Market update for Wednesday March 25, 2026

Interview with CFO of Circle (Spotify, YouTube)

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In today’s episode:

• Crypto stocks drop after proposed stablecoin regulation threatens yields
• OpenAI shuts down Sora, ending a potential $1B deal with Disney
• Arm jumps after announcing plans to sell its own AI chips
• Pop Mart plunges as investors worry about slowing Labubu demand
• Costco launches a new Kirkland energy drink that could rival Celsius