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Time of India
12-08-2025
- Business
- Time of India
Circle stock soars 14% as Q2 revenue smashes Wall Street expectations after going public for the first time
Circle Internet Group Inc. (NYSE: CRCL) delivered a blockbuster debut earnings report on Tuesday, sending its shares surging as much as 14% in early trading after revenue and stablecoin growth easily topped Wall Street forecasts. The results mark the first time the stablecoin giant has reported as a public company following its June IPO — one of the most closely watched tech listings of the year — and investors appear convinced that Circle is setting the pace for the digital payments sector. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program What drove Circle's stunning post-IPO earnings beat? Circle reported second-quarter revenue of $658 million , a 53% jump from a year earlier and well above the $646 million analysts were expecting, according to LSEG data. Adjusted EBITDA climbed 52% to $126 million , also surpassing consensus estimates. ALSO READ: XRP price prediction: slipping nearly 8% in four days — is this sharp dip the calm before a $12.60 storm after the SEC win? The company credited the surge to explosive growth in the circulation of USD Coin (USDC), its flagship dollar-backed stablecoin, which rose 90% year-over-year to $61.3 billion at the end of Q2 and has since swelled to $65.2 billion as of August 10. Live Events How is USDC reshaping Circle's market position? USDC's rapid adoption has become the centerpiece of Circle's growth strategy. The stablecoin is now widely used across crypto exchanges, fintech platforms, and global payment providers — a trend fueled in part by new regulatory clarity in the U.S. Passage of the Genius Act , which sets guardrails for stablecoin issuance, has given Circle and its competitors firmer legal footing. 'We believe the Genius Act represents a watershed moment for digital dollar adoption,' CEO Jeremy Allaire said in a statement. 'It allows us to expand globally with confidence while ensuring the highest standards of trust and compliance.' Why did Circle still post a massive net loss? Despite its strong top-line performance, Circle reported a net loss of $482 million for the quarter. The red ink was driven largely by one-off items tied to its IPO: $424 million in stock-based compensation and a $167 million loss linked to convertible debt valuation adjustments. Excluding those charges, Circle said it remains on a 'clear path to sustained profitability' as operational margins improve and transaction volumes climb. How did investors react to the earnings surprise? Shares of Circle jumped sharply at the opening bell, trading between 6% and 14% higher during the session. The rally adds to what has already been a remarkable run — CRCL stock has climbed more than 450% since its IPO, placing it among the best-performing new listings of 2025. Market analysts say the earnings beat, coupled with Circle's accelerating role in the payments ecosystem, is fueling speculative momentum. 'Circle is positioning itself not just as a crypto player, but as an infrastructure backbone for the future of money,' said Dan Ives, senior equity analyst at Wedbush Securities. What's next for Circle in the stablecoin race? The company is pushing deeper into financial infrastructure with the planned launch of Arc , a proprietary Layer-1 blockchain aimed at supporting large-scale payments and settlements. Public testing is expected to begin this fall. Circle is also rolling out its Circle Payments Network and expanding partnerships with major players such as Binance, FIS, Corpay, and OKX — moves designed to cement its dominance as stablecoins enter the mainstream. For now, the market's verdict is clear: Circle's first act as a public company has exceeded expectations, setting a high bar for the quarters ahead. FAQs: Q1. Why did Circle stock jump after Q2 earnings? Circle stock climbed sharply because its first earnings as a public company easily beat Wall Street's revenue estimates, driven by strong USD Coin (USDC) growth and expanding market adoption, even though it reported IPO-related losses. Q2. How much has USDC circulation grown? USDC circulation has surged 90% year-over-year, reaching $65.2 billion, reflecting growing global demand for stablecoins and Circle's expanding role in the digital payments space.
Express Tribune
01-07-2025
- Business
- Express Tribune
Gold up Rs6,600 on global jitters
Listen to article Gold prices in Pakistan extended their upward march on Tuesday, mirroring a strong rally in the international market, where the precious metal climbed over 1% amid a weaker US dollar and renewed economic uncertainty. International markets responded to rising investor caution ahead of US President Donald Trump's July 9 deadline for the possible reinstatement of higher trade tariffs, a move that has injected volatility and boosted demand for safe-haven assets like gold. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold in the local market surged Rs6,600 per tola, settling at Rs356,800. Similarly, the price of 10 grams of gold rose Rs5,658 to Rs305,898. The previous day, gold had also posted gains, with the price per tola increasing by Rs800 to reach Rs350,200. Traders attribute the sharp price increase to both global cues and persistent currency depreciation, which continue to drive domestic gold prices upwards. Interactive Commodities Director Adnan Agar noted that gold prices edged higher amid renewed geopolitical and economic jitters, largely triggered by Trump's latest remarks on trade tariffs. "Gold has moved up slightly," Agar observed, "mainly because Trump resumed his aggressive rhetoric around tariffs. Since yesterday (Monday), prices have increased by around $70 to $80, with the metal trading near $3,350 and having touched the high of $3,357." He also pointed to fresh tensions between Trump and Tesla CEO Elon Musk, suggesting that their escalating public spat may be contributing to market unease and further supporting gold's safe-haven appeal. "Their ongoing confrontation has added to the uncertainty, which in turn is pushing investors towards gold," Agar said, linking the rise in bullion to heightened volatility in US political and business circles. Gold delivered robust gains in the first half of 2025, particularly in US dollar terms, sparked primarily by the weakening of the greenback, according to Ole Hansen, Head of Commodity Strategy at Saxo Bank. Citing Bloomberg and Saxo data, Hansen noted that while dollar-based investors enjoyed strong returns – 25.9% – those holding other currencies, especially in Europe, saw much lower gains. Gold priced in Indian rupees topped the chart with a 26% rise, followed by the Chinese yuan (22.8%), Canadian dollar (19.1%) and Australian dollar (18.4%). In contrast, returns in the euro and Swiss franc stood at just 10.5% and 10%, respectively, reflecting how stronger local currencies dampened gold's performance for un-hedged investors. This disparity underscores the impact of currency dynamics, policy shifts and inflation expectations on commodity returns.
Express Tribune
01-07-2025
- Business
- Express Tribune
Gold witnesses upward trend in local and international markets
Listen to article In the international market, the price of gold rose by $66 to $3,348 per ounce, while silver gained $0.52, reaching $35.50 per ounce. In local markets the price of 24 karat gold surged by Rs6,600 to reach Rs356,800 per tola, up from Rs350,200 on the previous trading day, according to the All Pakistan Sarafa Gems and Jewellers Association. The price of 10 grams of 24 karat gold also rose by Rs5,658, reaching Rs305,898 from Rs300,240. Meanwhile, 10 grams of 22 karat gold was priced at Rs280,416, increasing by Rs5,186 from Rs275,230. Silver rates also edged higher, with per tola silver climbing Rs52 to Rs3,834, and 10 grams silver increasing Rs45 to Rs3,287. On Monday, the price of 24-karat gold rose by Rs800 per tola, reaching Rs350,200. Similarly, the 10-gram gold rate climbed by Rs686, settling at Rs300,240.
Express Tribune
24-05-2025
- Business
- Express Tribune
Gold prices rise in Pakistan amid global market surge
Gold prices in Pakistan increased on Saturday in line with an upward trend in the international market. In the local market, the price of gold per tola rose to Rs354,100, reflecting a gain of Rs3,100 during the day. Similarly, the price of 10-gram gold increased by Rs2,658, reaching Rs303,583, according to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This local surge followed a strong recovery in the global bullion market on Friday, where international gold prices experienced a sharp rise, surpassing $3,300 per ounce once again, according to traders. The global market regained substantial ground, with gold prices rising by $35 to settle at $3,326 per ounce. This increase led to a corresponding hike in local gold rates by Rs3,500 per tola and Rs3,000 per 10 grams. As a result, the value of gold in Pakistan climbed to Rs351,000 per tola and Rs300,925 per 10 grams, as reported by the All Pakistan Sarafa Gems and Jewellers Association.
New Straits Times
14-05-2025
- New Straits Times
Police seize over RM158,000 in drugs, arrest 2 men
BUKIT MERTAJAM: Police have dismantled a drug distribution syndicate by seizing 51,180g of cannabis, valued at RM158,658, along with two local men in Perai last Saturday. Seberang Prai Tengah police chief Assistant Commissioner Helmi Aris said that, acting on information and intelligence, a team from the Bukit Aman Narcotics Crime Investigation Department (JSJN) apprehended a car carrying two men, aged 45 and 59. "Upon inspecting the vehicle, police found 50 packets of compressed plastic wrap containing dry leaves suspected to be cannabis, weighing 51,180g, with a street value of RM158,658. "This amount is sufficient for 102,360 drug users," he said in a statement this evening. Helmi said that urine tests found both suspects negative for drugs but each had a criminal record related to drugs and crime. He also said that the police seized two cars worth RM81,000 believed to have been purchased from the proceeds of drug sales. "Both men will be remanded for seven days, until May 17, to assist investigations and the case is being investigated under Section 39B of the Dangerous Drugs Act 1952. – BERNAMA
