Bitcoin continues to make headlines as it recently crossed the 118,000 USDT threshold, despite a minor 1.05% decline in the last day. This surge comes amid a transformative period for the cryptocurrency landscape, particularly with the rise of Bitcoin ETFs, which have seen significant institutional adoption. The approval of these ETFs has led to a notable decrease in Bitcoin self-custody, with active addresses dropping sharply. Meanwhile, the recent enactment of the GENIUS bill in the U.S. is expected to shift demand towards Ethereum and DeFi platforms, as it prohibits yield-bearing stablecoins. This legislation could drive more investors to seek passive income through Ethereum-based solutions. Additionally, Block's stock surged over 11% following its inclusion in the S&P 500, reflecting growing institutional interest in cryptocurrency-related companies. Lastly, Cantor Fitzgerald's SPAC unit is making moves with its fifth IPO filing, indicating ongoing investment activity in the crypto space. Together, these developments highlight a dynamic and evolving cryptocurrency market, characterized by increasing institutional engagement and regulatory changes.