Institutional Build-Out Accelerates — Expect Adoption With Continued Volatility

I see meaningful institutional progress across crypto infrastructure: Dinari launching a cross-chain settlement layer with major validators, Citi exploring stablecoin custody and payments, and Coinbase completing the Deribit acquisition to cover options and derivatives — all signs of deeper institutional integration.

Those developments should support long-term adoption and liquidity, but the market remains highly levered and headline-sensitive: recent intraday BTC/ETH swings and $1B+ liquidations show any positive structural news can be met with sharp short-term volatility.

I’m constructive on the trajectory (better custody, settlement, and product coverage) but cautious on timing — I’ll monitor execution by incumbents and look to add exposure selectively on pullbacks rather than chase rallies.