🔎 Today’s Daily Sift: Crypto/Blockchain Crypto is entering its capital discipline era. Bitcoin is holding near $65,000 as markets prepare for one of the biggest weeks of the summer. The Federal Reserve meets this week. Big Tech reports earnings. Coinbase and Strategy also report. But today’s strongest signal is not price. It is restraint. Strategy has now gone three straight weeks without buying additional Bitcoin. Instead, it raised more than $544 million through common stock, repurchased preferred shares, and strengthened its balance sheet while continuing to hold 843,775 BTC. It also maintains roughly $3.75 billion in cash reserves. That changes the narrative. The old model rewarded buying every opportunity. The new model rewards surviving every environment. Meanwhile, ETF flows remain mixed as institutions wait for greater clarity from the Federal Reserve. Capital has not disappeared. It is becoming more selective. Forward Hypothesis The next crypto leaders w...