Couple things caught my eye today in the crypto space. First up, JPMorgan dropped an interesting take—they're pointing to Strategy's moves as a potential catalyst for bitcoin's next major swing. Makes sense when you think about how much BTC they've been stacking.

Meanwhile, the IMF isn't holding back on their concerns. They're flagging that stablecoins could genuinely chip away at central banks' grip on monetary control. Not exactly a hot take at this point, but coming from the IMF? That's the kind of institutional worry that tends to shape policy down the road.

Seems like we're at this weird crossroads where traditional finance is both warming up to crypto and freaking out about losing control. Classic push-pull dynamic. What's clear is that both institutional accumulation and regulatory positioning are gonna be huge factors moving forward.