US crypto stocks are moving sharply this week, with Circle (CRCL), GameStop (GME), and Coinbase (COIN) all making headlines.

CRCL jumped over 10% after expanding USDC to World Chain, but now faces key resistance at $123.

Crypto US stocks are moving sharply this week, with Circle (CRCL), GameStop (GME), and Coinbase (COIN) all making headlines.

CRCL shares surged over 10% after expanding USDC to World Chain, but now faces key resistance at $123.

GME is reporting weak earnings and announcing a $1.75 billion convertible note offering, while COIN shares are making political strategy shifts and testing support at $240.

Circle Internet Group Inc (NYSE:CRCL) shares rose sharply on Wednesday after USDC announced that it has expanded natively to Sam Altman’s World Chain.

The move follows a strong IPO last week, where Circle managed to raise $1.1 billion and saw its stock price surge nearly 280%.

Technically, CRCL closed yesterday at $116.33, showing an increase of over 10.6% and displaying strong buying strength. However, the stock is trading 2% lower in the pre-market.

Recently, CRCL failed to break above two resistance levels at $118.95 and $123. If these levels are tested again and broken, and the current momentum continues, CRCL could aim for a retest of its high at $138.57.

However, if the $106.30 support is breached, the stock risks sliding toward $101.51.

GameStop Corp (NYSE:GME) reported a 17% year-over-year revenue decline in Q1 as the shift toward digital downloads continues to erode its brick-and-mortar business.

Despite efforts to expand e-commerce and streamline operations, hardware and accessories sales dropped by 32%, and store closures are rolling into 2025 following nearly 600 shutdowns last year. The company posted a net profit of $44.8 million—boosted by cost cuts and the sale of its Canadian subsidiary—but still reported a $10.8 million operating loss due to restructuring charges.

In a separate announcement, GameStop plans to raise $1.75 billion through zero-interest convertible notes due in 2032, tapping into its strong liquidity position to fund new investments and potential acquisitions. The company also disclosed an investment in Bitcoin (CRYPTO: BTC), showcasing its interest in crypto despite recent setbacks in its own endeavors.

GME shares closed yesterday down 5.31% and are now down another 16% in pre-market trading. The stock is now hovering just above a key support level around $28.35; if that level fails, it could quickly slide to $25.69, with further downside risk toward $23.

A confirmed open below $24 would indicate that bearish sentiment is accelerating, potentially triggering another wave of selling pressure. It remains to be seen whether the convertible note offering and Bitcoin investment can help stabilize investor confidence amid the growing volatility.

Coinbase Global Inc (NASDAQ:COIN) has expanded its political advisory council with the addition of David Plouffe, a top Democratic strategist known for leading Barack Obama’s 2008 presidential campaign and advising Kamala Harris in the 2024 election.

Plouffe joins a bipartisan group of figures, including former Trump campaign manager Chris LaCivita and ex-Senator Kyrsten Sinema, as Coinbase seeks to boost its presence and influence in shaping U.S. crypto regulation.

COIN closed yesterday down 1.62% and is down another 2% in pre-market trading. The stock is currently near a key support level around $240.

If it manages to hold that support and reclaim resistance at $257, an uptrend could take COIN back toward the $270 level. However, failure to hold above $240 could trigger additional downside pressure in the short term.