According to Odaily Planet Daily, Bernstein analysts led by Gautam Chhugani said that with ETH reaching its highest point in years and the start of the altcoin rebound, Coinbase will benefit the most. They believe that the long tail effect of the tokens supported by Coinbase, the large amount of pledged assets, and the Base chain revenue can drive a surge in trading volume. In a memo to clients on Monday, analysts pointed out that since the sensational IPO of stablecoin issuer Circle on June 5, ETH has risen 80%. After realizing that most stablecoins are issued on the Ethereum network, investors have become increasingly interested in the Ethereum ecosystem. Coinbase will be the biggest beneficiary because it has listed more than 250 tokens and the long tail tokens on the Base chain have been integrated into the Coinbase App. In addition, Coinbase holds 136,782 ETH (worth US$570 million). (The Block)