💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
Circle applies to establish the first national digital currency bank, in compliance with the GENIUS Act and providing institutional asset custody services.
JPMorgan downgraded Circle to Underweight, target price $80.
JPMorgan ( analysts have downgraded Circle ) CRCL ( to "Underweight", setting a target price of $80 for December 2026. JPMorgan analyst Kenneth Worthington officially released an analysis report on Circle stock, indicating that the target price of $80 represents a decline of about 55% compared to the current CRCL stock price of $180. This target price is based on an estimated EPS ) of Circle in 2027 multiplied by 45 times, plus a potential price increase premium of $10.
Currently, Circle's valuation is $43.8 billion, while JP Morgan's estimated fair valuation is $21 billion. Analysts stated: "We believe that competition poses a potential threat to Circle." This refers not only to competitors in the stablecoin space but also to other crypto investment products, such as tokenized deposit accounts and other funds investing in the digital currency market.
Circle has applied to establish the first national digital currency bank.
At the same time, Circle also announced that it will apply to establish a trust bank named First National Digital Currency Bank, N.A. (. The company stated that it has officially submitted its application to the Office of the Comptroller of the Currency ) OCC (.
If approved, the bank will be authorized to operate as a federally regulated trust institution, under the supervision of the Office of the Comptroller of the Currency )OCC(, and will oversee the management of USDC reserves on behalf of Circle's U.S. issuer. The bank will enable Circle to meet the requirements of the GENIUS Act and provide digital asset custody services for institutional clients.
This article discusses Circle's application to establish the first national digital currency bank, meeting the requirements of the "GENIUS" Act and providing institutional asset custody services. It first appeared in Chain News ABMedia.