Today on Chain Reaction, we cover the sharp crypto market downturn triggered by escalating U.S.-EU trade tensions, with Bitcoin sliding below ninety-three thousand dollars and over eight hundred million dollars in liquidations. We explore record institutional flows into Bitcoin and Ethereum ETFs signaling a shift away from arbitrage toward long-term bullish positioning, plus Ethereum's all-time high transaction volume despite minimal exit queues. MicroStrategy's Michael Saylor hints at another massive Bitcoin purchase, Hyperliquid dominates decentralized futures trading, and the controversial crypto market structure bill faces delays over stablecoin yield disputes. Gold and silver hit record highs while Bitcoin struggles to prove its digital gold narrative during geopolitical uncertainty.