Scan to download
BTC $64,929.56 -2.66%
ETH $1,768.16 -1.69%
BNB $601.52 -2.67%
XRP $1.20 -3.90%
SOL $72.34 -3.79%
TRX $0.3189 +0.44%
DOGE $0.0859 -3.04%
ADA $0.1689 -6.37%
BCH $213.59 -5.68%
LINK $8.18 -2.42%
HYPE $72.56 -1.25%
AAVE $75.64 +0.62%
SUI $0.7897 -1.84%
XLM $0.2181 -3.04%
ZEC $505.46 -3.41%
BTC $64,929.56 -2.66%
ETH $1,768.16 -1.69%
BNB $601.52 -2.67%
XRP $1.20 -3.90%
SOL $72.34 -3.79%
TRX $0.3189 +0.44%
DOGE $0.0859 -3.04%
ADA $0.1689 -6.37%
BCH $213.59 -5.68%
LINK $8.18 -2.42%
HYPE $72.56 -1.25%
AAVE $75.64 +0.62%
SUI $0.7897 -1.84%
XLM $0.2181 -3.04%
ZEC $505.46 -3.41%

best

Report: The new round of Bitcoin bull market may be more enduring, the industry's "best stage is still ahead"

Research institution Bernstein's latest report states that as Bitcoin approaches the $80,000 mark, the cryptocurrency market is entering a new phase of structural growth. This cycle may last longer than previous ones and has "asymmetric upside potential." The report points out that the previous drop to $60,000 has formed a temporary bottom, and the market is being driven by the integration of institutional funds and the traditional financial system.Analyst Gautam Chhugani stated, "The best times for the crypto industry are still ahead, which will be reflected in a higher and more sustained bull market cycle." In terms of supply structure, about 60% of Bitcoin has not been transferred for over a year, indicating an increase in the proportion of long-term holders; at the same time, ETFs and corporate balance sheet allocations continue to absorb supply. Strategy currently holds approximately 818,000 BTC, and its yield-generating products are attracting more traditional funds.On the institutional channel front, Morgan Stanley and Charles Schwab are expanding Bitcoin ETF and spot trading access, further lowering investment thresholds. Fundamentally, the supply of stablecoins has surpassed $300 billion, and the demand for real payments and settlements has increased; the tokenization scale of real-world assets (RWA) has reached $345 billion, a year-on-year increase of 110%. Additionally, platforms like Hyperliquid are driving increased activity in on-chain stock and commodity trading.The report also warns that quantum computing poses a long-term potential risk to crypto security, but it is manageable in the short term, and the industry has ample time to transition to quantum-resistant standards.

Analysis: With the rise of smart agent payments, Circle and Coinbase have become the "best representative targets" benefiting from the growth of stablecoins

According to The Block, analysts from the research and brokerage firm Bernstein pointed out that Circle and Coinbase are the main tools for gaining exposure to the growth of stablecoins, due to the partnership between the two companies around USDC and the emerging role of stablecoins in smart agent payments, which could become an important driver of their future growth.In a report released on Monday, analysts led by Gautam Chhugani wrote, "We believe that smart agent payments provide an upside optionality for stablecoins. This is not a factor that currently has a substantial impact on the demand for stablecoins, but in the future smart agent economy, stablecoins may play a certain role." The analysts noted that so-called machine payments refer to transactions initiated, authorized, and completed by software or autonomous devices, rather than by human operation. These payments differ from automatic bill payments or subscription models; they are essentially programmatic, enabling real-time decision-making, price negotiation, and instant settlement without human intervention.Bernstein believes that stablecoins have a natural advantage in this environment because of their programmability, instant settlement capabilities, support for micropayments, and global reach. Payment logic such as escrow, conditional payments, or revenue distribution can be directly embedded in stablecoins, allowing smart agents to complete transactions without connecting to banks or waiting for confirmations.The report also pointed out that transactions can be settled in seconds, allowing AI agents to pay for computing power or data in real-time; high-throughput blockchains and state channels make large-scale micropayments economically viable; at the same time, stablecoins have cross-border attributes, eliminating the need to rely on SWIFT, correspondent banking systems, or foreign exchange conversions, thereby further reducing transaction costs.
app_icon
ChainCatcher Building the Web3 world with innovations.