Yueqi Yang / The Information:
Circle reports Q3 revenue up 17% YoY to $875M, driven in part by its ARC token presales, net income up 5% to $226M, and says it is cutting 5% of its employees  —  Stablecoin issuer Circle reported third-quarter revenue jumped 17% to $875 million, reflecting mostly a one-time bump from a token sale.