The crypto market rose across the board, MAG7.ssi rose by more than 6%, and the PayFi sector rose by 17.06%

Odaily News According to SoSoValue data, three cryptocurrency bills were passed by the House of Representatives, and all sectors of the crypto market rose, with the general increase of about 2% to 6%. Among them, the PayFi sector rose sharply by 17.06% in 24 hours, driven by the positive news that the Genius Act was passed and is expected to be signed by Trump on Friday. Within the sector, Stellar (XLM) and XRP rose by 11.42% and 18.15% respectively. In addition, ETH rose by 5.85%, breaking through $3,500.
It is worth noting that as the core component of MAG7.ssi, the strong upward movement of XRP and ETH has pushed MAG7.ssi to continue to rise. As of press time, the 24-hour increase has reached 6.37%, approaching the 0.98 USDT mark. In addition, DEFI.ssi rose by 6.49% and MEME.ssi rose by 2.56%.
In other sectors, the Layer2 sector rose 5.73%, and within the sector, Mantle (MNT) rose 11.86%; the DeFi sector rose 4.56%, among which Uniswap (UNI), Ondo Finance (ONDO), and Chainlink (LINK) rose 13.01%, 13.31%, and 13.69% respectively; the Layer1 sector rose 4.31%, Cardano (ADA) and Hedera (HBAR) rose 14.24% and 24.44% respectively; the Meme sector rose 2.95%, Fartcoin (FARTCOIN) and Dogecoin (DOGE) rose 9.53% and 9.86% respectively; the CeFi sector rose 1.70%.
The crypto sector index, which reflects the historical trends of the sector, shows that the ssiPayFi, ssiDeFi, and ssiRWA indices rose 17.92%, 8.44%, and 6.91% respectively in 24 hours.