Binance purchased 1,237,011 shares of Circle's Class A stock for $100 million, about 5% below market price, becoming a shareholder. The deal, closed on September 17, replaces a previous two-year marketing agreement with a new five-year contract where Circle pays Binance fees to promote USDC. Binance cannot sell or hedge the shares for two years but retains voting rights. This move strengthens Binance's role in the USDC stablecoin ecosystem amid growing competition from rival tokens like Open USD.
Binance's recent acquisition of Circle shares in a $100 million stock sale provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Sep 22, 2026 20:04 WIB: out of 50 major cryptocurrencies priced on Pluang, 32 rose and 17 fell today. Notable movers include XNO (Nano) up 15.29% at Rp7.466 with a typical hold time of 86 days and a Pluang order activity of 85% Sell / 15% Buy, BAL (Balancer) up 11.14% at Rp16.297 with an 85-day hold time, and UNI (Uniswap) up 8.32% at Rp173.154 with a 65-day hold time and 46% Sell / 54% Buy order activity.
THOR Industries reported Q4 earnings with an EPS of $0.78, missing analyst estimates and showing a 66.9% drop from last year. Despite this, the company beat revenue expectations with $2.31 billion, though revenue declined 8.4% year-over-year due to w...
Cracker Barrel Old Country Store is set to report its Q3 2026 earnings on September 23, with analysts predicting a significant decline. Earnings per share are expected to fall to $0.17 from $0.74 last year, and revenue is forecasted around $834.57 mi...
Abivax received positive pre-NDA feedback from the U.S. FDA for its drug Obefazimod, marking a key step in its development. Despite a recent price target cut by Wedbush to $118, analysts maintain a "Moderate Buy" consensus with an average target of $...
HSBC and Wells Fargo have downgraded Netflix stock due to declining subscriber engagement and an 8% drop in viewership time. Despite a recent 2.19% stock gain, Netflix shares have fallen over 40% in the past year amid strong competition and weaker or...
A director at FormFactor sold 2,100 shares, indicating a notable insider transaction. Such sales can reflect personal financial decisions or strategic portfolio adjustments by company insiders. Investors often watch these moves for potential signals ...
