Welcome to this week’s Crypto Alpha 👀 Two trends stand out: 🏦 Crypto’s TradFi pipes are expanding Kraken becomes the first crypto bank to secure a Fed master account. Morgan Stanley actively advances spot crypto ETF filings. ⚡ Oil perps are booming Crude perp volume > $2B/day Total DEX perp volume > $10B TradFi-linked assets > 30% On-chain perps: permissionless. 24/7. Real-time price discovery. As energy markets heat up and institutions deepen their footprint, crypto is becoming more intertwined with global macro flows. Read the full BloFin Research breakdown 👉 https://blofin.com/en/academy/flow-insights/whale-s-insight-crypto-s-tradfi-pipes-are-expanding-and-oil-perps-are-booming #Bitcoin #Crypto #TradFi #ETF #Oil #Macro #BloFinResearch(BloFin Research)