On March 17th, Circle's stock price rose 9.06%, with a continued increase of nearly 3% during the evening session, driving the Hyperliquid platform's CRCL contract gains to expand to 10%, with the current price at $129. The largest long whale has unrealized profits of $1.1 million, with a return rate of 67.8%.

On March 17, U.S. stock market close: Dow Jones up 0.8%, S&P 500 up 1%, Nasdaq up 1.2%. Crypto sector broadly gained, Bitmine up 13.88%, Circle up 9.06%, SharpLink Gaming up 8.9%, Bullish up 8.19%, Strategy up 5.62%, a certain CEX up 3.98%.

Gate News reported that on March 16, independent analyst Markus Thielen released a chart report indicating that Circle (CRCL) has accumulated gains of nearly 100% in less than three weeks since February 25, with the stock price gradually approaching resistance levels. The analyst stated that current technical indicators continue to improve, liquidation pressure remains relatively controllable, and sentiment indicators have shown significant improvement, but trading volume remains low. The analyst reminds investors to exercise caution with one-sided bearish positions during thin market conditions.

Delphi Digital analysis points out that although Tether and Circle's stablecoins are backed by short-term Treasury bills and cash equivalents, they are not completely safe and still face bank run risks. The USDC depegging event in early 2023 demonstrated that stablecoin risks have shifted to issuers, highlighting the dangers posed by their centralization.

Gate News, on March 16, rwa.xyz data shows that Circle's tokenized money market fund USYC reached a total market value of 2.2 billion dollars, growing 41.16% over the past 30 days. With a 19.88% market share, USYC has become the world's largest tokenized US Treasury fund.

Circle CEO Jeremy Allaire stated that stablecoin regulatory frameworks in the United States, Japan, Hong Kong, and Europe are accelerating in implementation, presenting important opportunities for compliant stablecoins. At the same time, Circle is building infrastructure for developers, with plans to transform internet finance platforms into global monetary public infrastructure over the next decade.

Circle CEO Jeremy Allaire pointed out in the program that artificial intelligence will significantly impact the labor market, with a large number of positions facing replacement risks. At the same time, he warned that quantum computing may threaten existing cryptographic systems. Circle is developing quantum-resistant technology and plans to achieve quantum defense capabilities between 2026 and 2027.

Gate News reported that on March 15, according to Circle's official website data, during the week ending March 12 local time, USDC issued approximately 5.2 billion tokens and redeemed approximately 3.6 billion tokens, with a net increase in circulation of approximately 1.7 billion tokens. As of March 13 local time, the total circulating supply of USDC was approximately 78.7 billion tokens, with reserve assets valued at approximately $78.9 billion.

Gate News, on March 15th, according to the latest data from rwa.xyz, Circle's tokenized US Treasury fund USYC surged over 41% within this month, with its total value breaking through 2.2 billion dollars, successfully surpassing BlackRock's BUIDL fund to become the world's largest tokenized US Treasury product.

Gate News reports that on March 15, according to data from Circle's official website, during the week ending March 12, USDC issued approximately 5.2 billion tokens and redeemed approximately 3.6 billion tokens, with circulating supply increasing by approximately 1.7 billion tokens. As of March 13, USDC's total circulating supply was approximately 78.7 billion tokens, with reserve assets valued at approximately $78.9 billion.