Two major news events drove CRCL down 17.55%, closing at $62.63, its historical low.

Mars Finance News, July 1 – According to Bit.com market data, Circle (CRCL), one of the leading U.S. crypto concept stocks, closed sharply down 17.55% on Tuesday's trading session, with a closing price of $62.63, already in its historical low range.

On the news front, the new stablecoin project Open Standard announced support from over 140 companies, including Visa, Mastercard, American Express, Stripe, BlackRock, Coinbase, Google, BNY Mellon, Standard Chartered, DBS, U.S. Bank, Shopify, DoorDash, IBM, etc., covering payment giants, traditional banks, asset management, crypto-native companies, and tech platforms. The company's stablecoin—Open USD—is planned to launch later in 2026 and will be deployed on multiple chains including Base (Coinbase), Solana, Stellar, Polygon, and Ripple.

Additionally, news of CRCL being removed from the Russell Indexes continues to spread. It is reported that the Russell Indexes underwent adjustments after the market close on June 26, and CRCL (Circle Internet Group, NYSE: CRCL) has been removed from several major Russell growth indexes, including the Russell 1000 Growth. Passive funds/ETFs tracking these growth indexes will undergo mechanical adjustments, leading to selling of CRCL shares.

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