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Quick Take Mizuho Securities equities researchers say Circle’s stock faces medium-term risks from slower-than-expected USDC growth, rising distribution costs, and a potential Fed rate cut. The analysts give a base case for CRCL of $84 and bear case of $40 through 2027, down from Wednesday’s closing price of $153.16 a day after the firm filed its quarterly earnings.
Quick Take Multiple forces are driving ETH’s rally toward its all-time high, including record spot ETF inflows, new U.S. policy moves, and growing corporate treasury diversification into ETH. Analysts and industry leaders see further upside, with Standard Chartered raising its year-end target to $7,500 and some predicting $6,000 in the near term — though profit-taking near record levels is possible.
Quick Take A wallet that previously dealt with the Ethereum Foundation has sold roughly 2,795 ETH worth $12.7 million amid the second-largest cryptocurrency’s move toward all-time highs. Solana surged 15% in 24 hours to reclaim the $200 level on Wednesday morning as optimism spreads across the altcoin space.
Monero has experienced 36 hours without selfish mining attacks following Qubic pool’s August 12 incident that caused a six-block reorganization. The event was incorrectly labeled a 51% attack, though Qubic controlled approximately 36% of network hashrate.
- 20:13All three major U.S. stock indexes fall, NetEase drops over 4%ChainCatcher news, according to Golden Ten Data, U.S. stocks closed lower on Wednesday, with the Dow Jones Industrial Average preliminarily down 0.7%, the S&P 500 Index down 0.5%, and the Nasdaq down 0.93%. Apple (AAPL.O) fell more than 1%, AMD (AMD.O) dropped 3.2%, and Google A (GOOGL.O) rose 0.4%. The Nasdaq Golden Dragon China Index closed down 0.92%, with Kingsoft Cloud (KC.O) and NetEase (NTES.O) both falling more than 4%.
- 20:13The Dow Jones Index closed down 334.33 points, with the S&P 500 and Nasdaq also declining.According to ChainCatcher, citing Golden Ten Data, the Dow Jones Industrial Average closed down 334.33 points, or 0.71%, at 46,590.41 points on Wednesday, October 22. The S&P 500 Index closed down 35.93 points, or 0.53%, at 6,699.42 points. The Nasdaq Composite Index closed down 213.27 points, or 0.93%, at 22,740.4 points.
- 20:11All three major U.S. stock indexes closed lower.Jinse Finance reported that the three major U.S. stock indexes all closed lower, with the Nasdaq down 0.93%, the Dow Jones down 0.71%, and the S&P 500 down 0.53%. Most large technology stocks declined, with Netflix down over 10%, Intel down over 3%, Amazon and Apple down over 1%, and Nvidia and Tesla posting slight declines; Microsoft, Google, and Meta saw slight increases.