Analyst: Ethereum Welcomes "Highlight Moment" as the Start of the Blockchain Financial Services Cycle
BlockBeats News, July 21st, according to The Block, Bernstein analysts pointed out in a report that Ethereum (ETH) will "continue to attract strong investment attention" as the financial market's interest in stablecoins and asset tokenization is expected to continue to rise. They also expect the influence of asset management institutions such as BlackRock to drive the allocation of ETH in institutional portfolios, while banks and fintech companies will also purchase ETH to pay for transaction fees on the Ethereum network.
Bernstein analysts said: "Last Friday, the U.S. president signed the 'GENIUS Act,' making stablecoins officially legal digital cash in the United States. Considering Ethereum as the primary underlying channel for stablecoins, its moment of glory has finally arrived - in the past two weeks, ETH has risen by about 45%."
The analyst also added: "This is not a typical cryptocurrency 'boom-bust' cycle, but the beginning of a blockchain financial services cycle."
You may also like

Trading Never Sleeps: On-Chain, Crude Oil, and Leverage

On-chain Yield Panorama: The Evolution from Interest-bearing Stablecoins to Crypto Credit Products

RootData announced the integration with OpenClaw, and these gameplay features have gone viral

Key Market Intelligence on March 9th, how much did you miss out on?

a16z: After AI Superpowers, Where to Next for Humanity?

Why Does Oil Go Up When Bitcoin Goes Down?

Decoding 112,000 Polymarket Addresses: The Top 1% Making Money Are Doing These Five Things

AAVE founder issues a warning: DeFi must never become the exit liquidity for Wall Street private credit
How To Create A Frequency So Strong It Makes Reality Obey You
The first-ever WEEX AI Hackathon has concluded, with 10 winners emerging from over 200 global teams. Beyond its $1.8 million prize pool, the event marked a milestone—proving that the future of AI trading belongs to accessible, AI-powered innovation.

The cryptocurrency industry has waited for five and a half years, and what they got is half a ticket

The trend of Ethena reveals what information about the cryptocurrency market

I've been in the crypto industry for five and a half years, and all I got was half a ticket.

Crude Oil Surges 25%, Hyperliquid Unfolds On-Chain Showdown

$20 Billion Valuation, Is Kalshi Engaging in an Arms Race with Polymarket?

Will Not Messing with OpenClaw Lead to Obsolescence in the AI Era? | Lobster Fuss Summit

Anticipating the Market's New Challenge to Political Elections

The Shadow Business Empire of Iran's New Supreme Leader: Oil, Real Estate, and Financial Intrigue
