Chart of the week

Last week, renewed geopolitical tensions emerged following US strikes on Iranian nuclear sites. In this environment, the round-the-clock nature of crypto markets once again proved valuable, as investors were able to adjust positions and manage liquidity in real time.

Historically, such episodes of market stress have led to short-term price dislocations that, in many cases, created attractive entry points. With regulatory developments and institutional interest in crypto continuing to build momentum, this appears to be another moment where market fundamentals remain strong, even as prices temporarily come under pressure.

Market Highlights

US Senate approves the GENIUS Act

The Senate voted 68-30 to pass the GENIUS Act, establishing a federal framework for U.S. dollar-pegged stablecoins, marking the crypto industry's first major legislative win.

Although the bill must still pass the House, it has the potential to foster stablecoin innovation within the world’s largest economy.

Coinbase secures MiCA license in Europe

Coinbase obtained an in-principle MiCA license, becoming the first major global crypto exchange to achieve this, enabling compliant operations across the EU.

Coinbase’s MiCA license strengthens its European presence, promoting crypto adoption and setting a compliance benchmark for other exchanges in the EU.