This is a promising chart. The Coppock Curve is close to zero and showing signs of flattening out. The moving averages have bunched and are breaking higher. If and when the index breaks into new all-time high ground, it will be breaking out of a 17-month consolidation. This latest consolidation will gain even more significance, as it is arguably part of an extended consolidation that began in 2021.
We can see this larger consolidation more clearly on a three-month candlestick chart, which also shows a clear Coppock buy signal. I don’t know the precise significance of Coppock signals on a three-monthly chart, but a rising Coppock can never be bad news.
Shares may faff around for a bit, but the longer the breakout is in coming, the greater may be its power.
This is a seriously WOW! chart. Four times the shares have failed to breach $300 over a four-year-plus period. A close above $300 will be an electrifying development, and here’s the exciting thing: it is almost certain to happen. The longer it takes, the more significant the breakout will be.
On a shorter-term chart, we are already close to a convergence of moving averages and a Coppock buy signal. We don’t have it yet, but it looks odds-on that it will happen. This will be, effectively is, a buy signal for QQQ3 and a good omen for the whole stock market.
The risk remains what it always is: a huge, negative Black Swan event, such as a war between the great powers or a massive spike in long-term interest rates. The safety-first approach would be to buy when the one-month chart Coppock starts rising and hold until it starts to fall.
I am not a great believer in safety-first.
New Issue Circle Internet Skyrockets In Opening Dealings
Shares in Circle Internet have exploded since their IPO. The shares floated at $31 and jumped nearly 170pc on the first day of trading. This is a business I struggle to understand.
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications worldwide. Circle is building the world’s largest, most-widely used, stablecoin network, and issues, through its regulated affiliates, USDC and EURC stablecoins. Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations.
Circle Internet Group
So, what are stablecoins?
Stablecoins have emerged as a pivotal innovation in the financial landscape, bridging the gap between cryptocurrencies and traditional fiat currencies. By maintaining a consistent value, stablecoins facilitate seamless transactions, making them indispensable for various financial applications.
A stablecoin is a type of digital asset designed to maintain a stable value by pegging its worth to a reserve asset, such as a fiat currency like the U.S. dollar, a commodity like gold, or a basket of assets. This stability addresses the more inherent volatility often found in other cryptocurrencies, making stablecoins especially suitable for everyday transactions and financial services.
Stablecoins play a crucial role in payments, remittances, decentralized finance (DeFi), and cross-border payment soultions. Their stable value ensures that users can transfer funds without the risk of significant value fluctuations during the transaction, which is essential for both consumers and businesses.
Ripple envisions a future where regulated, enterprise-grade stablecoins, such as Ripple USD, are integral to the financial ecosystem. RLUSD is designed to provide the trust and utility required for institutional adoption, ensuring compliance with regulatory standards while offering the benefits of digital assets.
Ripple, 20 February 2025
What are they for?
Stablecoins offer several advantages that make them integral to the modern financial system:
Stablecoins enable instant transfers with minimal fees, making them ideal for everyday transactions.
Their stable value and digital nature make stablecoins suitable for global transactions, reducing the time and cost associated with traditional cross-border payments.
Many economies across the globe deal with local currency volatility, making it difficult for businesses to succeed due to the resulting unpredictable business environment, increased costs, and challenges in financial planning. Stablecoins provide access to financial services for the unbanked and underbanked populations, allowing them to participate in the global economy.
In decentralized finance, stablecoins are essential for decentralized exchanges, lending platforms, and liquidity pools, providing a stable medium of exchange and store of value.
Businesses can use stablecoins for treasury management, settlements, and corporate payments, benefiting from their stability and efficiency. Stablecoins also offer a compelling solution for banks and fund managers seeking efficient trade settlement assets. When it comes to Real World Assets (RWAs), these markets are best served by stablecoins to ensure the asset is properly priced and to facilitate efficient market operations worldwide by using a stable medium of exchange.
Stablecoins facilitate easy conversion between digital and fiat assets, serving as a bridge for users entering or exiting the cryptocurrency market. Given their ease-of-use and ubiquity across protocols, stablecoins often provide a simple and easy method to onboard more customers.
We don’t necessarily need to understand what this is all about. The key point is that there is a respectable intellectual argument for saying that stable coins are going to become important. This is where Circle Internet Group comes in.
If you could take what we think of as money, make it digital and available on the internet, then that would dramatically change the way we use money and open up opportunity around the world. That’s the idea behind Circle.”
Jeremy Allaire, CEO and co-founder, Circle Internet Group
Below is an example of the kind of thing that Circle is doing. It sounds exciting.
Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, today announced Circle Payments Network (CPN) to connect financial institutions – banks, neo-banks, payment service providers, virtual asset service providers and digital wallets – and enable real-time settlement of cross-border payments using regulated stablecoins. CPN marks the next chapter in Circle’s evolution, extending beyond trusted stablecoins and developer platforms to power a globally connected payments network.
Despite improvements, cross-border payments can still take longer than one business day to settle and cost more than 6%, according to the World Bank, disproportionately impacting emerging markets and limiting their global competitiveness. Delays are driven by multiple intermediaries, compliance checks, local market cut-off times, and fragmented operating hours across jurisdictions.
Designed to bring efficiencies to a fragmented cross-border payments system, CPN provides financial institutions with a modern way to move money globally with the speed, transparency, and programmability of the internet. CPN is governed by a robust framework that requires participants to meet strict eligibility standards, including licensing, AML/CFT compliance, financial risk management, and cybersecurity protocols. By leveraging USDC, EURC, and other regulated stablecoins, CPN enables seamless connectivity to domestic real-time payment systems worldwide, while upholding the compliance, security, and trust required for financial institutions to meet their regulatory obligations.
CPN will enable a broad spectrum of cross-border money movement use cases for businesses, financial institutions, and individuals — including supplier payments, remittances, payroll, capital markets settlement, internal treasury operations, and onchain financial applications. Powered by smart contract infrastructure and modular APIs, the network enables third-party developers to build advanced modules, app services, and automated financial workflows directly on top of CPN. More details about CPN are available in the CPN white paper.
“Since our founding, Circle’s vision has been to make moving money as simple and efficient as sending an email,” said Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle. “CPN is a significant step in making that vision a reality for businesses worldwide.”
Circle Internet Group, 25 April 2025
I am not going to say any more about Circle because I am at the beginning of my learning curve with this company. I can see why investors have reacted with such enthusiasm.
Share Recommendations
QQQ3
CRCL
