Ethereum and Crypto Stocks Soar as GENIUS Act Fuels Market Optimism

The S&P 500 reached a record high, driven by a surge in crypto-related stocks following the enactment of the GENIUS Act, the first comprehensive cryptocurrency regulation in the U.S. The Nasdaq Composite and Dow Jones also hit new peaks, reflecting heightened investor confidence. This regulatory breakthrough is expected to bolster the crypto market, with Ethereum and other digital assets poised for significant growth. The GENIUS Act, signed by President Trump, marks a pivotal moment for cryptocurrency adoption and institutional investment, signaling a bright future for the sector.

S&P 500 Hits Record High as Crypto Stocks Surge on Regulatory Breakthrough

The S&P 500 closed at another all-time high, fueled by a rally in crypto-related stocks following the signing of the GENIUS Act into law. The Nasdaq Composite ROSE 0.75% to 20,885.65, marking its tenth record this year, while the Dow Jones added 229.71 points to 44,484.49. All three major indexes reached intraday highs during the session.

President Trump's GENIUS Act, the first comprehensive crypto regulation in U.S. history, sparked a sharp uptick in crypto equities. Coinbase, Robinhood, and Bitmine Immersion led the charge, with Coinbase briefly surpassing its IPO debut price. "This isn't just another policy shift—it's the foundation for crypto's institutional future," said Noelle Acheson, author of Crypto is Macro Now. The legislation cements digital asset oversight into federal law, making future reversals politically untenable as stablecoins become entrenched in global finance.

Ether outperformed among major cryptocurrencies as the regulatory clarity triggered broad crypto market gains. The White House ceremony attracted bipartisan lawmakers and industry leaders, signaling rare consensus on digital asset policy. Market participants now anticipate accelerated institutional participation, with exchange-traded products and traditional finance vehicles likely to follow.

Ethereum's Rally Fueled by Derivatives Market as Spot Demand Lags

Ethereum's price surge past $3,600 this week masks a critical divergence between derivatives activity and organic demand. The 20% weekly gain appears driven by Leveraged futures positions rather than sustained spot buying, raising sustainability concerns.

CryptoQuant data reveals yellow-hot zones on Ethereum's futures volume map, signaling overheated speculation. Analysts question whether spot traders will follow the derivatives-led momentum or leave the rally vulnerable to liquidation cascades.

Ethereum Surges Past $3,600 as Institutional Demand Fuels Bull Rally

Ethereum's native token ETH breached $3,600 with a staggering 40% single-day gain, extending its April-to-date returns beyond 150%. The breakout from a tight $2,800-$3,100 consolidation zone now establishes $3,000 as formidable support—a psychological level that previously acted as resistance.

Trading volume confirms the bullish momentum, though the Relative Strength Index flashing 85 suggests overbought conditions. Parabolic rallies often defy such warnings, particularly when institutional capital enters the market. ethereum is outperforming Bitcoin and altcoins amid growing ETF speculation and DeFi protocol activity.

Critical technical levels include $3,300 as the mid-range breakout point and $3,700 as immediate resistance. The rally reflects more than speculative froth—regulatory clarity and macroeconomic tailwinds are converging with Ethereum's maturing ecosystem infrastructure.

Trader Loses $112K in ETH Gas Fee Mishap on PulseChain

A crypto trader suffered a staggering loss of 31.22 ETH ($112,745) due to a gas fee error while attempting to transact on PulseChain. The transaction was mistakenly executed on Ethereum instead of the intended PulseChain network, where fees would have been negligible in PLS tokens.

Blockchain tracker Whale Alert first flagged the anomalous transaction, which occurred when ETH traded at $3,611.56. The distraught trader has since attempted to recover funds through on-chain messages to validator TitanBuilder, citing a wallet malfunction as the cause.

This incident highlights the persistent risks of cross-chain transactions, particularly when networks share EVM compatibility. PulseChain's PLS token trades at just $0.00003014, making such fee errors potentially catastrophic when denominated in ETH.

Ethereum's NUPL Metric Signaled Price Bottom Before Rally, Glassnode Reports

Glassnode's on-chain analysis reveals Ethereum's Net Unrealized Profit/Loss (NUPL) metric accurately predicted the recent market bottom. The indicator, which tracks the aggregate profit or loss held by investors, dipped into capitulation territory before ETH's upward reversal.

NUPL calculates the difference between unrealized gains and losses across all circulating coins. A negative reading indicates widespread investor losses, often preceding market rebounds. Ethereum's NUPL mirrored this pattern, flashing a buy signal as retail capitulation peaked.

The analytics firm's findings, developed in collaboration with Coinbase, demonstrate the metric's reliability for identifying cyclical turning points. Similar signals preceded major rallies during previous market cycles, though Glassnode cautions against relying solely on single indicators.

Bit Digital Expands Ethereum Holdings to Over 120,000 ETH

Nasdaq-listed Bit Digital has significantly bolstered its Ethereum portfolio, acquiring an additional 19,683 ETH. This latest purchase, funded by a $67.3 million share offering, elevates the firm's total holdings to more than 120,000 ETH. The MOVE underscores a strategic commitment to Ethereum's long-term value proposition.

Bit Digital now ranks among the top public companies holding ETH, trailing only SharpLink and BitMine Immersion. CEO Sam Tabar emphasized Ethereum's pivotal role in digital finance, citing its programmability, staking yield model, and expanding adoption as key drivers. "Ethereum represents the future of digital assets," Tabar noted, signaling plans to further scale exposure.