Before the Breakout: How Capital Repriced Crypto for 2026 — From Winter to Infrastructure
2025 wasn’t a “bull-market reset”—it was a quality-driven recapitalization. Funding surged to $30B+ YTD by This autumn(with ~$13B in Q3) after the 2024 trough (~$9B), however deal rely didn’t increase meaningfully, implying bigger, extra selective checks and a fat-tail headline. Investors crowded into compliance-ready rails—funds/stablecoins/RWA, infrastructure, regulated buying and selling, and information markets—whereas client narratives…
