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Circle Renews Coinbase USDC Deal and Rules Out Dividends

Key Takeaways Circle renewed Coinbase’s USDC deal as Q2 revenue reached $701M, preserving a key distribution channel. USDC ended Q2 at $73.3B as Circle’s 150+ partnerships widened competition in stablecoin distribution. Circle ruled out quarterly dividends, betting reinvestment can deliver stronger shareholder returns in 2026. Circle Says No to Quarterly Dividends as Growth Takes Priority…

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SpaceX stock rallies 14% as lockup fears fade

SpaceX stock surged 14% on Friday after an analyst upgrade, softer U.S. jobs data, and limited insider selling eased pressure on the recently listed company. Summary SPCX climbed 14.09% to $131.06, extending its rebound from an August low near $105. Argus upgraded SpaceX to Buy and maintained a $160 price target. Up to 911.5 million…

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