$USDC (COIN) stock jumped ~16–17% following the bill’s pas | Makki113 on Binance Square

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$USDC  (COIN) stock jumped ~16–17% following the bill’s passage and announcement of a new Coinbase Payments feature enabling USDC payments on Shopify  .
Circle (CRCL), co‑issuer of USDC, surged up to ~27% since its June 5 IPO and added ~20% more on the news as traders saw increased legitimacy for USDC  .

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#CryptoStocks "Crypto stocks" refer to publicly traded shares of companies that are either directly involved in the cryptocurrency industry or heavily influenced by the performance of digital assets like BTC, ETH, etc. 🔍 Categories of Crypto Stocks Here are the main types of crypto-related stocks: --- 1. Crypto Mining Companies These companies run large-scale operations to mine cryptocurrencies like Bitcoin. Examples: Marathon Digital Holdings (MARA) Riot Platforms (RIOT) Hut 8 Mining (HUT) --- 2. Crypto Exchanges and Brokerages These are platforms where users buy, sell, and trade crypto. Examples: Coinbase (COIN) – A major US-based crypto exchange Robinhood (HOOD) – Offers crypto trading along with stocks --- 3. Blockchain Technology Companies These companies develop blockchain-based tech or services. Examples: Block Inc. (SQ) – Formerly Square, supports Bitcoin through its Cash App IBM – Invested in enterprise blockchain solutions --- 4. Companies Holding Crypto on Their Balance Sheet These companies hold significant amounts of cryptocurrency, especially Bitcoin. Examples: MicroStrategy (MSTR) – Holds billions in Bitcoin Tesla (TSLA) – Previously held Bitcoin on its books --- 5. Crypto ETFs (Indirect Exposure) Exchange-traded funds that invest in a basket of crypto-related assets or companies. Examples: ProShares Bitcoin Strategy ETF (BITO) Valkyrie Bitcoin Miners ETF (WGMI) --- 🧠 Why Invest in Crypto Stocks? Indirect crypto exposure without owning digital assets directly Regulated markets (unlike many crypto tokens) Diversification – Exposure to crypto + company performance --- ⚠️ Risks Volatile, like cryptocurrencies Regulatory uncertainty Tied to Bitcoin’s price even if the company is profitable

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#MyTradingStyle Bitcoin and Ethereum Spot Volumes Surge: Following Bitcoin's climb past $100K earlier this month, spot volumes on major exchanges like Binance, Coinbase, and OKX have increased significantly, especially in BTC/USDT and ETH/USDT pairs. Traders are capitalizing on short-term price swings with more liquidity than recent months. Altcoin Spot Activity Up: Coins like SOL, TON, and ADA have seen increased spot trading interest due to recent ecosystem updates and ETF speculation. TON especially saw a spike after integrations with Telegram ramped up user activity. --- 🔹 Exchange Updates Impacting Spot Trading Binance Spot Grid and TWAP Tools Enhanced: Binance has rolled out enhanced TWAP (Time-Weighted Average Price) order types and improved grid bot customization, making spot trading more flexible for retail traders. Coinbase Advanced Trading now features real-time depth chart manipulation, helping spot traders better visualize market sentiment for entries/exits. Bybit & KuCoin are promoting spot trading with zero-fee campaigns on selected trading pairs—these promos are boosting short-term volumes. --- 🔹 Regulatory News Affecting Spot Traders US SEC Softens Tone on Spot Markets: The recent approval of several spot Ethereum ETFs suggests a more favorable regulatory environment for spot trading markets in the U.S. Asia-Pacific Growth: Countries like Hong Kong and Singapore are pushing forward clearer spot crypto trading frameworks, encouraging institutional and retail participants to engage in regulated spot trading.

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$USDC Circle, the issuer of USDC, debuted on the NYSE on June 5, 2025, under ticker CRCL. Its stock soared by ~168% on day one, closing at $83.23—well above its $31 IPO price . The listing raised roughly $1.1 billion, valuing Circle at $6.9 billion ($18B market cap at peak); its 2024 revenue was $1.7 billion—driven by interest income from USDC reserves . Analysts caution: upcoming Fed rate cuts in late 2025 could reduce reserve yields and put pressure on Circle unless adoption rises . --- 🌐 Technological Expansion & Usage USDC launched natively on Ripple's XRP Ledger (XRPL) on June 12, enabling faster, on-chain transfers via auto-bridging and broader institutional use . Circle also announced grants to five African blockchain projects in its latest USDC Developer Grant round—highlighting a global adoption push . --- 📊 Market Metrics & Stability Market cap stands around $61 billion, keeping USDC the 2nd-largest stablecoin after Tether (USDT at ~$155 billion) . Circulating supply is ~61.5 billion tokens, with price stable at $0.9999–$1.00 . On-chain data shows exchange inflows for USDC (and USDT) have dropped suddenly—down ~$61 billion, a potential indicator of reduced trading activity or capital redeployment . S&P analysts note that while Circle's IPO doesn’t affect USDC's stability rating, regulatory reforms (like GENIUS) could clarify protections if Circle were ever to go bankrupt .

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#GENIUSActPass 🏛️ Senate Passage (June 17, 2025) The U.S. Senate passed the GENIUS Act—short for Guiding and Establishing National Innovation for U.S. Stablecoins—by a 68–30 bipartisan vote . Senate Banking Committee Chair Tim Scott (R‑SC), co‑sponsor of the bill, called it a “historic win” as the first federal stablecoin regulation . Tennessee Senator Bill Hagerty, sponsor of the act, emphasized that the bill puts the U.S. “one step closer to becoming the global leader in crypto” . --- ⚖️ Key Provisions & Controversies Aims to create the first comprehensive federal framework for stablecoins, with oversight of backing, audits, and AML requirements . Mandates stablecoins be backed by safe, liquid assets (e.g., U.S. Treasuries) and permits banks to issue them . Bans lawmakers and their families from profiting off stablecoins—but notably excludes the President and their family, leading to criticism . Sparked partisan concerns over President Trump’s crypto ties, especially the USD1 stablecoin and meme-coin ventures . Although most Democrats supported, several opposed due to insufficient anti‑corruption measures and conflict‑of‑interest loopholes .

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#FOMCMeeting Expectation: The Federal Reserve is widely anticipated to keep the federal funds rate unchanged at 4.25%–4.50%, with markets pricing a nearly 100% chance of no rate cut this week . CME FedWatch: Signals stable policy through July, with the first likely rate reduction in September—about a 60–62% probability . Dot‑plot outlook: FOMC’s Summary of Economic Projections (SEP) may shift from two rate cuts to just one in 2025 amid persistent economic and geopolitical uncertainty .

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