Cryptocurrency Market Segmentation: AI Mining Transition and Stablecoin Liquidity Stagnation

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CryptoWorld News reports that the current crypto market is showing signs of divergence. Miners are shifting toward the AI sector: Bitmine is doubling down on its investment in Ethereum (ETH), while stablecoin liquidity has stalled. Historically, the crypto market has usually been driven by dominant narratives, but now it is taking a different direction. On one hand, miners are trying to break the four-year cycle. Iren is being reshaped into an AI infrastructure company, and analysts say that data center and computing demand are its true growth engines. On the other hand, Bitmine is increasing its investment in Ethereum, despite facing massive losses. Stablecoin balances have ballooned to over $300 billion, but activity has fallen sharply, reflecting capital that is waiting and a market lacking clear consensus about the future. At the same time, institutions are building parallel tracks: tokenized government bonds are now being used as collateral for exchanges, bringing traditional finance and the crypto market closer together.

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