Circle Internet Group, Inc. CRCL, the issuer behind the USD Coin USDC/USD stablecoin, has stunned Wall Street with a meteoric 540% surge since its IPO on June 5. The stock closed at $199.59 on Wednesday, propelling Circle's valuation to nearly $50 billion. What To Know: Circle's explosive rally gained more momentum Wednesday after the U.S. Senate's passage of the GENIUS Act, a landmark bill that would formally regulate dollar-backed stablecoins and integrate them into the U.S. financial system. Read Next: S ...

Core Insights - PayPal's shares have declined nearly 17% year-to-date in 2025, indicating a challenging first half for the financial technology company [1] Company Performance - The decline in PayPal's stock price is attributed to the rise of stablecoins, which may be impacting its market position [1] Investment Focus - The analysis emphasizes a focus on 20th-century stocks undergoing transformation in the 21st century, highlighting the potential for significant changes in stock performance due to innovative business models [1]

Shares of Coinbase Global surged to lead S&P 500 gainers Wednesday, a day after the Senate passed the GENIUS Act to set up federal boundaries for the use of stablecoins. https://t.co/SyO7UkWQJ8 ...

Welcome to Bankless, where we explore the frontier of stable coins. On today's episode, the Genius Bill just passed in the Senate. David and I have Senator Bill Hagerty. He's one of the co-authors of the bill. He's on the episode today. David, what' you think? Yeah, Bill is uh he's bullish. Uh he he also shared with us a story of his first interaction with crypto and illicit payments and that was his first impression about crypto like way back I think it was in like 2018 2019 when he told that story it was ...

Shares of Circle Internet Group (CRCL 33.92%) soared today, finishing the day up 33.9%. The spike came as the S&P 500 (^GSPC -0.03%) and Nasdaq Composite (^IXIC 0.13%) were relatively flat.The U.S. Senate passed the GENIUS Act, a landmark bill that would create a federal regulatory framework for stablecoins like Circle's USDC.Big news for stablecoinsWhile the bill still needs to clear the House of Representatives, the passage of the GENIUS Act through the Senate marks a major step toward integrating stablec ...

The crypto industry getting a major leg legislative win uh after the Senate passed the Genius Act uh last night. Mackenzie Sagalis is here at Post 9 and can give us some of the details. McKenzie, hey, good morning, David.You've got Bitcoin down 4% over the past week, now trading just below $15,000. Ether has lost nearly 10% in that same stretch. The drop comes as ETF inflows cool, the dollar gain strength, and traders await today's Fed decision on interest rates, all of which are adding pressure to those ri ...

Regulatory Framework & Market Impact - The US Senate passed the Genius Act, establishing a regulatory framework for stablecoins, potentially integrating trillions of USD into the crypto market [2] - The Genius Act aims to establish a progrowth regulatory framework for payment stablecoins, potentially solidifying US dollar dominance [4] - The Act mandates one-to-one backing of stablecoins with cash and short-term US treasuries [5] - Stablecoin issuers could become the world's largest holders of US treasuries by 2030, enhancing fiscal resilience and USD dominance [8] Compliance & Operational Standards - Stablecoin issuance is restricted to insured depositories, federal/state qualified issuers, requiring adherence to reserve requirements and integrity standards [9][10] - Reserves must be backed one-to-one by Federal Reserve balances, cash, demand deposits, or treasury instruments, with rehypothecation generally banned [10][11] - Issuers must have clear redemption procedures, publish monthly audited reserve reports, and annual independent audits, while not marketing stablecoins as legal tender or FDIC insured [12][13] - Custody of reserves and private keys must be held by FDIC/NCUA banks, OCC charter trust banks, or federally supervised custodians, subject to recurring audits [13] - Issuers and custodians must comply with anti-money laundering regulations, including the ability to freeze tokens on lawful order, with the Treasury potentially blocking non-compliant foreign stablecoins [14] Market Trends & Opportunities - Coinbase is seeking SEC approval for tokenized equities, indicating a convergence of traditional finance (Web 2) and crypto (Web 3) [18][19] - JP Morgan partnered with Coinbase-backed Ethereum L2 base to launch JPMDcoin, a USD deposit token for institutional clients, signaling Ethereum adoption [22] - Bitcoin represents 1.3% of global money, indicating substantial upside potential compared to the traditional financial system [21]

Bitcoin lower uh this morning. It's pretty much flat over the past month, but still up 25% in the past three months. Joining us now on what he's watching in crypto, Eric Golden, Canopy Capital, the founder and CEO.Eric, good morning. You're you're a bond guy. You're at Fidelity for years and years, built a pretty uh large business there, and decided to go uh into crypto.Does that mean, do you think crypto someday becomes like a reserve currency. Joe, uh, thanks for having me back. Um, yeah, I think as a fix ...

Core Insights - SRM Entertainment, Inc. has entered into a Securities Purchase Agreement for a $100,000,000 equity investment to initiate a TRON Token Treasury Strategy, with Justin Sun as an advisor [1][4] - The investment will involve issuing 100,000 shares of Series B Convertible Preferred Stock, convertible into 200 million shares of common stock at a price of $0.50 per share, along with 220 million warrants [2] - The strategic investment is valued at $210,000,000 upon full exercise of the warrants, aimed at creating long-term value for shareholders through blockchain adoption [4] Company Overview - SRM Entertainment designs and manufactures custom merchandise for major theme parks and entertainment venues, distributing products worldwide [9] - The company is associated with multi-billion-dollar entertainment franchises featured in popular media [9] TRON Blockchain Overview - TRON is a decentralized blockchain founded in 2017, supporting smart contracts and decentralized applications, known for lower fees and faster transaction times compared to Bitcoin and Ethereum [10] - As of June 15, 2025, TRON hosts approximately 78.7 billion in US dollar stablecoins [10] - TRON aims to be the preferred protocol for on-chain settlement, with over 310 million international user accounts and average daily transactions exceeding $20 billion [5][6]

Infrastructure Development - Starlink provides internet infrastructure to communities lacking fiber optics or government investment [1] - This enables internet access in previously unconnected regions at low friction and cost [1] Financial Infrastructure - Stablecoins provide financial infrastructure to regions lacking formal property rights or digital infrastructure [1] - Crypto and blockchain rails enable financial transactions via smartphone [1] - These transactions are frictionless, similar to Starlink's internet service [1]