This report reflects the discussions and views shared during our RA meeting. These are personal opinions of the team members and should not be interpreted as financial or trading advice. Readers should conduct their own research and consult with financial advisors before making any investment decisions.

🟢 Overall Stance: The team is now bullish, with a growing tilt back toward BTC after alts have rallied — particularly the anticipated impact of the “Big Beautiful Bill”, which is creating a favorable regulatory and ETF-backed backdrop. However, also ETH and SOL remain core positions. The prevailing mood is constructive but highly selective, with capital still parked in stable yield strategies and a cautious eye on volatile...