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Circle Plunges Most Ever On Stablecoin Legislation, As Tether Prepares Full Audit
Circle Plunges Most Ever On Stablecoin Legislation, As Tether Prepares Full Audit
Circle Internet Group, the issuer of the USDC stablecoin, plunged the most on record as investors reacted to potential stablecoin regulation changes that could make the firm’s cryptocurrency less attractive to large holders, as it would be stripped of interest payments. Concerns that a competitor is readying a move into the US market also hurt Circle’s share price.
The stock declined as much as 22%, its steepest intraday drop ever, and leading losses across crypto-linked equities. Coinbase fell as...
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Mar 5, 2026 / Kyle Anzalone
Foreign Minister: Iran Is Not Seeking Ceasefire, Negotiations with US
Iranian Foreign Minister Abbas Araghchi said that Tehran is not seeking to end the war with the US. “We are not asking for a ceasefire. And we don’t see any reason why we should negotiate with the US. When we negotiated with [the US] twice, and every time they attacked us in the middle of […]
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Mar 16, 2026 / Dave DeCamp
US Has Lost About a Dozen MQ-9 Reaper Drones in Iran War
The US military has lost about a dozen MQ-9 Reaper drones since the US and Israel launched the war against Iran on February 28, The Wall Street Journal reported on Monday. The report said the MQ-9s had been lost both on the ground and in the air as Iranian missile and drone attacks have hit […]
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Feb 23, 2026 / Tyler Durden
Supreme Court Tariff "Bomb"? Fears Of A $200 Billion Refund Shock Are Overdone
Supreme Court Tariff "Bomb"? Fears Of A $200 Billion Refund Shock Are Overdone
Authored by Daniel Lacalle,
The market consensus reaction to the Supreme Court ruling on the Liberation Day tariffs exaggerates the negatives and ignores the options of the Trump administration.
Markets are overreacting to headlines about a $175–200 billion tariff refund financial hole. However, the Supreme Court ruling opens a long, narrow, and manageable process, not an imminent fiscal crisis.
In the days after the Supreme Court struck down the Trump Liberation Day tariffs, many sell-side analysts turned a complex legal...
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