🔎Today’s Daily Sift: Crypto/Blockchain Crypto looks cautious. The infrastructure does not. Bitcoin is trading around $63,400 this morning as renewed geopolitical uncertainty around the US and Iran brings oil and inflation risk back into focus. (CoinDesk) Last week also delivered a warning. US spot Bitcoin ETFs lost roughly $390 million, their largest weekly withdrawal in six weeks. (CoinDesk) Institutional demand is real. It is not automatic. But underneath the market weakness, something much larger is happening. The White House is preparing to bring together Coinbase, Gemini, Ripple, Polymarket, Nasdaq, CME, the New York Stock Exchange, the SEC, and CFTC as Washington pushes forward on digital asset market structure. (Investor’s Business Daily) That guest list tells the story. Traditional finance and crypto are no longer standing on opposite sides of the system. They are beginning to design the next version together. The SEC is also exploring regulatory exemptions that ...