On September 17, Circle Internet Corp. rose 5.08% in regular trading to $83.87/share, with turnover of $290 million, rebounding sharply after the prior session's 6.78% decline to $80.45 triggered by the failed CLARITY Act vote.

The broader crypto sector staged a broad-based recovery in the session, with futures indexes all pointing higher. Circle's rebound was supported by the successful launch of its Arc Layer-1 blockchain mainnet on September 16, which saw USDC totals on the network reach 372 million within just two hours, with approximately 176,000 on-chain addresses created. CEO Jeremy Allaire called Arc the most important product launch since USDC's inception, with over 100 institutional participants including BlackRock, Goldman Sachs, Mastercard, and Visa involved in testing.

Options flow on the session also signaled bullish institutional sentiment, with a $2.7 million sale of far-dated 70-strike puts and a $2.675 million purchase of 85-strike calls, reflecting confidence that downside is limited and upside potential remains intact following the recent selloff.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)