U.S. stock market fluctuation | Stablecoin concept stock Coinbase (COIN.US) initially rose nearly 7%, accumulating a 75% increase year-to-date.

According to the Wise Finance APP, on Friday, the concept stocks of stable coins rose in early trading, with Coinbase (COIN.US) rising nearly 7%, surpassing a market value of 110 billion US dollars with a cumulative increase of over 75% since the beginning of the year; Robinhood (HOOD.US) and Circle (CRCL.US) both rose more than 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, sending them to President Trump to sign into law. President Trump plans to sign the cryptocurrency legislation, including the "Genius Act", at an event on Friday, making them officially effective as laws.