BIT: Circle Stock Price Drops 28%, Valuation Approaching Watch Zone

BIT released a chart showing that Circle's stock price has cumulatively dropped approximately 28% since March 16, currently nearing below $80, with its valuation entering the watch zone. The CLARITYAct compromise draft proposes restricting platforms from offering yields on idle token balances, which may impact the expansion potential of some of Circle's interest-bearing products. However, the regulatory positioning of USDC may become clearer. The growth of stablecoins has slowed, and market activity remains subdued, with a lack of clear short-term catalysts.