According to Adrian (@adriannewman21), the current crypto market cycle is characterized by price growth primarily led by digital asset trading firms (DATs) and Wall Street institutions. This trend is making it more challenging for new crypto project builders to secure funding, potentially even more difficult than during previous bear markets. Adrian emphasizes that this environment is stifling innovation advancement, as incentives for new builders are diminished and capital is concentrated among established players. Traders should note that such market dynamics may impact long-term project diversity and the pace of technological progress, potentially affecting the sustainability and breadth of future cryptocurrency opportunities. Source: Adrian (@adriannewman21) via Twitter, July 30, 2025.