Markets
What to know, dear reader, in this absurd financial ballet: 🎭💸
- Circle’s 3Q results leapt like a bureaucrat’s nose in a Gogol tale, surpassing all expectations! 🌟
- USDC, the stablecoin darling, struts as the frontrunner, leaving rivals in its comical dust. 👑
- William Blair whispers: “Buy on weakness, for the catalysts are as elusive as a Gogol protagonist’s sanity!” 🤪
Ah, the investment bank William Blair, with its quill dipped in sarcasm, has reiterated its outperform rating on Circle (CRCL) shares. Why? Because the stablecoin issuer’s third-quarter results were as unexpected as a ghostly coach ride in a Gogol novella. Both the bank and Wall Street were left scratching their heads-or perhaps their noses-in bewilderment. 🧐
Yet, the shares, oh fickle creatures, dipped 3.9% in pre-market trading Wednesday, lingering around $94.50. A tragicomic twist, no? 😢
Analyst Andrew Jeffrey, with a wink and a nod, declares USDC the likely stablecoin standard. Circle, he proclaims, sits at the heart of the programmable money revolution-a revolution as absurd and inevitable as a Gogol hero’s misadventures. 🌪️
But ah, the market, ever the skeptic, remains muted. Circle’s premium valuation and limited near-term catalysts are like a nose that won’t stop growing-impossible to ignore. Yet Jeffrey, ever the optimist, urges investors to seize weakness like a bureaucrat seizing a promotion. Rival stablecoins, he scoffs, shall flounder like characters in a Gogol farce, unable to match USDC’s scale and liquidity. 🤡
And what of Circle’s infrastructure initiatives? Steady progress, my dear reader, steady progress! The orchestration layer, CPN, and the layer-1 blockchain, Arc, have gained traction. Arc now boasts 100 participants, with a mainnet debut planned for 2026-a date as distant and uncertain as a Gogol character’s future. A native token, too, is in the works, adding another layer of absurdity to this financial odyssey. 🚀
Transaction volume? It rose sharply, like a nose in a cold winter wind. Trailing 12-month total payment volume (TPV) soared 101x to an annualized $3.4 billion, fueling higher fees. Circle now expects 2025 transaction revenue of $90 million-$100 million, surpassing prior guidance like a Gogol hero surpassing his own absurdity. Growth, William Blair declares, is key to scaling and diversifying revenue-a declaration as grand and comical as a Gogol finale. 🎉
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2025-11-12 16:38