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Bitcoin Pepe price outlook as stablecoin companies gain after US Senate passed GENIUS act
- The US Senate passing the GENIUS Act resulted in stock price surges for Coinbase and Circle, with Circle's shares rising over 33% and Coinbase's shares gaining 16%.
- The passage of the stablecoin bill is expected to increase the legitimacy of stablecoins and benefit early-stage tokens like Bitcoin Pepe in the market.
- Coinbase and Circle, major cryptocurrency firms, have shown significant growth following the Senate's approval of the GENIUS Act.
- Coinbase shares surged 16%, making it the top gainer among S&P 500 stocks, while Circle's shares jumped sixfold since its IPO.
- Circle, the issuer of USDC stablecoin, has seen stablecoin-related revenue play a significant role in earnings growth for Coinbase.
- Bitcoin Pepe, a new cryptocurrency project combining Bitcoin's security with Solana's speed, has raised over $15 million and announced a 30% token bonus for current investors.
- The GENIUS Act passed by the Senate establishes a framework for private entities to issue stablecoins under strict oversight and regulations.
- Bitcoin Pepe continues to gain attention during its presale, with plans for listing on MEXC and BitMart exchanges to enhance market visibility and liquidity.
- The project team is set to make a major listing announcement on June 30, further boosting investor interest.
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