ICYMI : • Larry Fink has now called Bitcoin an “asset of fear,” a notable shift from how doubtful he used to be. • Ethereum’s Fusaka upgrade has gone live. • Grayscale has launched the first US spot LINK ETF under the ticker $GLNK with around $37M in day-one net inflows. • Coinbase’s CEO has said major US banks are piloting stablecoin, custody and trading integrations. • President Trump is preparing high-level discussions with China on whether $NVDA will be allowed to sell H200 chips. • Tech CapEx has reached a 20-year high as AI spending accelerates across the sector. • US market concentration is now at its highest level since the 1970s. • Weekly capital inflows have dropped from $15B to $6.85B even with the recent bounce. • $SPOT has printed a Death Cross for the first time since January 2022. • $NFLX has closed below its 200-day MA for ten straight sessions - the longest stretch in over three years. • Sydney Sweeney has pushed $AEO to its highest level since May 2024.