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

Morning Report | Tom Lee predicts that the cryptocurrency winter will end in April; xStocks introduces a new on-chain private equity fund; Sui mainnet upgraded to V1.68.1

Polymarket rules have changed, how should airdrop participants respond?

Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $296 million; the net outflow of Ethereum spot ETFs in the U.S. was $206 million

This Week's Key News Preview | The U.S. Releases March Non-Farm Payroll Data; Polymarket Expands Fee Structure

Slow Down, That's the Answer to the Age of the Agent

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

