According to @dydxfoundation, Charles d’Haussy stated that “the money coming into crypto this cycle is smarter money,” highlighting a discussion among leaders from EY, Tether, and dYdX about how clearer regulation and institutional discipline are reshaping the next phase of crypto markets (source: @dydxfoundation, Oct 8, 2025). The post underscores an institutional, compliance-driven market structure narrative that is relevant for traders monitoring liquidity conditions, order-book depth, and volatility across major venues (source: @dydxfoundation, Oct 8, 2025).