According to the author, the dilution of cypherpunk values in crypto, such as Coinbase's sponsorship of political events (source: article) and Ripple's increased lobbying in Washington D.C., could heighten regulatory risks and market volatility. This may lead to uncertainty in trading for major cryptocurrencies like BTC and ETH, as corporate alignments with traditional power structures undermine decentralization principles and invite stricter oversight.

According to Acyn, the dilution of cypherpunk values in the crypto industry, highlighted by Coinbase's sponsorship of political events and Ripple's aggressive lobbying efforts, could increase regulatory risks and market volatility. This comes as BTC shows a 4.167% price increase to $105,298.45 and ETH rises 7.398% to $2,411.60 in the past 24 hours, signaling potential sentiment shifts among traders.

According to Miles Deutscher, the institutionalisation of Bitcoin through the introduction of ETFs has disrupted the typical fund flow from BTC to ETH and then to altcoins, fundamentally changing trading dynamics in the crypto market. Previously, traders relied on the wealth effect from Bitcoin rallies to fuel gains in Ethereum and altcoins, but this pattern has weakened as institutional investors favor Bitcoin directly via ETFs. This shift has led to 'risk on' periods determined by ETF flows rather than retail-driven wealth cycles, meaning traders should closely monitor ETF inflows and institutional activity to predict market moves (Source: Miles Deutscher, Twitter, June 9, 2025).