US Stock Market Move | Stablecoin concept stocks rose in early trading, with Coinbase (COIN.US) up nearly 7% and a year-to-date increase of 75%.
On Friday, the concept stocks of stable coins rose steadily at the beginning of the trading session.
On Friday, the concept stocks of stable coins rose in the morning trading. Coinbase (COIN.US) surged nearly 7%, with a market value exceeding 110 billion US dollars and a cumulative increase of over 75% so far this year; Robinhood (HOOD.US) and Circle (CRCL.US) also rose over 6%. In terms of news, on Thursday, the U.S. House of Representatives overwhelmingly passed three legislative proposals related to the regulation of stable coins and other cryptocurrencies, handing them over to President Trump to be signed into law. Trump plans to sign the cryptocurrency legislation, including the "Genius Act," during an event on Friday, officially making them into law.
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Overnight US stocks | Trade expectations favor the S&P 500 and Nasdaq to hit new highs, while gold and U.S. bonds both fall. Tesla, Inc.'s (TSLA.US) Q2 performance is disappointing.
Tesla, Inc. (TSLA.US) Q2 performance declined and Musk warned of "poor future performance over the next few quarters", exacerbating concerns.
Zhongtai: Five main logical supports, the layout of securities firms in need of a rise is just right
Overnight US stocks | Trade expectations favor the S&P 500 and Nasdaq to hit new highs, while gold and U.S. bonds both fall. Tesla, Inc.'s (TSLA.US) Q2 performance is disappointing.
Tesla, Inc. (TSLA.US) Q2 performance declined and Musk warned of "poor future performance over the next few quarters", exacerbating concerns.
Zhongtai: Five main logical supports, the layout of securities firms in need of a rise is just right
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