Bitcoin has been one of the best-performing assets since its inception about a decade ago, and we think more of the same is ahead, particularly as it may be transitioning toward global collateral, with results more aligned with Treasury bonds or gold.
Ethereum Fundamentals Shine as Bottom Likely in, Prior to Merge:
With a more accommodating macro backdrop, Ethereum appears to have bottomed, solidified by improved activity resilience than the previous bear cycle, and broadening use cases. Looking forward, the ambitious transition to Proof of Stake (the Merge) due in September, outlined in earlier reports, is an event catalyst that has the potential to recast Ether as a global institutional-grade asset.
Also the report suggest that the market cap and volume of the world's is migrating to USDC from Tether:
Dollar dominance is evident when sorting by volume on CoinMarketCap, with Tether on top. Not without controversy, the market cap and volume of the world's most widely traded crypto is migrating to the next-best option -- USD Coin.
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