币界网报道：On June 24, Matrixport released today's chart analysis, saying that Circle's latest valuation has reached $60 billion, which is almost the same as its total USD in circulation ($61.2 billion), and has remained stable over the past three months. In contrast, Coinbase's current market value is $78.3 billion. The sharp contrast between the two reflects that market attention is gradually shifting from diversified trading platforms to core crypto infrastructure companies such as stablecoin issuers. Regardless of how the final valuation is settled, a trend has become increasingly clear: capital is accelerating to infrastructure-based crypto companies. The recent IPO boom has once again confirmed the continued increase in institutional funds. We believe that this is also one of the factors that support Bitcoin's continued strength this year, even if the short-term consolidation is not over yet.