Stocks

Nvidia is facing a shareholder class action alleging it failed to properly disclose how much gaming GPU revenue was driven by Ethereum mining demand during fiscal 2018. The U.S. Supreme Court is reviewing a 9th Circuit decision that let the case move forward, with the investor class spanning Aug. 10, 2017 to Nov. 15, 2018. The dispute follows a May 2022 SEC settlement in which Nvidia paid $5.5 million over disclosure issues tied to fiscal Q2 and Q3 2018.

Circle Internet Group’s CRCL is attempting to stabilize around $100.75 after a sharp 20% one-session drop, with chart levels implying a possible rebound toward $130 if support holds. Analysts argue draft CLARITY Act wording is being overread and may not undermine Circle’s reserve-income model, while Bernstein reiterated a $190 target and Bitwise projected a $75 billion valuation by 2030.

On March 26, 2026, Franklin Templeton said it is working with Ondo Finance to place five ETFs onto public blockchains, with an initial launch planned outside the U.S. The structure uses an SPV to hold ETF shares at U.S.-registered broker-dealers while issuing 1:1 backed tokens that represent return rights and automatically reinvest dividends. The move comes as tokenized stocks approach ~$951M in total value and monthly transfer volume rises past $2.6B, alongside a tokenized Treasury market that has exceeded $11B by March 2026.

Arm Holdings (ARM) shares skyrocketed on March 25, 2026, closing up 16.38% at $157.07. The massive rally follows the company's Arm Everywhere event in San Francisco, where it unveiled its most significant strategic pivot since its founding: moving beyond chip blueprints into producing its own physical silicon.

On Tuesday, Circle Internet Financial (CRCL) fell 22% to $98 after reports tied the move to a revised CLARITY Act draft that would bar platforms from offering stablecoin yield. Bitwise CIO Matt Hougan said the selloff looked "overblown" and argued the bill does not change his base-case view. He said Circle could still reach a $75 billion valuation by 2030 under what he described as conservative assumptions.

Bitcoin Depot has appointed former MoneyGram executive Alex Holmes as CEO and chair, after Scott Buchanan stepped down from the role on Tuesday following a tenure that began on Jan. 1. The change comes as the crypto ATM operator faces enforcement and legal actions across multiple US states, while its shares closed Wednesday down 6.6% at $2.62 before rising 4.7% after-hours to $2.74.

Coinbase has again declined to back the latest Clarity Act draft, focusing its objections on language that would bar platforms from paying yield or rewards on stablecoin balances. A bipartisan version circulated Monday would also curb incentives by limiting access to transaction-size data used to calculate rewards.

Ondo Finance said on March 25 it partnered with Franklin Templeton to offer tokenized exposure to five ETFs through Ondo Global Markets, with Franklin Templeton continuing to manage the underlying funds. The setup issues wallet-held tokens that mirror ETF share ownership, enabling continuous trading outside traditional market hours and potential use in DeFi. The five ETFs span growth equities, large-cap stocks, gold, high-yield corporate bonds, and income-focused equities.

A leaked draft of the CLARITY Act is prompting fresh debate over whether stablecoin platforms could be barred from offering yield that resembles deposit interest, while some activity-based rewards may still be allowed. Circle's stock fell 20% to $101.17 amid the regulatory news. Separately, Tether says it has engaged a Big Four firm for its first full independent audit as scrutiny of the sector rises.

Robinhood has authorized a $1.5 billion share repurchase program, set to be executed over the next three years. On Tuesday, HOOD closed down 4.7% at $69.08, its lowest close of the year, after the company also disclosed a new $3.25 billion revolving credit facility with JPMorgan Chase.