The wall between Wall Street and the crypto world has finally crumbled. Institutional ETFs, commercial bank custody, and macro strategies are all flooding in, and traditional finance’s venture capital is crazily doubling down—so is this truly a fusion, or is the old order absorbing a new asset?

According to a report from CoinJie.com, based on market data analysis, the boundary between Wall Street and modern capital markets is rapidly disappearing. The content covers macro stress testing, changes in Federal Reserve policy, institutional Bitcoin ETF adoption, trends in commercial banks’ custody, the structure of digital asset investment portfolios, the correlation between Bitcoin and stocks, risks of fiat currencies, forward-looking macro trading data, the relationship between risk and strong infrastructure, the convergence of traditional finance and crypto, a surge in traditional finance venture capital, and U.S. policy and election analysis, among multiple other aspects.