1. The New Market Fault-Line Institutions are here. ETFs, DAT treasuries and sovereign funds have turned BTC and ETH into macro assets, but they want depth, compliance and zero slippage. Meanwhile, Solana, Base, Sui and the rest mint 10-k-token weeks—Meme, DePIN, AI agent, whatever. Crypto-native degens need speed first, story second, KYC third. Caught in the middle is the retail newcomer who hears “on-chain is the future” yet can’t even spell private key. CoinW’s answer: run two engines on t...