According to ChainCatcher, QCP Asia analysis indicates that despite Israel resuming limited strikes just hours after the ceasefire agreement, market sentiment has shifted to a full risk-on mode. The Nasdaq reached a new high, and the S&P 500 is approaching its historical peak. A certain exchange (COIN) surged 12%, closing at a six-month high of $344.94, mainly due to two major regulatory tailwinds:
First, the United States passed the GENIUS Act, clarifying the compliance framework for stablecoins;
Second, the exchange received approval from Luxembourg regulators, becoming the first US-based exchange to obtain MiCA authorization. Against this backdrop, institutions continue to increase their Bitcoin holdings, with the ProCap fund purchasing $386 million worth of BTC, bringing the total corporate holdings to 3.45 million coins.