Canaan Inc. shares rose 21.93% to 38 cents Friday as cryptocurrency-linked equities rallied alongside a sharp increase in Bitcoin prices. Investor sentiment improved after the Commodity Futures Trading Commission (CFTC), the U.S. derivatives regulator, submitted a formal proposal Thursday to regulate crypto asset transactions and markets. Coordinated announcements from the CFTC and the Securities and Exchange Commission reinforced expectations that federal agencies are working to establish clearer oversight of digital assets after the Clarity Act failed to advance in the U.S. Senate. As a designer and manufacturer of Bitcoin mining hardware, Canaan can benefit when stronger regulatory clarity supports institutional adoption and lifts cryptocurrency prices.