Movement Alert｜Circle Internet Corp. Rises 5.25% in Pre-Market Trading, Crypto Sector Rebounds as Bitcoin Shows Resilience and SEC Grants Tokenized Stock Exemption

Market Focus09-21 17:28

On September 21, Circle Internet Corp. rose 5.25% in pre-market trading, trading at $96.89/share, with turnover of approximately $24.88 million. The pre-market advance comes amid a broader crypto sector rebound driven by Bitcoin's unexpected resilience following the CLARITY Act's Senate rejection and a Fed rate hike, coupled with a landmark SEC regulatory development.

The U.S. Securities and Exchange Commission announced a temporary, conditional innovation exemption allowing eligible crypto platforms to facilitate on-chain trading of tokenized U.S. National Market System stocks through permissioned automated market makers and liquidity pools. This move marks a significant step toward integrating traditional equity markets with blockchain infrastructure, directly benefiting crypto infrastructure firms like Circle. Within the Application Software sector, Strategy led gains at 7.27%, while Palantir Technologies rose 0.53%.

Despite the CLARITY Act failing its procedural vote (49-50) on September 15, triggering initial selloffs of over 10% in both Circle and Coinbase, markets have since recovered sharply. Bitcoin rebounded to $80,000 by September 18, demonstrating resilience. Circle's recent Arc Layer 1 mainnet launch — attracting BlackRock, Visa, Mastercard, and ICE as validators — and the $400 million Tazapay acquisition continue to strengthen its long-term positioning in global payments infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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