Search results for "CIRCLE"

Hong Kong media: Circle recorded a rise of over 5 times in the month since its listing, and Everbright Holdings has been its shareholder since 2016.

According to Jinse Finance, as reported by Hong Kong media Hong Kong Commercial Daily, Circle, the issuer of the world's second-largest stablecoin USDC, was listed on the New York Stock Exchange on June 5, recording a rise of over 5 times in just over a month. It is reported that Everbright Holdings became a shareholder of Circle in 2016, and Huaxing Capital invested in Circle in 2018. Analysts point out that the stablecoin's "iPhone moment" is approaching investors at a visibly rapid pace, and the market generally believes that stablecoins are expected to reshape the global payment and financial landscape.
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Circle attracts enthusiastic support from Korean retail investors, with monthly net purchases exceeding $400 million.

According to Gate News bot, CoinDesk reported that Circle has become the most favored overseas stock among the South Korean public, with a net buying amount of 450 million USD this month. Circle's current price-to-earnings ratio is as high as 187 times, far exceeding that of TradFi fintech companies. At the same time, as the new president Lee Jae-myung accelerates the process of legalizing the Korean won stablecoin, South Korea...
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$2 trillion stablecoin market battle: Is the Renminbi challenging the dominance of the US dollar?

With the recent passage of the GENIUS Act in the United States, Chinese tech giants are seeking to balance the rising dominance of dollar-pegged digital currencies. At the heart of this competition is the stablecoin market, which could reach a scale of 2 trillion dollars in the future.
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The stock tokenization platform xStocks had a trading volume of 3.81 million USD yesterday, with the S&P 500 leading in trading volume.

According to BlockBeats news on July 4, data from Dune shows that the stock tokenization platform xStocks created by Backed saw a trading volume of 3.81 million USD on its fourth day, a significant drop from the previous day's trading volume of 8.56 million USD. The platform reported 2,835 daily active users (DAU) and completed 25,126 transactions. In terms of trading varieties, the S&P 500 index had a trading volume of 960,000 USD, ranking first, followed by TSL, Circle, and NVIDIA stock tokens.
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SOL (Solana) fell 1.14% in the last 24 hours.

Gate News Bot news, on July 4, according to CoinMarketCap data, as of the time of writing, SOL (Solana) is currently priced at 151.23 USD, falling by 1.14% within 24 hours, with a high of 159.63 USD and a low of 141.35 USD. The 24-hour volume reached 3.65 billion USD. The current market capitalization is approximately 80.87 billion USD, a decrease of 934 million USD from yesterday. Solana is a high-performance blockchain platform that provides developers with robust infrastructure and offers a fast experience for all users. The platform supports a variety of application scenarios, ranging from seasoned users to new consumers, and is committed to bringing blockchain technology to the masses. The Solana ecosystem is providing tools and integrated solutions for numerous companies around the world. Important recent news about SOL: 1️⃣ **The first Solana staking ETF is in
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Gate Daily: Bitcoin breaks through the 110,000 USD barrier! Trump sends signals on tariff rates, non-farm payrolls weaken rate cut expectations.

Today (5) in the Asian early market, Bitcoin slightly retraced to around 109,600 USD after breaking through the 110,000 USD mark last night. U.S. President Trump stated that he may begin announcing new tariff rates to various countries on Friday local time. The June non-farm payroll data was stronger than expected, boosting market sentiment and weakening expectations for a rate cut by The Federal Reserve (FED), which has suppressed buying interest in Crypto Assets.
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Circle has recently continued to remove on-chain USDC from Centralized Exchanges on Solana.

Gate News bot message, according to on-chain data, Circle has just removed 250 million USDC on the Solana chain through centralized exchange. In the past month, Circle has removed a total of 2 billion USDC on the Solana chain through centralized exchange.
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Circle destroyed 250 million USDC on the Solana Blockchain.

Gate News bot message, the data shows that Circle has just burned 250 million USDC tokens on the Solana blockchain. Statistics indicate that as of 2025, Circle has cumulatively burned 17.25 billion USDC tokens on the Solana blockchain.
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Data: Circle issued 250 million USDC on the Solana blockchain.

According to ChainCatcher news, on-chain data shows that Circle issued 250 million USDC on the Solana blockchain 3 minutes ago.
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Circle issued 250 million USDC on the Solana chain.

According to ChainCatcher news, on-chain data shows that Circle issued an additional 250 million USDC on the Solana chain 3 minutes ago.
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Bitcoin Price Prediction: Arthur Hayes Warns of a Short-term Pullback to 90,000 for BTC, but Bank Stablecoins Will Ignite a Long-term Bull Run

Arthur Hayes' latest viewpoint suggests that Bitcoin's price movement may experience a brief pullback, with a target of potentially reaching $90,000, after which it will be propelled to new historical highs by fiat stablecoins issued by American banks.
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A new trend has emerged! American tech giants have joined forces to establish the "Lonely Mountain" bank, targeting the Crypto Assets and AI markets.

After the collapse of Silicon Valley Bank (SVB), there has been a new gap in the demand for financial services in the tech industry. A group of prominent tech investors, including military tech entrepreneur Palmer Luckey (known for founding Anduril Industries) and venture capitalist Joe Lonsdale (co-founder of Palantir and managing partner at 8VC), is preparing to establish a new bank named "Lonely Mountain." This bank, named after the "Lonely Mountain" in The Lord of the Rings, has officially applied for a national bank charter in the U.S., aiming to serve the niche market left by the collapse of Silicon Valley Bank and ambitiously venturing into cutting-edge fields such as Crypto Assets, defense technology, and artificial intelligence.
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On the third day of trading, the stock tokenization platform xStocks reached a trading volume of 7.73 million USD, with the S&P 500 leading in transaction volume.

BlockBeats news, on July 3rd, according to Dune data, the stock tokenization platform xStocks created by Backed has reached a trading volume of 7.73 million USD on its third day of operation, with trading volume continuously rising. In addition, yesterday the platform's DAU (Daily Active Users) decreased compared to the previous day, reaching 4,215 people, achieving 14,560 transactions. In terms of trading varieties, the S&P 500 index trading volume reached 4.25 million USD, ranking first, followed by TSL and Circle stock tokens.
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Golden Finance reported that Circle minted 250,000,000 USDC on Solana 5 hours ago.

During the market long positions period, stablecoin revenue exceeded 10 billion USD.

Gate News bot reported that stablecoin issuers led by Tether generated nearly $10 billion in revenue, with Tether earning $6.56 billion, Circle $1.89 billion, Sky Protocol $384 million, and Ethena $332 million. These growths have strengthened the blockchain ecosystem, boosting liquidity and Decentralized Finance (DeFi) activities.
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According to a report by Golden Finance, data from CoinDesk Data shows that stablecoin issuers generated nearly $10 billion in revenue over the past year. Among them, Tether topped the list with $6.56 billion in revenue, Circle earned $1.89 billion, Sky Protocol received $384 million, and Ethena had $332 million in revenue.
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Circle fall over 6%, has retracted 31% in the last 7 trading days.

Odaily News The US stock market shows that the leading stablecoin stock Circle has fallen over 6%, retracting 31% in nearly 7 trading days.
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Circle fall超过6%,近7个交易日已回撤31%

Odaily News The US stock market shows that the first stablecoin stock Circle has fallen over 6%, retracting 31% in nearly 7 trading days.
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Grayscale: In the second half of 2025, encryption assets will benefit from a favorable macro background.

Odaily News Gray Release published a research report for June, which pointed out that the GENIUS Act will bring regulated payment stablecoins to the United States, having passed the Senate with bipartisan support and now heading to the House for approval. Circle has successfully gone public, and it is expected that the increase in regulatory clarity and favorable macro backdrop (huge budget deficits and potentially lower Interest Rates) in the second half of 2025 will continue to support encryption assets.
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Stablecoin Revolution: Crypto Assets Challenge the Dominance of Visa and Mastercard, Can They Reshape the Global Payment Industry Landscape?

Traditional payment giants Visa and Mastercard are facing strong challenges from tech companies and crypto startups! Stablecoins, with their ultra-low fees, instant settlement, and core advantages of bypassing intermediaries, are making a strong entry into the $100s of billions payment market. How will this transformation affect merchant costs, consumer experience, and the practical application of Crypto Assets? This article will provide a deep analysis of this "huge change" in the payment sector.
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The stock tokenization platform xStocks recorded a trading volume of 5.82 million USD on its second day, more than 4 times the first day's rise.

BlockBeats news, on July 2nd, according to Dune data, the stock tokenization platform xStocks created by Backed achieved a trading volume of 5.82 million dollars on its second day, more than quadrupling the 1.34 million dollars from the first day. Additionally, yesterday the platform's DAU (Daily Active Users) reached 5,641, executing 15,719 transactions. In terms of trading varieties, the S&P 500 index's trading volume reached 1.69 million dollars, ranking first, followed by TSL and Circle stock tokens.
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U.S. stock market close: major indices diverged, Circle (CRCL.K) rose over 6%

Golden Finance reported that U.S. stocks closed on Tuesday, with the Dow Jones rising 0.9% initially, the S&P 500 index slightly falling, and the Nasdaq dropping 0.8%. Nvidia (NVDA.O) fell nearly 3%, Circle (CRCL.K) rose over 6%, and Tesla (TSLA.O) dropped 5.3%.
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Citigroup: Assigns Circle a Buy rating, target price of $243

According to ChainCatcher news and CoinDesk reports, Citigroup stated that Circle's valuation is reasonable and has given it a buy rating for the first time, setting the target price for Circle's stock at $243, which still has about a 34% upside compared to yesterday's closing price of $181.
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Citi analysts have given Circle a buy rating for the first time, with a target price of $243.

Gate News bot message, CoinDesk reported that Citigroup released a research report on July 1, giving Circle (CRCL) stock a "Buy/High Risk" rating for the first time, setting a target price of $243. Circle stock was issued at an IPO price of $31, reached a high of $299, and then fell back to $181. Citigroup analysts' target price is lower than the current price.
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Citigroup: Circle's valuation is reasonable, initiating a buy rating.

Odaily News Citigroup, a financial giant, stated that Circle's valuation is reasonable and has given it a buy rating for the first time. Citigroup set a target price of $243 for Circle's stock, which is an increase of about 34% from last night's closing price of $181. The Citigroup report noted that Circle benefits from "scarcity value, the 'winner-takes-all' concept, significant potential opportunities, legislative momentum," and "enormous operational leverage potential."
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Circle launched cross-chain Liquidity service Circle Gateway

Gate News bot news, PANews news, Circle announced a new developer service Circle Gateway on July 1. This service enables unified management of USDC balances and provides users with instant cross-chain Liquidity support. Circle Gateway has three core functions: First, it eliminates the need for cross-chain pre-stored funds and rebalancing operations, most...
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Circle has launched the developer service Circle Gateway, and this month you can access Testnets like Base and Ethereum.

Odaily News Circle announced on the X platform the launch of the developer service Circle Gateway, which enables unified USDC balance, instant cross-chain Liquidity, and other features, eliminating the need for cross-chain pre-funding or rebalancing. A single integration can meet the needs of multiple chains, allowing users to retain full control and withdraw without permission. This month, it will go live on Testnet for Base, Ethereum, and others.
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The FATF warns of the criminal risks of stablecoins, and executives in the encryption field say: it is not aimed at the encryption industry.

PANews July 1st news, the Financial Action Task Force (FATF) recently warned of a rise in crime related to stablecoins, but executives from blockchain intelligence companies stated that this is not a threat to the Crypto Assets industry, but rather emphasizes the need to strengthen regulation and monitoring. Executives from Chainalysis and Asset Reality believe that this warning is aimed at promoting unified licensing and regulation for stablecoin issuers, enhancing real-time monitoring and international cooperation to track and combat illegal flows of funds, rather than prohibiting the development of stablecoins. Chainalysis data shows that the 2025 cryptocurrency crime report indicates that 63% of on-chain illegal transaction volume is denominated in stablecoins. Experts point out that the transparency and traceability of stablecoins make them not the best choice for criminals, while centralized stablecoin issuers also have the ability to freeze illegal funds, such as Tether freezing $225 million of US.
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Since xStocks launched tokenized stocks, the trading volume has exceeded $1.5 million, with the number of trading users reaching 1551.

According to Dune data, Backed's tokenization platform xStocks has reached a volume of $1,574,670 since its launch, with 1,551 users and 61 tradable assets, among which NVIDIA and MicroStrategy have the highest trading volume.
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ZachXBT accuses Circle of failing to take action against USDC payment activities related to North Korea.

PANews reported on July 1 that on-chain detective ZachXBT stated that Circle and USDC are used as the primary payment infrastructure by North Korean IT workers, but no measures have been taken to detect or freeze related activities, while claiming compliance. He noted that recent transaction volume has reached high eight digits, yet no one is paying attention during the current "crime supercycle."
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On-chain detective reveals: North Korean IT workers are using USDC for payments.

Gate News bot news, on-chain data analyst ZachXBT disclosed through platform X that North Korean IT practitioners are widely adopting the stablecoin USDC issued by Circle as a payment tool. According to his investigation, the recent transaction scale reached tens of millions of USD. In his post, ZachXBT questioned Circle, pointing out that although the company emphasizes "Compliance", it is...
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ZachXBT: USDC has become the primary payment tool for North Korean IT personnel, Circle has not frozen related activities.

Odaily News On-chain detective ZachXBT posted on platform X, stating that the stablecoin USDC issued by Circle is widely used for payments by North Korean IT workers, claiming to have discovered that the recent transaction volume has reached tens of millions of USD. He criticized Circle for not taking any freezing or monitoring measures while claiming to be "compliant," sarcastically stating, "This is a crime Supercycle, and no one cares."
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Circle applies to establish the first Digital Money trust bank in the United States.

According to Gate News bot, Reuters reported that stablecoin issuer Circle has submitted a trust bank license application to U.S. regulators. Circle plans to establish a national trust bank in the United States, named First National Digital Currency Bank, N.A. Once the application is approved, the bank will have custody rights for reserves.
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Circle is about to obtain a trust bank license in the United States.

Gate News bot message, on July 1st, stablecoin issuer Circle is applying for a U.S. trust bank license to create a new national trust bank entity. If approved, Circle will establish the first national digital currency bank, which can provide custodial services, including the custody of tokenized stocks and bonds. Circle CEO Je
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Encryption stocks are expected to rise by 119% in 2025, which may reshape the structure of the US stock zone.

Odaily News According to a report by 10x Research, as of 2025, encryption concept stocks have accumulated a rise of 119%, surpassing the pump of Bitcoin and most traditional assets. With companies like Circle pushing for billion-dollar IPOs, Wall Street is quietly incorporating encryption stocks into mainstream allocations. The report states that 2025 could become the "year of encryption stocks," with encryption companies expected to become an important component of the emerging zone in U.S. stocks.
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The US stablecoin giant applies to establish a national trust bank.

According to Gate News bot and CNBC, the well-known stablecoin issuer Circle is applying to establish a national trust bank in the United States. This move is an important strategic deployment after the company recently achieved an estimated valuation of approximately $18 billion through an IPO. If approved by the Office of the Comptroller of the Currency (OCC), Circle will be able to use its own reserves as...
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Circle applies to establish a national Digital Money bank, focusing on the custody of USDC and tokenization assets.

Gate News bot message, Reuters reported that stablecoin company Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish the "First National Digital Currency Bank, N.A." national trust bank. This application is one of the supporting measures for Circle's IPO plan. After obtaining the license, Circle will have the autonomous custody rights of USDC reserves.
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J.P. Morgan downgrades Circle rating: target price $80

Gate News bot message, Bloomberg reports that despite Circle's stock price rising nearly 490% after its listing, lead underwriter JPMorgan has given it a "downgrade" rating. JPMorgan set a target price of $80, down about 60% from its peak. JPMorgan analyst Kenneth Worthington pointed out in his report that Fiserv, Mastercard, Amazon
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Circle has burned 250 million USDC on the Solana blockchain.

Gate News bot message, latest news: Circle has completed the destruction of 250 million USDC on the Solana chain. According to on-chain data, as of now, Circle has burned a total of 16.75 billion USDC on the Solana network.
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Data: US stock stablecoin concept stocks rise, Robinhood's rise exceeds 6%.

According to ChainCatcher news, market data shows that the US stock stablecoin concept stocks are rising, with Robinhood rising over 6% and Circle rising over 3%. According to ChainCatcher's previous report, as reported by Jinshi, U.S. Treasury Secretary Bessent stated that legislation on stablecoins may be completed by mid-July, which will be a source of demand for U.S. government bonds.
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JPMorgan covers Circle stock for the first time, setting a target price of $80.

According to Gate News bot, Cointelegraph reported that JPMorgan recently released a research report, analyzing Circle's stock for the first time and giving it a "reduce" rating. The report sets a target price of $80 for December 2026, which is 55% lower than the current stock price of $180. This pricing is based on a 45 times valuation of the expected earnings per share for 2027, plus an additional $10.
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JPMorgan Chase issues its first rating on Circle's stock: assigns a "Reduce" rating and sets a target price of $80 by the end of 2026.

Gate News bot message, According to reports, on June 30, the JPMorgan analyst team rated Circle (CRCL) stock for the first time, giving it a "Underweight" rating and setting a target price of $80 for December 2026. This target price is 55% lower than Circle's current stock price of $180. Analysts believe that despite Circle's emergence in the stablecoin sector.
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J.P. Morgan has downgraded Circle's rating to "hold," expecting the stock price to fall to $80 by the end of 2026.

JPMorgan analysts have given Circle stock a downgrade rating, setting a target price of $80, which represents a 55% drop from the current stock price of $180. The analysis suggests that Circle holds a dominant position in the emerging stablecoin market, but its market capitalization is too high.
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Bernstein gives Circle an "Outperform" rating with a target price of $230.

According to Gate News bot, The Block reported that research and brokerage firm Bernstein has issued its first rating on stablecoin issuer Circle, giving it a " outperform" rating with a target price of $230. Analysts from Gautam Chhugani's team point out that Circle is building a leading digital dollar stablecoin network with regulatory advantages and liquidity.
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Circle's stock price fell over 5% in after-hours trading, currently reported at $171.3.

According to Gate News bot, the latest market data shows that on June 30, the Crypto Assets payment company Circle (stock code CRCL) experienced a significant fall in after-hours trading on the US stock market. As of now, the company's stock price has fallen by 5.06%, priced at $171.3.
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Stablecoin service provider APACX joins the Circle Alliance Program to expand its business in Southeast Asia.

Gate News bot message, according to Foresight News, the Southeast Asian stablecoin operating service provider APACX has officially become a member of the Circle Alliance Program. The Circle Alliance Program is a global alliance created by the stablecoin issuer Circle, bringing together partners from fintech, electronic payments, and blockchain. �
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Circle signed a SPA with a market capitalization of $58 billion.

Gate News bot message, Circle achieves a valuation of $58 billion through a merger agreement with Concord Acquisition Corp's SPAC. This transaction reflects the current market demand for stablecoins. According to public disclosure, Circle announced on July 8 that it had reached a SPAC merger agreement with Concord Acquisition Corp. USDC, as Circle's main business...
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Data: Since its launch, Apps on Ethereum have generated approximately $26 billion in user transaction fees.

According to a report by Golden Finance and disclosed by Cointelegraph, since its launch, Apps on Ethereum have generated approximately $26 billion in user payment fees. Major contributors to Ethereum's "Gross Domestic Product" (GDP) include Tether, Uniswap, and Circle.
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Fiserv partners with PayPal and Circle to launch the USD stablecoin FIUSD, empowering global payments and banking services.

Gate News bot news, financial service technology company Fiserv( market capitalization 95.546 billion USD) announced a significant partnership to jointly launch its self-issued USD stablecoin FIUSD with payment giant PayPal and digital currency innovator Circle. This brand new stablecoin is scheduled to be officially released by the end of 2024.
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Data: The circulating supply of USDC has increased by about 400 million tokens in the past 7 days.

PANews, June 28 news, according to official data, in the 7 days ending June 26, Circle issued approximately 3.4 billion USDC and redeemed about 3.1 billion USDC, with a circulating supply increase of about 400 million. The total circulating supply of USDC is 61.6 billion, with reserves of approximately 61.9 billion USD, including about 8.6 billion in cash, and the Circle Reserve Fund holds about 53.3 billion.
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