QCP Asia: Exchange Stock Prices Surge as Regulatory Tailwinds Attract Institutional Investors

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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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