This episode examines institutional de-risking across Bitcoin and Ethereum ETF wrappers as macro uncertainty drove over eight hundred million dollars in single-day redemptions and pushed the Crypto Fear and Greed Index into extreme fear territory. The briefing covers the mechanics of coordinated selling triggered by Federal Reserve chair speculation and tech equity weakness, then analyzes the Senate Agriculture Committee’s party-line advancement of a crypto market-structure bill that shifts CFTC jurisdiction and centers on contested stablecoin yield provisions. Operators gain insight into how macro policy repricing, sentiment regime shifts, and legislative ambiguity shape positioning, product design constraints, and competitive dynamics between traditional deposit channels and crypto platforms.