Jul. 3 at 11:42 PM
Wild one —
$CRCL
dumped 16%+ on the OUSD news (140-company stablecoin alliance backed by Visa, Mastercard, Coinbase, BlackRock, threatening Circle's reserve-yield model).
Now turns out several of the "140 partners" — Samsung, Shinhan, Dunamu, K Bank — are saying they never actually signed up. Samsung's quote: "there were no official consultations, we don't even know what role we'd play."
Doesn't kill the OUSD threat (Visa/Mastercard/Stripe/Coinbase commitments are real) but it does mean part of that sell-off was priced on an inflated headline number.
If you're still in
$CRCL
puts from the drop, this is worth watching for a relief bounce — not a reason to panic cover, just noise that could add some chop near- erm. Watching how it holds the
$62-63 zone.
