Circle’s stock took a sharp hit on Tuesday as regulatory pressure and a 
rival’s credibility push collided in real time. CRCL Faces Double Blow From 
U.S. Policy Draft and Rival Audit News Circle Internet Financial (NYSE: CRCL) 
saw its shares tumble roughly 20% intraday on March 24, 2026, sliding from 
early highs near $125 to […]

Circle Stock Drops 20% as Clarity Act Yield Rules and Tether Audit Shakes Performance

Circle Internet Financial, the issuer behind the USDC stablecoin — the second- 
largest dollar-pegged cryptocurrency — saw its stock, CRCL, tumble 22% on 
Tuesday to $98 as lawmakers reportedly moved to tighten rules around 
stablecoin yields. The selloff followed reports that a revised draft of the 
Senate Banking Committee’s CLARITY Act would broadly prohibit platforms from 
offering yield “directly or indirectly” for holding stablecoins or assets that 
function like bank deposits. Circle Revenue Model At Risk? The proposed 
restriction, reported by Crypto in America journalist Eleanor Terrett, is 
written to cover digital-asset service providers and their affiliates — 
exchanges, brokers, and similar firms — in an effort to close potential 
workarounds. Under the draft language, firms would be barred from providing 
anything “economically or functionally equivalent” to interest on stablecoin 
holdings. Related Reading: Bitcoin Expert Predicts ‘Golden Entry Window’ For 
Next Bull Market In October 2026 If they were to materialize over the long 
term, the implications for Circle would be immediate and substantial. Circle 
derives approximately 96% of its revenue from interest earned on USDC reserve 
assets. If platforms are prevented from offering yield or if demand for USDC 
softens because consumers and institutions cannot earn returns, Circle’s core 
revenue stream could be materially weakened. The fallout was not limited to 
Circle. Coinbase (COIN), the largest US-listed crypto exchange, also 
experienced significant pressure, trading down roughly 21% to about $179 at 
the time of writing. Tether’s Big‑Four Audit Move In a Tuesday post on the 
social media platform X, Terrett also pointed out that Tether’s latest move 
may have amplified the crash in Circle’s stock. Circle&#8217;s competitor recently 
announced that it had hired a Big Four accounting firm to audit its USDT 
reserves for the first time. Related Reading: Strategy Discloses $42 Billion 
Fundraising Plan To Hit 1 Million Bitcoin Target By End Of 2026 Tether framed 
the engagement as a major step toward enhanced transparency and regulatory 
readiness, saying the audit would provide “deep assurance that USDT is fully 
backed, highly liquid, and operated with world-class risk management.” 
Featured image from OpenArt, chart from TradingView.com

Circle (CRCL) Crashes Below $100 After Senate Revises Crypto Bill To Ban Stablecoin Rewards

Ethereum whales are now back in profit as the ETH price continues to climb, 
defying the broader market downtrend. Data from the on-chain analytics 
platform CryptoQuant indicate that these whales are investors with wallets 
holding over 100,000 ETH. The sudden move into profitability raises the 
question of whether these large-scale investors will hold their positions or 
sell immediately, as key historical chart patterns signal a potential price 
surge for ETH in the coming months. Ethereum whales are reportedly back in the 
green after sitting on a pile of paper losses following ETH’s persistent price 
decline this year. According to CryptoQuant, this is the first time that 
whales holding over 100,000 ETH have become profitable since early February 
2026. Ethereum Whales Move Back Into Profit Zone While a shift into the profit 
zone is typically viewed as a bullish signal, it also highlights the potential 
for large-scale investors to sell and take profit. Market analysts CryptoTice 
and CW have also spotlighted this recent movement on X, offering insights into 
its broader significance. Related Reading: Ethereum Price Won’t Crash To 
$1,500 Until This Happens First, Analyst Reveals In his analysis, CW pointed 
out that areas where large whales previously incurred losses are often seen as 
market bottoms. He explained that when these whales return to profitability, 
the moment they do so can mark the start of a major uptrend. Given ETH whales’ 
latest move into profitability, CW suggests the current market could be at the 
beginning of a bullish reversal. Sharing a different yet equally bullish 
perspective, Crypto Tice highlighted a recurring historical pattern in which 
whales returning to profitability triggered significant price rallies for ETH. 
He emphasized that wallets holding above 100,000 ETH don’t flip back into 
profit by accident. According to him, every single time this has happened, ETH 
has recorded a 25% increase within three months, a 50% rally in six months, 
and a staggering 300% gain within the year. CryptoTice noted that these large- 
scale whale addresses have survived every market cycle, experiencing both bull 
runs and bear market crashes. He stated that they were the ones that 
accumulated at the bottom while everyone else sold due to panic as broader 
volatility and negative sentiment spread. Based on his analysis, if Ethereum 
perfectly follows the same historical pattern, it could see its price 
skyrocket from its current price of above $2,150 to roughly $2,687 in three 
months, approximately $3,335 in six months, and about $8,600 within the year. 
Analyst Identifies New Sell Wall For ETH Whales In a more recent analysis, CW 
shared a potential sell wall for Ethereum whales looking to take profits. In 
his ETH chart, he marked $2,350 as the next sell wall, representing a roughly 
9.3% increase from current levels. Related Reading: Ethereum Price Is Headed 
For $8,500 If This Happens At the same time, the analyst noted that Ethereum 
whales are still on a strong buying spree. He stated that these large-scale 
investors have continued to accumulate ETH even during sideways movement, 
matching the scale of the net buying seen among Bitcoin whales. Featured image 
from Freepik, chart from Tradingview.com

Ethereum Whales Are Making Money Again, But Will They Hold Or Sell?

The stablecoin issuer did not name the accounting firm from the ‘Big Four‘ 
roster of Deloitte, PricewaterhouseCoopers, Ernst &amp; Young, and KPMG.

Tether says ‘Big Four‘ firm to handle first audit of USDT reserves

The offering allows institutional investors to trade event-based contracts 
using crypto collateral, as regulatory scrutiny of prediction markets 
intensifies in the United States.

Cryptocurrency price in VND