MACRO CONDITIONS, REGULATION, AND NEW INFRA WILL DEFINE CRYPTO IN 2026

Summary from the TLDR Crypto newsletter

2026 is about infrastructure becoming real and determining whether rails (custody, settlement, identity, and compliance) can support production-grade institutional usage. Regulatory divergence by geography will shape system design, while stablecoins + tokenization expand as core rails. Bitcoin will trade more like a macro asset, driven by rates/data and ETF flows.