Circle Internet Group

CoreWeave, Inc.

Meta Platforms, Inc.

The main US S&amp;P 500 index ended trading above 6,400 points for the first time, with tech leaders and artificial intelligence-related companies largely responsible for the gains. Stablecoin issuer USDC Circle lost more than 5% in the post-market after it announced it was selling 10 million shares after rising 425% since its IPO, despite strong earnings and USDC's 90% year-to-date growth. Meanwhile, OpenAI CEO Sam Altman is launching Merge Labs, a brain-computer interface startup that could be a competitor to Elon Musk's Neuralink. These and other topics are covered in our review of key events for the morning of August 13.

Highlights for the morning: the S&amp;P 500's record AI rally, Circle's fall and Altman's new startup

The company's stock initially soared 17%, but then squandered nearly all of the gain

Circle beats Wall Street's revenue expectations in first report since high-profile IPO

JD.com, Inc.

Cisco Systems, Inc.

The corporate reporting season on Wall Street is gradually coming to an end, and this week traders will focus on the US inflation data for July (Consumer Price Index, CPI). According to the forecast of UBS senior economist Alan Detmeister, they will reflect the impact of duties on price growth in the world's largest economy and will start a multi-month upward inflationary trend, <a href="https://finance.yahoo.com/news/inflation-in-focus-as-fed-rate-cut-debate-heats-up-what-to-watch-this-week-114004763.html#:~:text=UBS%20senior%20economist%20Alan%20Detmeister%20wrote%20in%20a%20note%20to%20clients%20that%20tariffs%20are%20driving%20the%20acceleration%20in%20inflation%20and%20July%27s%20data%20will%20bring%20the%20start%20of%20a%20several%2Dmonth%20uptrend.%20Detmeister%20projects%20core%20CPI%20will%20move%20from%202.9%25%20in%20June%20up%20to%203.5%25%20by%20the%20end%20of%20the%20year.">writes</a> Yahoo Finance. Detmeister warned that core CPI, which excludes highly volatile food and energy prices, could rise at an annualized rate from 2.9% in June to 3.5% by the end of 2025.

US inflation, Cisco and JD.com earnings: what investors need to know this week

Strategy Inc

Coinbase Global, Inc.

Robinhood Markets, Inc.

Voluntary pension insurance participants may gain access to riskier assets

Investors are waiting for Trump to allow pension funds to buy crypto. Who will win?

U.S. President Donald Trump signed the GENIUS Act on July 18, which regulates the issuance and security of stablecoins - tokens tied to the dollar exchange rate. It is the first federal cryptocurrency law in U.S. history, <a href="https://www.bloomberg.com/news/articles/2025-07-18/trump-signs-stablecoin-bill-delivering-win-for-crypto-industry">noted</a> Bloomberg.

Trump has signed the first US cryptocurrency law. It regulates stablecoins

The remaining two documents scheduled for Crypto Week also received House approval

The US Congress has approved the first cryptocurrency bill. It regulates stablecoins

Tesla, Inc.

Intel Corporation

Snap Inc.

According to the bank's analysts, the value of these companies will decline, which could give investors an opportunity to capitalize on the decline in the second half of the year

Tesla, Circle, Intel: JPMorgan names 40 best ideas for shorting

That said, Mizuho's forecast isn't even the worst on Wall Street for USDC's stablecoin issuer securities

Mizuho expects Circle shares to fall 58%. Why does he think the stock is overvalued?

About 88% of current demand for stablecoins is generated by cryptocurrency activity, with real payments accounting for only about 6% of the demand

JPMorgan's outlook for the stablecoin market was many times lower than optimistic estimates

Circle's stock has soared fivefold since its IPO, but many analysts believe this growth is premature

The organizer of the IPO of issuer USDC Circle advised to sell its shares. Is the rally over?

Coinbase securities remain volatile and could suffer if cryptocurrency prices decline

Coinbase shares hit an all-time high. To fix profits or to buy?

Seaport analyst predicts that stablecoin capitalization could reach $2 trillion, and Circle will be the beneficiary of the growth
