Circle, BitMine, and Coinbase Lead Crypto Stock Watchlist in October

October's top crypto stocks to watch include Circle, BitMine, and Coinbase, with Circle's Arc layer-1 network and the US bond yields surge taking center stage.

Circle Internet Group's Arc has seen a total value locked (TVL) of over $500 million and a stablecoin supply of over $550 million since its launch, with investors watching for signs of growth as it establishes a new revenue stream for the company.

Circle will also be in focus due to the ongoing US bond yields surge, with the 10-year bond jumping to 5.2% and the 3-month bonds yielding over 4.2%.

BitMine's Ethereum buying is nearing completion, with the company holding over 6 million ETH tokens, equivalent to 4.9% of the tokens in circulation.

BitMine needs to buy just a few more tokens to reach the 'Alchemy of 5%' milestone, which will help the company stop diluting its shareholders and start generating a monthly return.

Coinbase is also in focus ahead of its earnings report on October 29, with the company expected to show some improvement due to the recent crypto rally.