The stablecoin issuer Circle (CRCL) has seen a 700% increase in stock price within three weeks of its listing, surpassing $214, becoming the market focus. Tron has landed on NASDAQ through a reverse merger, with its associated company SRM Entertainment skyrocketing by 526% in a single day, raising its market value to $158 million.

Policy support has boosted industry enthusiasm, as the U.S. "GENIUS Act" has passed Senate review, providing a federal regulatory framework for stablecoins and stimulating related stocks to rise. MicroStrategy (now renamed Strategy), as a leader in Bitcoin reserves, has exceeded a market value of $100 billion, prompting over 30 small and mid-cap companies to imitate the "crypto treasury" strategy.