Fed Chair Jerome Powell testifies before the The Senate Banking, Housing, and Urban Affairs Committee on “The Semiannual Monetary Policy Report to the Congress.” ...

Group 1: Company Overview - Circle Internet Group has seen significant stock performance, with a 290% increase since its IPO on June 5, where it priced shares at $31 and opened at $69, reaching $270 [1] - The company is known for its stablecoin USDC, which is the second-largest stablecoin by market value, and also issues EURC, both backed by fiat-denominated reserve assets [3][4] Group 2: Financial Performance - Circle's revenue increased by 59% to $579 million in the first quarter, driven by a rise in circulating USDC, despite a decrease in reserve return rates [6] - Adjusted EBITDA rose 60% to $122 million in the same period [6] Group 3: Regulatory Environment - Stablecoins are gaining traction with regulators, with the EU's MiCA framework establishing obligations for stablecoin issuers, and Circle's USDC being the only top-10 stablecoin compliant with these regulations [7][8] - The U.S. Senate approved the GENIUS Act, which aims to protect consumers and impose rules on stablecoin issuers, including full reserve backing and monthly disclosures [9] Group 4: Market Potential - The stablecoin market is projected to grow significantly, potentially reaching $2 trillion, with estimates suggesting a rise from $260 billion to $500 billion by the end of 2026 [10] - Long-term annual revenue growth for Circle is estimated at 25% to 30%, bolstered by the launch of the Circle Payments Network [11] Group 5: Valuation - Circle's revenue over the trailing 12 months totaled $1.9 billion, with a market capitalization of $57 billion, resulting in a price-to-sales multiple of 30, which is considered expensive [12] - Analyst Jeff Cantwell has set a target price of $235 per share, indicating a potential downside from the current price of $270 [13]

Core Viewpoint - Guotai Junan International has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services, allowing clients to trade cryptocurrencies and stablecoins directly on its platform [1][5]. Company Summary - Guotai Junan International is now the first Chinese broker in Hong Kong to offer comprehensive virtual asset trading services, including trading, advisory, and issuance of related products [5]. - Following the announcement, Guotai Junan International's stock surged over 60%, with an intraday increase exceeding 100% [1][5]. Industry Summary - The approval for virtual asset trading is expected to significantly enhance the valuation of financial companies involved in stablecoins, as seen with Everbright Holdings, which saw a stock price increase of over 50% due to rumors of its stake in Circle [4][5]. - Stablecoins are anticipated to transform the role of brokerages from mere transaction facilitators to asset securitization engines and cross-border clearing hubs, which could positively impact their valuations [4][6]. - The current stablecoin market is valued at approximately $220 billion, with projections suggesting it could grow eightfold to $2 trillion in the next three years, potentially influencing the short-term treasury market significantly [8].

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer.Other people make friends. Hey, look. I'm just trying to make you a little money.My job not just to entertain, but to educate, to teach you. So call me at 1800 743 CBC. Tweet me at Jim Kramer.Maybe it was all a dream or more pointedly a nightmare. I'm talking about the Chinese artificial intelligence breakthrough known as Deepseek. Remember that.which caused Wall Street to turn its back on the AI data center cohort. Earlier this year, we were told tha ...

The gentleman from Wisconsin, Mr. . Style, who's also the chair of our subcommittee on digital assets, financial technology, and artificial intelligence. You're recognized for five minutes.Thank you, Chairman Hill. Thank you, Chairman Powell, for being with us today. I want to dive into two actions the Fed's recently taken uh to get a little additional color on.Yesterday, uh the Fed announced uh that reputational risk would no longer be a component in bank exams. Uh I viewed that positively. I viewed u the ...

The Stablecoin King SpeaksTether’s $156B lead makes it the clear #1. But with Circle’s stock hitting $60B post-IPO and the GENIUS Act progressing in Congress, the spotlight on stablecoins has never been brighter.We sat down with Tether CEO @paoloardoino to unpack what’s coming next.👇~~ Interview recap by @wmpeaster ~~1️⃣ Massive ProfitsAccording to Ardoino, Tether made a whopping $13.7 billion in profits last year.That places Tether among the most profitable companies in the world, outperforming TradFi gian ...

Regulatory Framework - A new crypto bill framework is introduced by Banking Chairman Tim Scott and Senator Cynthia Lumis, aiming to provide regulatory clarity for crypto and digital assets [2] - The framework includes defining digital assets and determining whether they should be regulated as securities or commodities [2] - The bill framework commits to reducing regulation while addressing money laundering and sanctions evasion [3] - Senator Lumis urges the bill's passage before year-end, highlighting the US's need to catch up with the EU and Singapore in establishing clear crypto regulations [3] Legislative Progress - The Senate passed a stablecoin bill with strong bipartisan support [4] - Trump is urging the House to promptly pass the stablecoin bill without delays or add-ons [4] - Chairman French Hill wants the House to move on both the stablecoin bill and the market structure bill together before the end of August [5]

Group 1 - Digital Asset has raised $135 million in funding from major financial institutions, indicating a growing interest in the cryptocurrency sector [1] - The funding round was co-led by DRW and Tradeweb, with participation from Goldman Sachs, BNP Paribas, and Citadel Securities [1] - This investment reflects how large financial institutions are increasingly integrating into the cryptocurrency market, which was previously viewed as risky and unregulated [1] Group 2 - Digital assets have transitioned from being associated with fraud and illicit activities to becoming a more mainstream asset class, with significant players like JPMorgan Chase and Goldman Sachs entering the space [2] - JPMorgan recently launched its own stablecoin, named "JPMD," further demonstrating the bank's commitment to digital assets [2]

Group 1 - The company has a leading position in distributed architecture platform construction, core system construction, channel management construction, open banking construction, and middle platform construction for data, business, and payment [1] - The company possesses technical capabilities related to RWA (Real World Assets) [1] - The company is optimistic about the future prospects of stablecoins and plans to actively engage in the stablecoin sector [1]

Today, payments giant Viserve launches its own stable coin. Anthony Pompiano plans to take a Bitcoin treasury public by a spa. And Pete Narian of RW3 Ventures breaks down the crypto market's reaction to the US strikes on Iran.Welcome to CNBC's Crypto World. I'm Mackenzie Seagalos. Digital currencies are recovering from a weekend selloff driven by those US strikes on Iran.Now, Bitcoin fell to $98,000 after President Trump announced the targeted strikes on Iranian nuclear sites Saturday, but as of noon Easter ...