TechFlow News, February 21: Cryptocurrency research firm 10x Research posted on X stating that crypto-related stocks have recently shown divergent performance. Among them, Circle (CRCL) has seen its share price rise above both its 7-day and 30-day moving averages, signaling bullish momentum on the technical chart, with a weekly gain of approximately 3.6%.
Fundamentally, Circle has entered a strategic partnership with Polymarket, which will adopt native USDC as its primary settlement asset—further expanding USDC’s usage in prediction markets. On the institutional front, ARK Invest, led by Cathie Wood, purchased an additional 218,000 CRCL shares—valued at roughly $13 million—during the market correction, indicating growing institutional confidence. Analysts believe that under the GENIUS Act framework—which aims to channel digital dollar reserves more directly into the U.S. Treasury market—Circle stands to become a primary beneficiary.
