#CryptoStocks U.S. crypto-related stocks rallied after the Senate approved the GENIUS Act, which lays out a regulatory framework for stablecoins. Coinbase (COIN) jumped 17%, buoyed by growing optimism and a 16% intraday gain driven by its USDC-related revenue. Circle (CRCL) surged 34%, now up 400% since its June IPO, thanks to strong USDC adoption. Galaxy Digital (GLXY) also gained, supported by positive ecosystem developments and strong buying interest. Metaplanet (MTPLF) reached a 12-year high, while MicroStrategy (MSTR) continued to benefit from its Bitcoin holdings. Despite the rally, geopolitical risks and possible delays in the House vote could fuel further volatility. Analysts remain bullish on stablecoin adoption as a long-term catalyst for Bitcoin, though caution is advised amid ongoing regulatory and market uncertainty.
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