Cryptocurrency concept stocks fell broadly, with Coinbase, Riot Blockchain, and others dropping between 1% to 3%, which may reflect short-term market fluctuations. Result 2 indicates that Trump's media Bitcoin "treasury transaction" is effective, which may stimulate cryptocurrency-related U.S. stocks, such as companies involved in Bitcoin business. This shows the impact of policy events on stock prices.
Result 9 analyzes the rise logic of stablecoin company Circle in detail, mentioning that it issues stablecoins to purchase U.S. government bonds, then uses those bonds as collateral to continue issuing stablecoins, creating a leverage effect that drives up stock prices. It also mentions Coinbase's application to digitize U.S. stocks, allowing 24-hour trading, which may promote the rise of related stocks. Results 14 and 45 both mention Circle's stock soaring 168% on its first day of trading, becoming the "first stablecoin stock," showing the market's enthusiasm for this type of concept.