The cryptocurrency market in the U.S. is heating up, with Bitcoin futures listed on the Nasdaq breaking historical highs, significantly boosting related 'crypto stocks.' Stocks of stablecoin issuers like PayPal (which launched PYUSD) are attracting market attention, as their move into stablecoins is seen as an important endorsement for the industry from traditional financial giants. The stock price of leading cryptocurrency exchange Coinbase has surged significantly, benefiting directly from the increase in trading volume and institutional inflows brought about by the rise in Bitcoin prices, as it serves as a major custodian and trading platform for Bitcoin spot ETFs. Overall market sentiment is high, with traditional financial institutions accelerating their entry through compliant products (such as Bitcoin ETFs and futures), driving the prices of Bitcoin and related U.S. stocks to strengthen together, reflecting the deepening integration of cryptocurrency with traditional financial markets and investors' optimistic expectations for the industry's future.