Brett Tejpaul, Head of Institutional Business at Coinbase, stated that institutional investors are transitioning from purely betting on price appreciation to generating stable yields around existing BTC and ETH holdings, with "a second wave of institutional capital happening." This trend is driving the emergence of more "traditional cash/bond-like" on-chain yield products. He believes institutional attention toward stablecoins, asset tokenization, and 24/7, near-real-time settlement is increasing, and as the U.S. regulatory framework becomes clearer, more traditional financial institutions are evaluating the use of blockchain to enhance cross-border payments and capital efficiency. (CoinDesk)