Market Trends - Crypto markets are showing clear segmentation, indicating a deeper adoption cycle is beginning [1] - Treasury buyers are focusing on Bitcoin (BTC) [1] - Corporate Bitcoin holdings have surpassed 159,000 BTC this quarter [1] Payment Systems - Payment and settlement systems are primarily being built on stablecoins across 30+ chains [1] Trading Activity - Trading desks are accumulating Ethereum (ETH) [1] - Spot ETH flows reached $214 million today [1]