In the week of #美国加密周 , the US cryptocurrency market is booming, with Bitcoin futures listed on NASDAQ breaking historical highs, significantly boosting related "coin stocks". Stablecoin issuers' concept stocks, such as PayPal (which launched PYUSD), have attracted market attention, as their move into stablecoins is seen as an important endorsement from a traditional financial giant. The stock price of leading cryptocurrency exchange Coinbase has sharply risen, as it acts as the main custodian and trading platform for Bitcoin spot ETFs, directly benefiting from the surge in trading volume and institutional fund inflow due to the rise in Bitcoin. Overall market sentiment is high, with traditional financial institutions accelerating their entry through compliant products (such as Bitcoin ETFs and futures), driving Bitcoin prices and related US stocks to strengthen together, reflecting the deepening integration of cryptocurrency with traditional financial markets and investors' optimistic expectations for the industry's outlook.