#CryptoStocks

Crypto Market News

- Bitcoin: Bitcoin price trajectory is expected to benefit from macroeconomic and crypto derivatives trends, with some analysts predicting a potential surge to $106,000. Bitcoin ETFs have recorded an 8-day inflow streak despite Middle East tensions.

- Stablecoin Legislation: The GENIUS Act has passed the Senate, paving the way for a potential $239 billion stablecoin expansion. US President Donald Trump has urged lawmakers to send the bill to his desk "ASAP".

- Crypto Adoption: A Pacific nation, Nauru, has passed a law to establish a crypto regulator, while Ohio has passed a bill allowing up to $200 tax-free crypto payments.

Crypto Stocks and ETFs

- Sol Strategies: A Solana treasury firm with 420,000 SOL has filed with the US SEC to list on the Nasdaq exchange. Solana treasury assets are expected to outperform Ethereum and Bitcoin, according to Cantor Fitzgerald.

- Coinbase and Circle: Coinbase and Circle stocks have surged on new legislation, indicating growing interest in stablecoins.

- US Bitcoin ETFs: BlackRock's Bitcoin ETF inflows have reached $50 billion, with IBIT shares jumping 4%.

Regulatory Updates

- South Korea🇰🇷: South Korea is investigating fees of local crypto exchanges, with the newly elected president promising to reduce crypto trading transaction costs.

- US 🇱🇷: The US Department of Justice has seized $225 million in a major crypto scam bust, targeting over 400 victims .