#AI与加密货币结合 Coinbase's report is quite interesting. Will the crypto market in 2026 resemble 1996 more than 1999? It suggests that we need to take it slow and not expect a meteoric rise.

The key point is that institutions need to change their mindset, shifting from simple buying and selling to more professional trading and custody models, which is what "DAT 2.0" refers to. In plain terms, institutional players need to operate more meticulously.

What attracts me the most are these directions—AI and crypto automation agents, rising demand for privacy technologies, and RWA tokenization. The combination of AI and crypto is indeed a hot topic, with automated trading and smart contract optimization scenarios emerging. The increased priority on privacy tech indicates that everyone is starting to pay more attention to security issues. As for tokenized assets, including stocks, that might become the theme next year.

Overall, the quality of institutional participation is improving, and the market is moving toward a more mature direction. For retail investors, this presents both opportunities and challenges—hot projects may become more professional, and community sentiment will also adjust accordingly. Continuous attention is warranted.