Noticed DEX volumes took a hit last week, which is interesting given what some major players have been doing on the crypto side. Spot and perpetual trading across decentralized exchanges dropped noticeably, and protocol revenues got weaker across the board too.

Meanwhile, institutional money seems to be moving in different directions. Bitmine scooped up over 51k ETH for around $98 million, while Strategy grabbed nearly 600 BTC. Pretty significant moves considering public companies were actually selling - offloaded about 58 BTC last week. Crypto markets can be wild like that, some players retreating while others are loading up.

Stablecoin market cap jumped by over a billion during the same period, which usually signals some positioning happening. Also caught that Vitalik started selling ETH again after taking a breather for two weeks. Always worth watching when major holders make moves like that - these things tend to ripple through the crypto ecosystem pretty quick. The dex landscape keeps shifting, but this kind of institutional activity usually means something's brewing.