The week divided the crypto market into two poles. On one side are public companies that have adopted the Strategy model: the first Bitcoin sale in three years, unrealized losses reaching tens of billions, and the issuance of preferred shares for dividends. On the other side are banks and payment networks, which for the first time are moving transactions to blockchain at significant volumes. Mastercard, JPMorgan, Citi, and Binance are building infrastructure for tokenization and stablecoin settlements. The corporate "buy and hold" model has shown its limits. Strategy sold Bitcoin for the first time since December 2022 — 32 BTC for $2.5 million at an average price of $77,100, to cover dividends on preferred shares. Two days later, the company bought 810 BTC, maintaining 843,700 BTC ($59 billion) with unrealized losses of $5 billion. Chairman Michael Saylor promised to buy 10–20 BTC for every one sold. Strive took advantage of the dip, acquiring 2,500 BTC for $185.2 million, becoming the seventh-largest corporate holder. Bitmine went further by filing for a listing of BMNP preferred shares with a 9.5% dividend to buy more ETH, despite an unrealized loss of $9.3 billion (-49.5%) on 5.4 million ETH. Traditional finance moves settlements to blockchain. Payment giants are institutionalizing crypto rails. Mastercard expanded settlements to include stablecoins USDC, PYUSD, USDG, USDP, RLUSD, and SoFiUSD after obtaining a BitLicense from the New York regulator and purchasing infrastructure provider BVNK for $1.8 billion. JPMorgan, Citi, Wells Fargo, and Bank of America are preparing a network of tokenized deposits via The Clearing House, with a launch at the beginning of 2027 and global corporations as initial clients. Binance added over seven thousand U.S. stocks and ETFs for trading with USDC and USDT and will soon launch bStocks—tokenized stocks on the BNB Chain network with instant settlements and DeFi applications in the coming weeks. Cryptocurrency becomes a tool of sanction pressure. States have turned exchanges and stablecoins into instruments of coercion. The U.S., under the "Economic Fury" campaign, imposed sanctions against Iran's Nobitex, which handled over 50% of the country's digital assets in 2025, and exchanges Wallex, Bitpin, and Ramzinex. Treasury Secretary Scott Bessent reported confiscating $1 billion from Iran. Trump-linked WLFI froze HTX assets and delisted the stablecoin USD1 following British sanctions against Huobi Global SA, which had moved over $1.5 billion through the Garantex exchange to bypass restrictions. Russia added 17-year-old Alexander Browder to its sanctions list for disclosing the schemes of the ruble-backed stablecoin A7A5 (with a $585.4 million market cap).