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According to The Block, Cathie Wood's Ark Invest bought nearly $18 million worth of Circle Internet Group (CRCL) stock on Wednesday.
On the same day, CRCL's stock price further fell to $61.95, accumulating a decline of about 41% over the past month.
Recently, affected by the news that competitor Open Standard launched the alliance stablecoin Open USD, CRCL's stock price has dropped significantly.