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According to a report by Globenewswire cited by Jinse Finance, U.S. electric vehicle company Mullen (NASDAQ: MULN) has announced that it will accept cryptocurrencies, including Bitcoin and the TRUMP meme token, as payment for its Mullen and Bollinger commercial electric vehicles, making it one of the few automakers to accept crypto payments. Mullen also plans to expand its payment options to include other mainstream cryptocurrencies. Mullen CEO David Michery stated that this move will help the company expand its commercial and consumer markets.

According to ChainCatcher, at the recent EMW2025 conference, Coatue Management co-founders Philippe and Thomas Laffont were interviewed on the BG2 podcast, where they provided an in-depth analysis of the valuation logic of crypto assets, stablecoin development trends, and their institutional significance, based on their latest market research report. Philippe stated that Bitcoin is gradually evolving into a "quasi-corporate asset." With a current market capitalization of around $2 trillion, it still represents a small fraction of the nearly $500 trillion in global net assets, indicating further room for growth. He predicts that as institutions gradually become more comfortable with its volatility, Bitcoin’s market cap could rise to $5–6 trillion in the future, making it a more systemically influential asset class. Thomas emphasized that the advancement of stablecoin legislation is a significant milestone for the crypto industry, greatly reducing regulatory uncertainty. He expects that "interest-bearing stablecoins" will emerge in the near future, potentially issued by governments in different maturities and offered directly to global investors, reshaping the issuance mechanism and participation model of sovereign bonds. The two co-founders pointed out that after early project failures, traditional VCs have developed a biased understanding of crypto assets. However, with the widespread adoption of Bitcoin and stablecoins, industry valuation methods need to become more flexible, and the trend value of leading assets should be reassessed. At the same time, stablecoins have gradually become a core tool for corporate payments and capital management, signaling a shift in the crypto market from "speculative logic" to "institutional recognition and utility-driven" development.