The Bridge is in full swing. From macro shifts to the next wave of DeFi, here’s a look at the conversations shaping crypto’s next chapter 🧵

1/ Event Driven Macro in a Digital Asset World With @dgt10011 (@procapbitcoin), @jmmognetti (@CoinSharesCo), Ilya Khazen (@LMAX), and Joris Delanoue (@fairmint). Rates, inflation, and geopolitics are shaping crypto more directly than ever. The panel explored how Bitcoin is maturing into a macro asset, why USD stablecoins still dominate in a supposedly dedollarizing world, and how tokenization could both deepen liquidity and fragment markets. But the big question that lingered - who sets macro policy now: central banks, markets, or code?

2/ The Institutional Bridge to DeFi: How Funds Engage with Yield, Governance, and Risk On-Chain With Charley Cooper (@AvaLabs), @HadickM (@dragonfly_xyz), Pascal St-Jean (@3iq_corp), Roger Zhang (@intchains_group), and @thomas_fxn (@FunctionBTC). The panel got real about what it actually takes for institutions to operate onchain. Beyond chasing yield, they spoke about the tooling gap that still separates DeFi from fund-grade infrastructure, how risk models must evolve to handle composability and black-swan contagion, and why RWAs are the bridge that makes onchain portfolios feel familiar to TradFi allocators. The takeaway - trust and usability and not yield will pull the next wave of capital onchain.

3/ Lessons from the Last Cycle: What Survives the Shakeout With Benjamin Tsai (@wavedigital_), Francesco Filia (@FasanaraCapital), Randy Little (@50TFunds), Chris Zuehlke (@DRWTrading | Cumberland), and moderator Jordan Knecht (@GlobalStake). 2022 forced a hard reset. The panel unpacked how credit contagion reshaped risk culture, how “real yield” replaced leverage-driven returns, and why the future belongs to builders investing in custody, compliance, and governance rather than speculation. The focus wasn’t on hype but on rebuilding durable systems and bringing real discipline into how capital is managed.

4/ Where Finance Flows: The Era of 24/7 Capital (Presented by @CantonNetwork) With @YuvalRooz (@digitalassetcom), Michael Winnike (@The_DTCC), and @jreedrosenthal (@polychaincap). The panel explored how finance is moving toward an always-on model where capital, collateral, and data move instantly across networks. They discussed how onchain settlement and tokenization are rewriting the rules for liquidity and risk, and what it’ll take for institutions to trust a market that never closes.