$USDC June 18, Coinbase soared over 16%, climbing past its $277 buy point to around $295–297 per share, fuelled by two big wins: the U.S. Senate’s passage of the bipartisan GENIUS Act for stablecoin regulation and Coinbase’s launch of “Coinbase Payments,” enabling USDC stablecoin transactions on Shopify . Meanwhile, Circle, co‑issuer of USDC, surged about 16% after its NYSE debut shot the stock up ~238%, then rallied further following the GENIUS Act .

Despite this stablecoin breakthrough, Bitcoin largely held steady around $105K amid geopolitical tensions in the Middle East and a watchful eye on upcoming U.S. Fed interest‑rate signals .

In other news, Crypto tycoon Justin Sun’s Tron Group will go public via a reverse merger with SRM Entertainment, sending SRM’s stock up over 500% . Also, Coinbase is pursuing SEC approval to offer tokenized U.S. equities on‑chain, a move that could redefine trading logistics .

Together, these developments signal a major turning point: stablecoin regulation, exchange innovation, tokenized equities, and crypto IPOs are reshaping crypto finance.