$USDC Focal point in the US market
• Coinbase (COIN) surged ~17% in yesterday's session, reaching around $297, after the US Senate passed the GENIUS Act – a regulatory framework for stablecoins. Coinbase directly benefits from the operating fees of the USDC stablecoin.
• Circle (CRCL) – the issuer of USDC – also skyrocketed immediately upon IPO, increasing up to 238% on the first day and maintaining a +120% increase over the past month.
• Bitcoin mining companies like Marathon (MARA), Riot (RIOT), and CleanSpark (CLSK) all saw good increases thanks to positive mining production reports for May: MARA rose ~7%, while Riot and CleanSpark also recorded significant gains.
Additionally, the wave of companies accumulating Bitcoin for their treasury, such as MicroStrategy, continues to attract strong attention. MicroStrategy currently holds over 582,000 BTC, and its stock has increased more than 3,000% over the past 5 years.