[Coinbase Co-CEO of Institutional Business: Second Wave of Institutional Funds Is Entering Bitcoin] According to a report by Jinse Finance on October 26th, citing Bloomberg Television, Coinbase Co-CEO of Institutional Business, Brett Tejpaul, stated that a second wave of institutional capital is entering Bitcoin. He noted that while the first wave of institutions primarily focused on "how to safely buy Bitcoin," their current focus has shifted to "how to obtain incremental returns." The second wave will be coupled with payment services, as buying Bitcoin and operating businesses using stablecoins utilize the same infrastructure.