Circle stock sinks 10% amid analyst downgrade, Drift Protocol probe

Circle stock sinks 10% amid analyst downgrade, Drift Protocol probe

0.42%TRX$0.3197 0.56%BCH$444 0.16%DOGE$0.09388 0.39%XLM$0.1564 1.42%ETH$2,212 0.05%BNB$607.05 0.10%SOL$84.31 1.16%HYPE$39.95 1.15%XMR$344.67 4.07%XRP$1.35 0.30%ADA$0.2562 0.91%BTC$72,334 1.14%USD Written by Sam Bourgi,Staff EditorReviewed by Robert Lakin,Staff EditorCircle stock sinks 10% amid analyst downgrade, Drift Protocol probe55 minutes agoThe stablecoin issuer faces pressure after a stock downgrade and Drift Protocol exploit fallout, raising concerns over USDC exposure, crypto regulation and market risk. Shares of stablecoin issuer Circle Internet Group fell sharply Thursday following a Wall Street downgrade and reports tied to a legal probe connected to a recent crypto exploit. Circle’s stock price closed near session lows in Nasdaq trading, falling 9.9% to $85.10. The decline adds to a broader slide in the company’s shares, which are down nearly 24% over the past month and about

Source: https://cointelegraph.com/news/circle-stock-downgrade-drift-exploit-impact?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound