The Fed has begun easing and is signalling more to come. Markets reacted mildly because the cut was widely expected. Under the surface, a bigger game appears to be playing out: regulators and central banks are nudging toward controlled adoption of crypto—encouraging institutional rails while damping hype. That path is slower than a blow-off bull run, but it’s more durable. For investors, the play is patience, positioning, and risk controls.

Crypto investors woke up to another sea of red this morning, with portfolios slashed and prices across the board tumbling. Bitcoin, Ethereum