$USDC Focus on the US market

• Coinbase (COIN) surged ~17% in yesterday's session, reaching about $297, after the US Senate passed the GENIUS Act – a regulatory framework for stablecoins. Coinbase directly benefited from the operational fees of the USDC stablecoin.

• Circle (CRCL) – the issuer of USDC – also exploded right after its IPO, soaring up to 238% on the first day and maintaining a +120% increase over the past month.

• Bitcoin mining companies like Marathon (MARA), Riot (RIOT), and CleanSpark (CLSK) all saw good gains thanks to positive May mining output reports: MARA rose ~7%, and Riot and CleanSpark also recorded significant increases.

In addition, the wave of companies accumulating Bitcoin for treasury such as MicroStrategy continues to attract strong attention. MicroStrategy currently holds over 582,000 BTC, and its stock has increased more than 3,000% over the past 5 years.