#CryptoStocks
Coinbase (COIN) surged ~16 % after the U.S. Senate passed the GENIUS Act, which creates a clear regulatory framework for stablecoins—including full reserves, audits, and AML controls—while launching Coinbase Payments for USDC integration on Shopify . The move not only boosted Coinbase stock to around $295–$297 but also rebounded traditional crypto optimism. Meanwhile, the broader crypto market is slightly down: Bitcoin remains near $104–105 K and Ethereum trades around $2,520, dipping ~0.5 % intraday . At the macro level, fresh geopolitical tensions and uncertainty around Federal Reserve signals are keeping markets cautious, even as crypto holds its ground . Younger investors are diversifying into both crypto and gold amid inflation fears, indicating sustained interest in digital assets . Overall, today’s landscape blends legislative tailwinds for crypto infrastructure with moderate price volatility—underscoring renewed momentum for #crypto innovation.
