The Federal Reserve officially ended quantitative tightening and immediately pumped $13.5 billion into markets through an overnight repo—clear signs of growing stress in the system. At the same time, new controversy is hitting Tether’s balance sheet, raising fresh questions about stablecoin stability. And in a surprise move, Vanguard is preparing to launch its own Bitcoin ETF, marking a major shift from one of Wall Street’s most anti-crypto giants. With liquidity returning, institutions pivoting, and trust in key crypto players under pressure, today’s developments could reshape the entire market.