Circle Internet Group, Inc.

Visa announced a new stablecoin settlement service using Circle's USDC, enabling faster fund transfers via blockchain technology and partnering to develop a new Layer 1 blockchain called Arc.

Wall Street continued its rally, with stocks rising and markets anticipating potential Federal Reserve interest rate cuts. Silver hit record highs at $55, and commodities like copper and gold also saw significant gains.

A proposed settlement has been reached in a class action lawsuit involving Concord Acquisition Corporation, with $3.7 million in cash and Circle Internet Financial shares to be distributed to Class A stockholders as of December 28, 2022.

Q3 earnings season kicks off with optimistic projections, highlighting a potential 'have and have-not' economic landscape. Tech sector, particularly AI-focused companies, is expected to drive strong performance, while consumer-focused sectors may face challenges from inflation and value-conscious spending.