● Circle issues USDC and earns much of its revenue from interest on reserves.
SVRN, Inc. (NASDAQ:SVRN), formerly OceanPal Inc. and now focused on a NEAR token treasury, closed Friday, October 16, 2026, at $35.05, down 16.11% on the day, a decline large enough to rank the stock among the session’s biggest percentage losers. No company-specific news was …
● A separate $5.5 billion auto loan sale to Apollo also reshaped the balance sheet.
● Travelers repurchased $1.508 billion of stock and returned $1.769 billion to shareholders.
● No company-specific announcement was cited; reports pointed to a broad rotation into financials.
Zhibao Technology Inc. (NASDAQ:ZBAO), a China-based insurtech micro-cap, was among the clear decliners of the October 16, 2026 session. The shares closed at $0.634, down 33.46% on the day, a drop that pushed the stock well into sub-dollar territory and fit the broader pattern …
Securitize Holdings (NYSE:SECZ) shares fell sharply on Friday, October 16, 2026, closing at $9.86, a decline of 13.05% on the day. The company, which operates in the crypto and tokenization space, was caught in a session marked by broad weakness across crypto-linked equities, and …
● That guidance was absent from the press release itself, according to the same report.
Galaxy Digital Inc. (NASDAQ:GLXY) declined on Friday, October 16, 2026, closing at $16.14, down 11.56% on the day. The crypto financial-services company fell alongside the broader group of digital-asset-linked equities, which were weak across the session. The move is best explained by that crypto-weakness …
● Investors rotated toward financials as Visa, Mastercard and MetLife hit intraday record highs.