Analyst: Ethereum’s rise marks the beginning of a blockchain financial services cycle

CoinRank News: Bernstein analysts said Ethereum (ETH) will continue to receive strong investment attention as financial markets continue to pay more attention to stablecoins and asset tokenization. The report pointed out that institutions such as BlackRock will promote the inclusion of ETH in investment portfolios, while banks and fintech companies will also purchase ETH to pay for network transaction fees. Analysts said: With the signing of the GENIUS Act by the US President, stablecoins have become legal digital cash. As the main infrastructure for stablecoins, Ethereum is ushering in its highlight moment-ETH has risen by about 45% in the past two weeks. They further pointed out that this marks the beginning of a blockchain financial services cycle, rather than the traditional crypto boom-crash cycle. (The Block)