Robinhood Markets shares jumped sharply today, trading at $92.54 and gaining more than 9% as investors responded to a pair of product developments that shifted attention away from a rough first quarter. The stock opened at $85.66, hit a session high of $93.13, and drew volume of roughly 8.8 million shares by midmorning. The move…
crypto stocks
Circle stock plunges nearly 20% as clarity act threatens stablecoin yields
Courtesy:circle It was a rough Tuesday for Circle Internet Group. Shares of the company fell around 20% after details emerged about proposed stablecoin legislation in the form of the revised Clarity Act, which would ban platforms from offering yield on stablecoin holdings if it resembles a bank deposit. The sell-off hit Circle after a 170%…