Odaily Planet Daily News Investment bank Architect Partners said in a recently released quarterly report that the digital asset industry is beginning an important growth phase and is in a much better position than it was two years ago. It said that the value of the crypto industry climbed by more than $750 billion in the first half of the year. The growth was driven by the surge in the value of cryptocurrencies (over $700 billion), the successful launch of the spot Bitcoin ETF in the United States, which attracted more than $15 billion in capital inflows, and the appreciation of publicly listed crypto companies, which added another $11 billion. The report said that both cryptocurrencies and the Internet are disruptive technologies that have very similar characteristics, and pointed out that the cryptocurrency market has recovered from the bear market much faster than the Internet recovered after the bursting of the Internet bubble in 2000. The report pointed out that trading activity is also increasing, with the transaction volume announced in the second quarter hitting a record high of $2.7 billion, exceeding the total of the previous eight quarters. Architect said that with the end of the bear market, confidence and momentum in the crypto market have been restored, and "professionalism, risk management, ethical behavior and 'doing the right thing' have finally become the basic principles of cryptocurrency." (CoinDesk)