Crypto-related stocks experienced a surge on Monday as Ether reached its highest price of the year. The rally followed the signing of a major crypto regulation bill, the GENIUS Act, by U.S. President Donald Trump late Friday. The new legislation provides a framework for stablecoin oversight in the U.S., a long-requested move by many in the cryptocurrency space.
Although Bitcoin rose modestly by 0.4%, it remained over 3% below last week’s all-time high of $123,153. Meanwhile, Ether took the spotlight, hitting a new annual peak on Sunday of $3,795.
The GENIUS Act includes a restriction that prevents regulated stablecoins from offering yields or interest, a move that’s causing investors to pivot toward Ether. Analysts at Deutsche Bank suggested that this shift is driving fresh interest in Ethereum as a yield-generating asset through decentralized finance (DeFi) platforms.
“This is a pivotal moment for Ethereum,” said Luke Nolan, a lead researcher at CoinShares. “While it’s too soon to confirm a long-term trend reversal, multiple factors are aligning in Ether’s favor.”
Stablecoins are cryptocurrencies meant to stay at a fixed value, typically matching the U.S. dollar. They’ve become increasingly popular, especially among traders who use them to move funds between different digital tokens quickly. Major financial institutions have also begun exploring their own versions of stablecoins.
Shares in Coinbase and Circle Internet, two major players in crypto exchange and stablecoin issuance, saw gains of around 0.1% during early trading.
On the stock market, publicly traded companies that have recently invested in crypto also posted gains. BitMine, backed by investor Peter Thiel and chaired by Tom Lee of Fundstrat, climbed 2.7%. Other firms holding ether—like BTCS, SharpLink Gaming, and Bit Digital—saw increases ranging from 2.3% to 8%.
Retailer GameStop has also been actively adding crypto to its financial reserves, following the lead of Strategy, a major corporate holder of bitcoin. Strategy’s stock has surged approximately 3,000% since 2020 and rose 1.7 percent on Monday.
Meanwhile, Dynamix Corporation, a blank-check company, soared 26.2% after announcing a merger with Ether Reserve, a new blockchain project supported by high-profile investors. The combined entity will be known as The Ether Machine.
Other digital assets rallied as well. Solana reached its highest price since February, while the ProShares Ultra Solana ETF jumped 17.2%. XRP rose 1% and remains close to its previous highs. Overall, the crypto market’s total valuation hit $4 trillion on Friday, according to data from CoinGecko.
The future of the crypto industry looks bright, and entities like Cantor Equity Partners Inc. (NASDAQ: CEP) will be looking to capitalize on these favorable market conditions.
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