Recently, the Crypto Assets market has shown a positive trend, with Ethereum (ETH) performing particularly well, as its price has surpassed the $3700 mark, setting a new recent high. Following closely is Solana (SOL), which also demonstrates a strong pump momentum. Behind this wave of rising prices are deep-seated market driving factors.

The recently passed "GENIUS Act" provides a clear regulatory framework for stablecoin issuance in the United States, a move that is expected to push the crypto assets industry towards a more regulated development path. The implementation of this act is anticipated to directly stimulate demand for the Ethereum network and the decentralized finance (DeFi) applications running on it. Notably, the act explicitly prohibits "yield-generating stablecoins," a restriction that may steer more funds towards DeFi projects within the Ethereum ecosystem, seeking new profit opportunities.

In addition, the introduction of the "GENIUS Act" has prompted corporate finance departments to begin reassessing the strategic position of Crypto Assets. More and more institutions are starting to view ETH, SOL, XRP, ADA, and other Crypto Assets as a new generation of encryption reserve assets. This shift in perception may lead to an influx of more institutional funds, further driving market development.

It is worth mentioning that these market changes are not entirely unexpected. Even before the bill was officially passed, there were already some positive signals in the market. For investors who are closely monitoring market dynamics, this wave of pump may be just the opportunity they have been waiting for.

With the gradual clarification of the regulatory environment and the increase in institutional participation, the crypto assets market may be entering a new development stage. However, investors still need to be cautious and closely monitor market trends and policy changes in order to make informed decisions in this market full of opportunities and challenges.