THE DIGITAL ASSET OVERTON SHIFT

Summary from the TLDR Crypto newsletter

Crypto's fat protocol era, built on public goods and vague token value, is collapsing under its own weight as institutional players embrace profitable, product-first models. Whereas before we had crypto-native builders clinging to tokens and memes, now there is a new class of "Digital Asset" firms deploying practical zk tech, real-world asset protocols, and CEX-native products. The call is clear: pivot from crypto idealism to pragmatic digital asset infrastructure or risk irrelevance.