Crypto markets weather heightened volatility as Circle shares leap on legislative success and the Federal Reserve signals a patient approach amid ongoing macro uncertainty. Meanwhile, Trump pushes for deeper crypto adoption, and key players launch new products, reshaping the industry landscape.
Circle, the company behind the USDC stablecoin, saw its stock rise sharply after the U.S. House passed the GENIUS Act. This bill, championed by several crypto advocates and with the vocal support of former President Donald Trump, is poised to fuel innovation in the digital asset sector. Trump publicly encouraged swift passage of the act, reiterating his belief that cryptocurrency represents the economy of the future and affirming his commitment to American leadership in this space. At the same time, Ohio took a progressive step by exempting bitcoin payments under $200 from state taxes, further laying the groundwork for mainstream crypto transactions.
Persistent turbulence was felt across digital asset prices as Israel-Iran tensions escalated, sending ripples through both crypto and macro markets. In response, the Federal Reserve adopted a cautious ‘wait-and-see’ approach following the latest FOMC meeting, signaling policymakers’ intent to closely monitor the evolving risk landscape before making any significant moves. Industry giants like Coinbase and brokerage platforms such as FalconX are taking advantage of the shifting environment: Coinbase introduced ‘Coinbase Payments’ and expanded stablecoin collateral options, while FalconX entered IPO discussions. The recent rise in stablecoin market capitalization, which has surpassed $250 billion, underscores the expanding utility and investor confidence in these instruments during periods of uncertainty.
The industry is experiencing a wave of new product launches and capital inflows. Notably, Lion Group has attracted $600 million to bolster its HYPE treasury, and Jump Trading is set to re-enter the crypto space. Further evidence of institutional involvement includes CryptoCom and Deribit’s plans to accept BUIDL as collateral and SOL Strategies’ upcoming U.S. public offering. Meanwhile, the debut of Canada’s first spot XRP ETF represents a milestone for mainstream crypto investment vehicles in North America.
The combination of supportive regulation, innovative product releases, and strong institutional momentum is reshaping the digital asset landscape. As volatility continues amid global tensions, investors and policymakers alike appear to be laying the groundwork for a more robust and accessible crypto market. All eyes remain on the next wave of initiatives as the sector positions itself for further growth and evolution.
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