In the latest developments from the crypto world, US President Donald Trump has signed the GENIUS Act into law, marking the country's first stablecoin legislation. This signing follows a period of debate within the House of Representatives and Senate and included the presence of key figures from the crypto community. The legislation has raised concerns about a potential price correction in Bitcoin after a dormant Satoshi-era whale transferred $9.6 billion in Bitcoin, igniting fears related to the stability of the crypto market. Despite these apprehensions, the total crypto market capitalization is nearing $4 trillion, driven by significant price increases in major cryptocurrencies like Bitcoin, Ether, and XRP. Bitcoin has risen above $120,000, while Ether has reached around $3,600. XRP has surged almost 20% to peak at $3.64, largely seen as a beneficiary of the new stablecoin bill. The current market dynamics are reminiscent of both the rapid growth of the crypto sector and the inherent risks that such volatility introduces.

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