Svmuu News: In a recent analysis posted on X, 10x Research noted that institutional capital inflows and changes in corporate balance sheets are quietly reshaping the crypto stock market landscape, driving gains in certain crypto-related stocks. Circle’s stock price has rebounded by approximately 60%, while Coinbase has risen by about 25%.Meanwhile, mining companies’ transition into AI infrastructure may reshape the next cycle.Bitdeer has previously liquidated its entire holdings of "Bitcoin." Although its equity has been diluted following the completion of a convertible bond issuance and a share placement, the proceeds may be used to accelerate its transition toward high-performance computing and AI infrastructure. This indicates that the crypto mining sector is also undergoing a structural shift, which could redefine investors’ expectations for the next cycle.