Cassava Sciences (NASDAQ:SAVA) 주식

CASSAVA SCIENCES INC

Cassava Sciences

Cassava Sciences Inc is a clinical-stage biotechnology company engaged in developing a scientific approach for the treatment and detection of Alzheimer's disease. Its therapeutic product candidate is called simufilam, and it is a novel treatment for Alzheimer's disease; and investigational diagnostic product candidate is called SavaDx and it is a novel way to detect the presence of Alzheimer's disease from a small sample of blood, possibly years before the overt appearance of clinical symptoms. It is currently conducting two randomized placebo-controlled Phase 3 clinical trials of oral simufilam in patients with Alzheimer's disease dementia. It has one business segment: the development of novel drugs and diagnostics.

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벤징가는 지난주 많은 투자자들이 선호하는 주식들의 전망을 조사한 결과를 바탕으로, 다음과  같이 주요 뉴스 몇 가지를 요약했다. 다우 지수가 1.4% 상승하여 11월 상승률을 7.5%로 끌어올린 반면, S&amp;P 500과 나스닥 종합지수는 각각 1.1% 상승하여 월간 상승률이 각각 5%와 6%를 넘어서며 다우와 S&amp;P 500의 2024년 최고의 월간 실적을 기록했다.

벤징가 불스 앤 베어스: 아마존, 테슬라, 리비안, 팔란티어 그리고 도지코인

Microstrategy, Marathon Digital Holdings, Coinbase, Cleanspark, And Tesla: 5 Stocks On Investors' Radars Today Amid Bitcoin Buzz

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월요일(25일) 미국 증시는  S&amp;P 500 지수와 다우존스 지수가 사상 최고치를 경신하며 역사적인 하루를 보냈다. 러셀 2000 지수 역시 글로벌 지정학적 긴장 완화, 대선 이후 강세 모멘텀, 계절적 호재에 힘입어 사상 최고치를 기록했다. 하지만 비트코인과 금은 하락세를 보였다.

월요일 주목받은 주식: 카사바 사이언스, 줌, 콜스, 리비안 및 테슬라

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게임스탑(NYSE:GME), 소파이 테크놀로지스(NASDAQ:SOFI), 테슬라(NASDAQ:TSLA), 카사바 사이언스(NASDAQ:SAVA) 및 아나벡스 라이프 사이언스(NASDAQ:AVXL)는 금요일 스탁트위츠(Stocktwits)에서 가장 많이 언급된 상위 5개 종목이다. 무엇이 소매 투자자들의 주목을 받았는지 살펴보겠다.

금요일 상위 5개 트렌드 주식: 게임스탑, 소파이, 테슬라, 카사바 및 아나벡스에 대한 소식은?

Cassava Sciences Inc

Cassava Sciences Inc Warrants (15/11/2024)

SAVANNAH GOLDFIELDS LTD by SAVANNAH GOLDFIELDS LTD

SAVANNAH ENERGY PLC by Savannah Energy Plc

Savannah Energy PLC

SAVANNAH RESOURCES PLC by SAVANNAH RESOURCES PLC

Savannah Resources PLC

Savara Inc

Savaria Corp

Keybanc analyst Jackson Ader initiates coverage on Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) with a Overweight rating and announces Price Target of $210.

Price Target

Initiation

Analyst Ratings

Keybanc Initiates Coverage On Cloudflare with Overweight Rating, Announces Price Target of $210

Diana Shipping Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract&nbsp;with Stone Shipping Ltd, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate is US$9,000 per day for the first thirty-five (35) days of the charter period and US$10,100 per day for the balance period of the time charter, in each case minus a 5.00% commission paid to third parties, for a period until minimum June 15, 2026 up to maximum August 15, 2026. The charter is expected to commence on June 9, 2025.
The "Atalandi" is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014.
The employment of "Atalandi" is anticipated to generate approximately US$3.62 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Enters Into Time Charter Contract With Stone Shipping For Ice Class Panamax Dry Bulk Vessel, m/v Atalandi

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Keybanc analyst Thomas Blakey initiated coverage on Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) with an Overweight rating and announced a price target of $146. Twilio shares closed at $120.80 on Thursday. <a href="https://www.benzinga.com/quote/TWLO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>CICC analyst Sijie Lin initiated coverage on Chagee Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHA#NASDAQ">CHA</a>) with an Outperform rating and announced a price target of $41.5. Chagee shares closed at $31.66 on Thursday. <a href="https://www.benzinga.com/quote/CHA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson analyst Michael Shlisky initiated coverage on EVI Industries, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EVI#AMEX">EVI</a>) with a Buy rating and announced a price target of $28. EVI Industries Insurance shares closed at $19.52 on Thursday. <a href="https://www.benzinga.com/quote/EVI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst David Anderson initiated coverage on Solaris Energy Infrastructure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEI#NYSE">SEI</a>) with an Overweight rating and announced a price target of $42. Solaris Energy shares closed at $27.13 on Thursday. <a href="https://www.benzinga.com/quote/SEI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Trevor Allinson initiated coverage on QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) with an Outperform rating and announced a price target of $44. QXO shares closed at $16.75 on Thursday. <a href="https://www.benzinga.com/quote/QXO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TWLO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/TWLO/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06091738/image-97-1024x574.png" alt="" class="wp-image-941239" style="width:587px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06091738/image-97-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06091738/image-97-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06091738/image-97-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06091738/image-97.png 1115w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45789751/jim-cramer-likes-dominion-energy-but-isnt-a-fan-of-this-real-estate-stock">Jim Cramer Likes Dominion Energy, But Isn&#8217;t &#8216;A Fan&#8217; Of This Real Estate Stock</a> </li>
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Photo via Shutterstock

TWLO

This Twilio Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

JBDI

JBDI Holdings Regains Nasdaq Compliance After Meeting Minimum Bid Price Requirement

Keybanc analyst Eric Gonzalez maintains Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) with a Overweight and raises the price target from $220 to $230.

Keybanc Maintains Overweight on Darden Restaurants, Raises Price Target to $230

<ul>
<li>Robust proteinuria reduction and stable kidney function were maintained across a broad population of patients</li>
<li>No new safety signals were observed</li>
<li>New data presented at late-breaking session at the European Renal Association Congress</li>
<li>Marketing applications for EMPAVELI are under review with the FDA and EMA</li>
</ul>
WALTHAM, Mass. and STOCKHOLM, June 06, 2025 (GLOBE NEWSWIRE) -- Apellis Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) and Sobi&#xAE; (STO:SOBI) today presented new data from the open-label period of the Phase 3 VALIANT study, investigating EMPAVELI&#xAE; (pegcetacoplan) for C3 glomerulopathy (C3G) and primary immune complex membranoproliferative glomerulonephritis (IC-MPGN). The data were presented as part of a late-breaking session at the European Renal Association (ERA) Congress.
In the VALIANT study, EMPAVELI demonstrated a statistically significant 68% proteinuria reduction versus placebo at Week 26, which was sustained at one year. Additionally, patients treated with EMPAVELI continued to achieve stabilization of kidney function as measured by estimated glomerular filtration rate (eGFR).

APLS

Apellis Pharma Presents New Data From Open-Label Period Of Phase 3 VALIANT Study, Investigating EMPAVELI For C3 Glomerulopathy And Primary IC-MPGN, At ERA Congress

In an attempt to alleviate the impact of the U.S.-China trade war, Japan is reportedly set to propose a cooperation package to the U.S. at the upcoming tariff negotiations.
What Happened:&nbsp;&nbsp;Japan&#8217;s top trade negotiator,&nbsp;Ryosei Akazawa, is scheduled to&nbsp;present the U.S. with a&nbsp;cooperation package. The package will target supply chains for Chinese rare earths and U.S. liquefied natural gas (LNG), both of which have been affected by ongoing U.S.-China tensions,&nbsp;<a href="https://asia.nikkei.com/Economy/Trade-war/Trump-tariffs/Japan-to-propose-China-countermeasure-package-at-next-US-tariff-talks">reported</a>&nbsp;Nikkei Asia on Thursday.
China has limited exports of seven rare earth elements and stopped purchasing U.S. LNG. In response, Japan seeks to tackle these disruptions and redirect attention toward China—the main target of President Donald Trump&#8216;s tariffs—in an effort to gain concessions.
Akazawa&nbsp;left for the U.S. on&nbsp;Thursday to propose Japan&#8217;s cooperation regarding China issues at the upcoming negotiations. Japan has previously requested the U.S. to re-evaluate the additional tariffs imposed through four meetings, primarily focusing on securing critical materials essential for industrial activity.
Japan&#8217;s proposals include providing its strengths in processing, recycling, and reducing the usage of rare earths to the U.S. It is also considering expanding imports of U.S. LNG and purchasing semiconductor products worth billions of dollars from U.S. companies, including Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
SEE ALSO:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/06/45802964/sofi-technologies-stock-climbs-as-company-touts-strong-growth-at-investor-conference" target="_blank" rel="noreferrer noopener">SoFi Technologies Stock Climbs As Company Touts Strong Growth At Investor Conference</a>
Why It Matters: Japan&#8217;s move to propose a cooperation package comes after the country announced a significant economic stimulus package to counter the impact of heightened U.S. tariffs. The government allocated $6.3 billion for emergency economic measures, marking Japan&#8217;s first <a href="https://www.benzinga.com/news/25/05/45609927/trump-tariff-countermeasures-japan-to-reportedly-roll-out-6-3-billion-emergency-fund-stimulus-as-early-as-tuesday">fiscal response</a> to the trade duties imposed by President Trump.
Japan&#8217;s proposal to import nearly $7 billion worth of U.S.-made semiconductors could significantly benefit chipmakers like Nvidia and&nbsp;Advanced Micro Devices&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) amid ongoing <a href="https://www.benzinga.com/25/05/45636302/nvidia-amd-stand-to-gain-big-as-japan-proposes-about-7-billion-us-chip-deal-in-tariff-talks-report">trade negotiations </a>with the Trump administration.
Meanwhile, the U.S. Vehicle Suppliers Association has urged <a href="https://www.benzinga.com/markets/equities/25/06/45787521/us-auto-suppliers-urge-immediate-action-to-tackle-chinas-rare-earths-restrictions-amid-serious-real-time-risks">immediate measures</a> to address China&#8217;s limited rare earths exports, warning of potential disruptions in auto parts production.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45811290/doj-seeks-to-seize-7-7-million-in-bitcoin-ethereum-nfts-allegedly-laundered-by-north-korean-it-workers" target="_blank" rel="noreferrer noopener">DOJ Seeks To Seize $7.7 Million In Bitcoin, Ethereum, NFTs Allegedly Laundered By North Korean IT Workers &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Japan To Offer US Rare Earth, LNG Deal To Ease China Trade War Tensions At Tariff Talks: Report

Keybanc analyst Ashley Owens maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Overweight and lowers the price target from $400 to $350.

LULU

Keybanc Maintains Overweight on Lululemon Athletica, Lowers Price Target to $350

Financial personality Ramit Sethi regularly teaches people how to build rich lives, but it's not only about finances. While a high salary can make you happier, it's not the only piece of the puzzle. There's a growing trend of people who are living paycheck to paycheck despite earning $250,000 per year. However, there are also people who earn less than $100,000 per year who know how to manage their money.
Sethi encourages people to ask themselves one question that can <a href="https://x.com/ramit/status/1929584820729811336">help people live rich lives</a> and potentially keep costs low.
"Question the things you spend money on," Sethi explained.&nbsp;
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<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>. </li>
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You don't have to live like a pauper to become wealthy, but you also shouldn't spend money like it's water. This question allows people to arrive at a good middle ground and offers several lessons for people who want to improve their finances.
<h2 class="wp-block-heading">Do You Need A Lot Of Cars?</h2>
Sethi shared a thread in his X post that invited people to ask questions about how much they rely on cars. The financial personality invites people to wonder if owning fewer cars is a sign of more success.&nbsp;
Having fewer cars means lower monthly payments. Even when you pay off the auto loan, you still have to pay maintenance costs, auto insurance, and other expenses just to keep your car. The X thread also mentioned that a household can save $120,000 over a decade if you replace a car with an e-bike.
It's not practical for everyone to live without cars, especially for family road trips and rainy days. Most suburban families need cars to get around, but making yourself less dependent on these vehicles can be good for your health. You'll have to walk around more instead of sitting in your car as you go from place to place.&nbsp;&nbsp;
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Review Your Expenses</h2>
Sethi encourages people to focus on their housing costs before looking at the $5 cup of coffee. Auto expenses can also apply, but you should still review your recent bank and credit card statements to see where your money goes.
It's easy to make impulsive purchases, but when you review your expenses, you get to look at each item with hindsight. Ask yourself if each purchase made you happier or if it didn't make a difference in your life. Some people have unused subscriptions, while others have collected a lot of unnecessary items.
Checking your expenses can help you assess how you have spent your money and what changes you should make. Sethi believes you should continue buying a cup of coffee if it makes you happy and enhances your life. However, that same cup of coffee may not be good if it has been hurting your health and sleep.&nbsp;
See Also: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
<h2 class="wp-block-heading">Determine What You Want To Prioritize</h2>
Reviewing your expenses and questioning how you spend money can help you identify what you want to prioritize. Some people may want to cut out the $5 cup of coffee and similar expenses if it gives them more flexibility to travel the world.
Other people may not get much value out of traveling and may prefer to spend their money in other ways. Knowing what you want to prioritize also identifies the spending categories that aren't important. Anything that isn't a priority for your discretionary spending shouldn't make up a big portion of your budget.&nbsp;
Keeping most expenses away from your credit card allows you to focus on the few expense categories that bring you the most happiness.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

Personal Finance

Ramit Sethi Gives Advice For Anyone Who's Trying To Build A Rich Life: 'Question The Things You Spend Money On'

Keybanc analyst Eric Heath maintains Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) with a Overweight and raises the price target from $98 to $113.

RBRK

Keybanc Maintains Overweight on Rubrik, Raises Price Target to $113

SuperCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>),&nbsp;a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce it secured a new contract with an established Southeast-based service provider. The collaboration is expected to facilitate SuperCom's entrance into additional U.S. states, including Florida and Mississippi, through the provider's established presence and further accelerate the Company's nationwide expansion momentum. Through this partnership, SuperCom and this provider have already submitted a proposal to an RFP together.

SPCB

SuperCom Secures New Contract With Southeast-Based Service Provider To Boost U.S. Market Expansion

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<li>TSLA</li>
<li>LULU</li>
<li>GLD</li>
<li>UNH</li>
<li>BULL</li>
<li>RKLB</li>
<li>AVGO</li>
<li>HOOD</li>
<li>NVDA</li>
<li>PLTR</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

AVGO

BULL

HOOD

RKLB

Top 10 Trending Stocks On WallStreetBets As Of June 6, 2025 (Via Swaggy Stocks)

Keybanc analyst Noah Zatzkin maintains Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Overweight and lowers the price target from $40 to $37.

Keybanc Maintains Overweight on Winnebago Industries, Lowers Price Target to $37

Loop Capital analyst Alton Stump downgrades McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) from Buy to Hold and lowers the price target from $346 to $315.

Downgrades

Loop Capital Downgrades McDonald's to Hold, Lowers Price Target to $315

<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="1024" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06130643/Gemini_Generated_Image_h71hnhh71hnhh71h-1024x1024.jpg" alt="" class="wp-image-14021" style="width:920px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06130643/Gemini_Generated_Image_h71hnhh71hnhh71h-1024x1024.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06130643/Gemini_Generated_Image_h71hnhh71hnhh71h-300x300.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06130643/Gemini_Generated_Image_h71hnhh71hnhh71h-150x150.jpg 150w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06130643/Gemini_Generated_Image_h71hnhh71hnhh71h-768x768.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06130643/Gemini_Generated_Image_h71hnhh71hnhh71h.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
the image is generated by AI
Will crypto ever return to its community-first ideals? As banks and institutions gobble up Bitcoin and whales consolidate control over ETH supply, true believers might be forgiven for reminiscing.
<a href="https://aboutcircles.com/" target="_blank" rel="noreferrer noopener">Circles</a>&nbsp;(V1) began its life in 2020 as an experiment in decentralized, permissionless currency. The aim was to give the de-banked and financially marginalized universal basic access (UBA) to digital cash.
As an alternative to UBA leaders like centralized, biometrics-driven Worldcoin, it was laudable and intriguing. But the idea didn't catch fire.
Now Circles is back with V2, which the project says delivers better value and a stronger economic model.
At a low-key&nbsp;<a href="https://www.youtube.com/watch?v=BO0U_MNwUBo" target="_blank" rel="noreferrer noopener">launch event</a>&nbsp;in April, co-founder Martin Köppelmann noted that bringing V2 to life has been a decade-long journey.
"Circles is a big and radical idea. It poses the question, ‘How does money really work, and can we make it better?&#8221;
Because Bitcoin is still held by a fraction of the world's population, Köppelmann said its adoption curve means price rises mainly profit those who bought-in early. Circles V2, he said, aims to deliver crypto's benefits to the masses.
"We are trying to take the best of Bitcoin, its decentralization, but try to be radically fair in its distribution."
<h2 class="wp-block-heading">A Global Currency for a Globalized World</h2>
Circles V2 is part of Köppelmann's&nbsp;<a href="https://www.gnosis.io/" target="_blank" rel="noreferrer noopener">Gnosis Chain</a>&nbsp;project for an open and decentralized internet. At its core is a&nbsp;democratic money system&nbsp;that spreads financial gains widely.
Every Circles user can mint the same number of Circles (CRC) tokens for as long as they are active – one per hour.
That's very different from Bitcoin, where current holders are poised to benefit most. It also sets it apart from Worldcoin, which depends on&nbsp;biometrics&nbsp;and gives big investors a bigger stake. Circles is equitable and permissionless by design.
It's built on four core principles:
<ol class="wp-block-list">
<li>Access is universal&nbsp;– Anyone can join and mint CRC tokens; they simply have to be granted a ‘trust' rating by three current users. There are no special privileges for insiders or early adopters.</li>
<li>Issuance is distributed by design&nbsp;– Users can mint one CRC per hour, no more and no less. That ensures an equal and predictable pipeline of new money without insiders or early adopter advantages.</li>
<li>Incentivized circulation&nbsp;– An annual ‘demurrage' fee of 7% is applied to all balances to encourage spending over hoarding.</li>
<li>Social curation to resist manipulation or cyberattack&nbsp;– Circles ‘Rule of Trust' means users can only transact with those they have an established trust link with. That should make it harder for bots to operate.</li>
</ol>
V2 also aims to overcome two of the biggest complaints about V1, namely usability and liquidity. Circles' new Metri wallet offers an intuitive mobile-first interface akin to something like Safe (which it's based on) or Revolut.
<h2 class="wp-block-heading">How Does Circles Work?</h2>
Once inside, Circles users can make purchases, trade their CRC, and look for local groups to join. In the latest version, users can also back their minted CRC tokens with&nbsp;stablecoins&nbsp;using an&nbsp;automated market maker&nbsp;(AMM). This creates market-based price discovery for what was once a purely social currency.
Users can browse trust connections, join local groups, and spend or trade their CRC. One of the added features in V2 gives users the power to back their minted tokens with stablecoins using an automated market maker like Balancer. That elevates Circles from an experiment in social money to one offering the benefits of market-based pricing.
Yet the community-first ethos remains intact. Instead of going the Worldcoin route – using iris scans to validate profiles held on a centralized global database – Circles is designed to grow organically.
Transactions start with trust built on a web of social connections. At least three current users have to bestow their trust before a new user comes onboard.
<h2 class="wp-block-heading">Co-creating Crypto&#8217;s Future</h2>
With more than 100,000 accounts established on Circles V1, the barrier to entry should be reasonably low. V2 could attract users already networked to other serious crypto enthusiasts, favouring ‘quality' customers committed to the project's technical approach and local-first ethos.
If there's a wow factor in V2 it's arguably the Groups function. It brings together users with mutual interests and allows them to mint CRC jointly, coordinate spending, and establish shared rules.
Crucially, Groups can issue their own CRC sub-currencies, with rules and restrictions attached that delineate what they can be used for. The mini-currency just needs to be backed by a pool of CRC that the group agrees to set aside.
In practice, that could see a group's specified stock of Circles restricted to groceries only, or to specific vendors or marketplaces.
Unlike failed hyper-local currency experiments like Colu, which eventually&nbsp;<a href="https://en.globes.co.il/en/article-colu-abandons-blockchain-offers-to-repurchase-cln-tokens-1001297033" target="_blank" rel="noreferrer noopener">abandoned crypto completely</a>, Circles V2 isn't dependent on partnerships with independent shops and municipalities. The point is to generate a self-perpetuating network effect, rooted in mutual trust.
Circles is also free from set-asides for VCs or other investors. At the launch, Köppelmann said this is one of Circles' key differentiators:
"There is no protocol owner or insider group that gets 30% of the whole thing. That does not exist."
<h2 class="wp-block-heading">The Take Away</h2>
Circles has drawn kudos from the likes of Ethereum founder&nbsp;Vitalik Buterin&nbsp;and Uniswap's Hayden Adams. But can it work in practice? Many people conflate UBA with UBI (universal basic income). Free money for all with no strings attached might sound like a brilliant market penetration strategy, but that's not quite what Circles has in mind.
Will interest wane once people understand the specifics? Practical utility and the opportunity for gains surely need as much emphasis as equity and fairness.
Another lesson to be drawn from Colu's rapid rise and fall is the onslaught of regulatory actions it faced when it tried to launch multiple new digital currencies into multiple local jurisdictions.
Köppelmann has positioned Circles as Bitcoin's spiritual successor, minus the supply constraints. It remains to be seen if regulators will want to impose constraints of their own.

Opinion

Make Your Own Money? Circles Wants To Return Crypto To Its Egalitarian Beginnings

Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) reported better-than-expected second-quarter financial results after <a href="https://www.benzinga.com/quote/avgo/earnings">the market close on Thursday.</a>
Broadcom reported second-quarter revenue of $15 billion, beating analyst estimates of $14.99 billion, according to Benzinga Pro. The semiconductor company reported second-quarter adjusted earnings of $1.58 per share, beating analyst estimates of $1.56 per share.
"Q2 AI revenue grew 46% year-over-year to over $4.4 billion, driven by robust demand for AI networking. We expect growth in AI semiconductor revenue to accelerate to $5.1 billion in Q3, delivering ten consecutive quarters of growth, as our hyperscale partners continue to invest," said Hock Tan, president and CEO of Broadcom.
Broadcom expects third-quarter revenue of approximately $15.8 billion, versus estimates of $15.79 billion. The company anticipates third-quarter adjusted EBITDA of at least 66% of projected revenue.
Broadcom shares fell 0.4% to close at $259.93 on Thursday.
These analysts made changes to their price targets on Broadcom following earnings announcement.
<ul class="wp-block-list">
<li>Benchmark analyst Cody Acree maintained Broadcom with a Buy and raised the price target from $255 to $315.</li>
<li>Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $223 to $340.</li>
</ul>
Considering buying AVGO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="976" height="552" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06090630/image-96.png" alt="" class="wp-image-941226" style="width:583px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06090630/image-96.png 976w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06090630/image-96-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06090630/image-96-768x434.png 768w" sizes="(max-width: 976px) 100vw, 976px" /></figure>
Read This Next:<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45789751/jim-cramer-likes-dominion-energy-but-isnt-a-fan-of-this-real-estate-stock"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45789751/jim-cramer-likes-dominion-energy-but-isnt-a-fan-of-this-real-estate-stock">Jim Cramer Likes Dominion Energy, But Isn&#8217;t &#8216;A Fan&#8217; Of This Real Estate Stock</a> </li>
</ul>
Photo via Shutterstock

Earnings

Pre-Market Outlook

These Analysts Increase Their Forecasts On Broadcom After Upbeat Q2 Earnings

<a href="https://www.benzinga.com/news/politics/25/06/45808078/elon-musk-says-yes-to-impeaching-trump-replacing-him-with-jd-vance-amid-fierce-back-and-forth-over-big-beautiful-bill">The feud between</a> Elon Musk and Donald Trump has inspired meme coin called "Kill Big Beautiful Bill" launched on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), which has quickly surged to an eight figure valuation.
What Happened: The meme coin frenzy continues and this time, it&#8217;s fueled by a political spat. 
In the wake of Elon Musk's public criticism of Donald Trump's proposed "Big Beautiful Bill," the crypto community quickly minted a new Solana token titled Kill Big Beautiful Bill (KBBB). The coin's name riffs off Musk's "Kill Bill" poster meme <a href="https://x.com/elonmusk/status/1930338434415243739">posted</a> on X on June 5.
KBBB soared to a market cap of $53.1 million within nine hours, only to shed 30% of its value shortly after. On-chain watchdog Bubblemaps flagged concerning activity and urged traders to steer clear of the token.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Elon tweets Scammers bundle It&#39;s a story as old as time. Stay away from <a href="https://twitter.com/search?q=%24KBBB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$KBBB</a> <a href="https://t.co/kcb5rxWcQq">pic.twitter.com/kcb5rxWcQq</a>
&mdash; Bubblemaps (@bubblemaps) <a href="https://twitter.com/bubblemaps/status/1930623141358842357?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to DexScreener, one top trader <a href="https://dexscreener.com/solana/ef7wurbarrxhnmmgbs8cstskzrttnstjmsniaq7zmp6j">made</a> $94,200 in gains off a $91,200 buy-in, while still holding $123,600 worth of tokens. Another early investor turned $4,599 into $59,700, exiting entirely before the dump.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45775027/pump-funs-1b-token-plan-risks-undermining-solana-defi-fueling-meme-coin-scams-experts-warn">Pump.fun&#8217;s $1B Token Plan Risks Undermining Solana DeFi, Fueling Meme Coin Scams, Experts Warn</a>
Why It Matters: Musk called the bill a &#8220;debt slavery bill&#8221; in a separate X <a href="https://x.com/elonmusk/status/1930390978436968869">post</a>, slamming it as the largest debt ceiling hike in U.S. history. 
He warned it could &#8220;bankrupt America&#8221; and should be &#8220;killed.&#8221; The crypto community, often quick to react to Musk's commentary, took this as a green light for meme coin creation.
Jeff Park, Head of Alpha Strategies at BitwiseInvest, <a href="https://x.com/dgt10011/status/1930338345772560673">chimed</a> in with a meme of Musk photoshopped into Uma Thurman&#8217;s Kill Bill outfit, captioned "Kill The Bill."
But while KBBB offered short-lived thrills for fast movers, more established meme coins like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) took a hit, falling over 6% in a single day, despite Musk's usual influence on DOGE-related sentiment.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45616666/dogecoin-shiba-inu-and-other-meme-coins-are-entry-points-to-crypto-ecosystem-report">Dogecoin, Shiba Inu And Other Meme Coins Are Entry Points To Crypto Ecosystem: Report</a></li>
</ul>
Image: Shutterstock

$DOGE

$SOL

Trump-Musk Infight Sparks $50 Million 'Kill Big Beautiful Bill' Meme Coin, But On-Chain Experts Warn To Steer Clear Of It

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">211.620</td>
<td align="right">2.170</td>
<td align="right">1.03</td>
<td>9.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">103.350</td>
<td align="right">0.950</td>
<td align="right">0.92</td>
<td>216</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">238.060</td>
<td align="right">1.930</td>
<td align="right">0.81</td>
<td>18.9K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">51.060</td>
<td align="right">0.410</td>
<td align="right">0.80</td>
<td>156.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">144.660</td>
<td align="right">0.940</td>
<td align="right">0.65</td>
<td>5.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">82.370</td>
<td align="right">0.500</td>
<td align="right">0.61</td>
<td>6.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">133.840</td>
<td align="right">0.730</td>
<td align="right">0.54</td>
<td>25.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">41.979</td>
<td align="right">0.219</td>
<td align="right">0.52</td>
<td>535</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">87.900</td>
<td align="right">0.350</td>
<td align="right">0.39</td>
<td>110</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">81.120</td>
<td align="right">0.290</td>
<td align="right">0.35</td>
<td>15.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">81.550</td>
<td align="right">0.120</td>
<td align="right">0.14</td>
<td>6.2K</td>
</tr>
</tbody>
</table>
No loser in today's Pre-market session. 
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Sector ETFs

ETFs

XLRE

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For June 6, 2025

WIIM

ARAY

Accuray shares are trading lower after the company announced a convertible notes exchange and refinancing of its existing credit facilities.

Barclays analyst Jeffrey Bernstein initiates coverage on Sweetgreen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>) with a Equal-Weight rating and announces Price Target of $16.

Barclays Initiates Coverage On Sweetgreen with Equal-Weight Rating, Announces Price Target of $16

Press Releases

SAVA DEADLINE TOMORROW: ROSEN, A LEADING LAW FIRM, Encourages Cassava Sciences, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important February 10 Deadline in Securities Class Action – SAVA

Cassava Sciences, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before February 10, 2025 to Discuss Your Rights - SAVA

Legal

Cassava Sciences, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – SAVA

SAVA Deadline Today: SAVA Investors Have Opportunity to Lead Cassava Sciences, Inc. Securities Fraud Lawsuit

Cassava Sciences Licenses Simufilam Method of Treatment Patent

Cassava Sciences Reports 2024 Financial Results and Provides Business Update

Health Care

Cassava Sciences Reports Topline Phase 3 REFOCUS-ALZ Data

Management

Cassava Announces Retirement of Chief Medical Officer, Dr. Jim Kupiec, and Appointment of Dr. Jack Moore as Senior Vice President, Clinical Development

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