Following the recent Pectra upgrade, Ethereum activity has experienced a slight dip. However, several significant developments in the crypto world are capturing attention. The US Senate is moving forward with the ‘Guiding and Establishing National Innovation for U.S. Stablecoins Act’ (GENIUS Bill), paving the way for clearer regulations on stablecoin issuers and potentially boosting trading volume. Meanwhile, Story and MUSIC have partnered to launch a new AI-powered tool called Bangers that allows users to create music directly within the platform. This innovative technology combines social media, AI, and blockchain to streamline music IP creation and distribution while ensuring revenue sharing for creators. Finally, Hong Kong has passed a stablecoin bill granting official licenses to fiat-backed stablecoin issuers starting in 2025. This move aims to position Hong Kong as a hub for regulated stablecoins within the Asia Pacific region. While these developments show potential for growth and innovation in the crypto landscape, it remains to be seen how they will unfold.