BeInCrypto
BloFin Research: Circle’s Q2, Arc Token Presale Lifts Guidance and Bridges the Crypto Downturn
In its Q2 earnings release, management raised guidance for both other revenue and RLDC margin, which surprised us. A closer look shows that the increase is driven by one-time Arc token presale revenue. This buys Circle time through the 2026 crypto bear market. If the crypto cycle bottoms in Q4 and on-chain activity recovers next
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