day. The Clarity Act spooked investors. But Bernstein says they read it backwards. BTC ETFs pulled in $2.5B this month. Someone's panicking. Someone else is buying. Today's key developments: • Circle stock cratered 20% after the Clarity Act draft banned stablecoin yield-sharing. Then Bernstein dropped a note saying the market got it completely backwards. • Bitcoin ETFs pulled in $2.5 billion in a single month, nearly erasing their year-to-date outflow losses despite a significant price drawdown. • Monument Bank is tokenizing £250 million in retail deposits in what's being called a UK first. The deposits stay interest-bearing, fully backed, and FSCS-protected. 📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/new-post-e37b?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcast 🔔 Subscribe for daily crypto market updates! ⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research. #crypto #bitcoin #ethereum #dailypulse #tokenmetrics Sign up for the Daily Pulse at tokenmetrics.com
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