Circle Stock Rebounds to $110 After 22% Drop as Ark Invest Buys In and Visa Joins Canton Network
Circle’s shares rebounded to $110 after dipping to $102.50, cutting a 22% weekly loss as Ark Invest acquired 161,000 shares for $16.5 million and Clear Street held a $152 price target. Visa joined as a super validator on the Canton Network alongside Circle, enabling privacy-preserving tokenized asset settlement for institutions.
1. Stock Selloff and Rebound
Circle’s stock fell 22% over the prior week, touching as low as $102.50 following proposed Clarity Act restrictions on stablecoin yields, before rallying to $110 during the latest trading session.
2. Ark Invest Buying and Clear Street Outlook
Ark Invest purchased 161,000 Circle shares valued at $16.5 million, while Clear Street reaffirmed its Buy rating and $152 price target, highlighting long-term demand drivers like tokenization, AI-native payments, prediction markets and regulated payment rails.
3. Visa Super Validator for Canton Network
Visa became one of 42 super validators on the Canton Network, the privacy-preserving blockchain platform backed by Circle, enabling institutions to issue and settle tokenized assets while maintaining compliance and confidentiality.