Mizuho Securities Upgrades CRCL Rating to Neutral, Says Polymarket Adoption Will Benefit Circle
On January 29, Mizuho Securities reversed its stance on Circle, upgrading CRCL shares to a "Neutral" rating and lifting its target price to $77. The firm said Wednesday that the surging popularity of prediction market platform Polymarket could push the company’s stock higher.
Analysts Dan Dolev and Alexander Jenkins noted: “All bets on Polymarket settle in USDC, meaning Polymarket’s growth will directly fuel USDC’s expansion. We anticipate the forecast market’s momentum will persist through 2026, translating to a rise in USDC’s market value and incremental revenue for Circle.”
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《Reuters》: White House to convene bank and crypto executives next Monday to advance CLARITY Act legislation
WASHINGTON, Jan. 29 (Reuters) - The White House will convene a meeting on Monday with banking and cryptocurrency industry executives to advance the CLARITY Act—legislation to regulate stablecoins that has stalled amid rifts between the two sectors—Reuters reported Monday, citing people familiar with the matter.
Hosted by the White House’s Cryptocurrency Working Group, the gathering will bring together leaders from major industry trade groups. It will center on how the bill addresses interest and other benefits crypto firms offer customers holding dollar-pegged stablecoins, the sources said.
The meeting could help the feuding sectors find common ground on the legislation, while underscoring the Trump administration’s push to get the bill passed. Trump actively courted the crypto industry during his 2024 campaign and vowed to advance mainstream adoption of digital assets.
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The potential collaboration news from OpenAI caused WLD to surge over 40% at one point
January 29 – Driven by reports that OpenAI plans to launch a human-centric social media platform using Worldcoin’s eye-tracking device Orb, WLD surged over 40% this morning. The token is currently trading at $0.566, holding a 24% gain since the news broke.
Earlier, Forbes reported—citing anonymous sources—that OpenAI could use the Orb to verify user humanity for its upcoming social network. Apple’s Face ID is also under consideration.
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BitMine has re-staked 217,000 ETH in the last 12 hours
On January 29, Onchain Lens data shows BitMine staked 217,120 ETH in the past 24 hours—valued at $6.5177 billion.
The firm’s total staked ETH now stands at 2,369,824, worth $7.12 billion.
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Cryptocurrency Fear and Greed Index drops to 26, still in "Fear" territory
January 29 — Per alternative data, today’s Crypto Fear & Greed Index stands at 26 (down from 29 yesterday), signaling the market remains in the “Fear” zone.
Note: The index ranges from 0 to 100, with components including: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends (10%).
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Source: OpenAI Plans to Launch 'Humans Only' Social Platform Using Worldcoin Eye-Tracking Devices
January 29 — Forbes reports that two projects co-founded by Sam Altman are reportedly merging to build a "humans-only" social media platform.
Anonymous sources cited in the report say OpenAI — the AI firm co-founded by Altman — may use Worldcoin’s Orb eye-scanning device to verify users are human on its planned social network. Worldcoin, developed by Tools for Humanity (another Altman co-founded venture), previously drew millions of users to sign up and claim its WLD cryptocurrency via a "scan-to-earn" token distribution model.
The report adds that a small OpenAI team working on the social network is also weighing Apple’s Face ID for biometric identity verification.
Analysts note OpenAI’s potential strategy is to leverage the success of ChatGPT and Sora to create a bot-free social platform, setting itself apart from existing networks like X (formerly Twitter), Instagram, and TikTok that are plagued by bots. Tech outlet The Verge reported in April this year that OpenAI was deve
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