Circle Internet Group ($CRCL) shares staged a modest rebound after a sharp sell-off early this week wiped roughly $5 billion from the company's market capitalization, as investors weighed fresh U.S. regulatory headlines against an intensifying debate over the stablecoin issuer's valuation and long-term earnings power. The stock slid about 20% from Monday's high, falling from $126.64 to an intraday low of $101.17 on March 24 (UTC), before recovering toward the $104 level at the next open.