ME News, October 1 (UTC+8): D. Cowen said that Bitcoin is gradually evolving from one asset class into a capital market ecosystem. The firm noted that three core trends driving Bitcoin’s next phase of institutional adoption include: capital market infrastructure built around Bitcoin, frameworks for implementing Bitcoin applications, and the development of broader institutional-grade infrastructure. D. Cowen believes that as the relevant financial infrastructure continues to improve, the Bitcoin ecosystem is evolving from a simple asset allocation tool into a more complete capital market system. (Source: ME)