Cathie Wood just dropped $12 million more into Peter Thiel’s crypto exchange Bullish, even though the stock’s tanked from $118 to $50 this year. Meanwhile, she’s ditching winners like Palantir and Roku while crypto markets bleed—and former Binance CEO Changpeng Zhao just quit sharing trades after getting burned big time. Wood’s doubling down on crypto infrastructure when the whole scene feels like a wild, risky bet.