4月8日，美股收盤，道瓊指數跌0.18%，標普500指數漲0.08%，那斯達克指數漲0.1%。加密市場漲跌不一，TRON跌超7.92%，CRCL漲超2.14%。去中心化RWA交易平台msx.com已上線數百種RWA代幣。

4月7日，美股盤前加密概念股普遍下跌，具體表現為CRCL下跌0.41%，MSTR下跌1.27%，SBET下跌1.1%，BMNR下跌1.53%。msx.com 是一個去中心化 RWA 交易平台，已上線多種 RWA 代幣。

Circle（CRCL）股價持續走弱，受到監管重定價等多重因素影響，市場對其獲利能力進行重新評估。同時，Tether 市場擴張加劇競爭，影響 Circle 的市場份額。獲利回吐與策略性減倉導致價格波動，反映出加密產業的深層變化，市場逐漸轉向以基本面驅動。

花旗銀行指出，美國《CLARITY 法案》對穩定幣獎勵機制的限制可能會對Circle（CRCL）產生階段性影響，但不改變其長期投資邏輯。法案主要影響收益分配，但Circle的核心收入模式相對不受衝擊。雖然可能削弱短期持幣動力，但穩定幣的關鍵指標為交易量，而非流通量。

Gate News 消息，3 月 26 日，某交易平台行情数据显示，过去 24 小时，加密板块美股代币普遍下跌。其中，GEMI 跌幅最大，下跌 10.55%；IREN 下跌 6.86%；COIN 下跌 5.44%；CRCL 下跌 3.72%。MARA 为唯一逆势上涨的代币，涨幅 1.96%。

BlockBeats News: On March 25th, following the release of the revised Clarity Act yesterday, which prohibits stablecoin issuers from directly or indirectly paying interest to users solely for holding stablecoins, CRCL fell sharply by 17.63%. However, Ark Invest, under Cathie Wood's leadership, went against the market trend and increased its CRCL position, adding 116,000 shares of CRCL worth approximately $11.6 million.

U.S. stocks crypto-related concept stocks collectively fell, with Circle down 20.1%. Against this backdrop, two whale investors simultaneously bought the dip, building positions of approximately 1 million dollars in CRCL long positions at 106 dollars and 103 dollars respectively.

Gate News report: On March 25, U.S. stock crypto concept stocks collectively declined, with Circle (CRCL) falling 20.1%. The contract for this asset on Hyperliquid is currently trading at $102.7. During the sharp decline, two on-chain whales (0xcee, 0x51b) simultaneously initiated bottom-fishing operations early this morning, each opening approximately $1 million CRCL long positions. Their average entry prices were $106 and $103 respectively, with liquidation prices at their closest point located at $95.8.

Gate News 消息，3 月 24 日，Circle（CRCL）盤中跌超 16%，創 2025 年 6 月以來最大單日跌幅，現報 106.1 美元。此前，《CLARITY 法案》最新草案顯示，禁止僅因持有穩定幣而獲得收益。