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Original author: Token Dispatch and Thejaswini MA Original translation: Block unicorn Preface There comes a moment in every industry when old enemies suddenly realize they are fighting the wrong war. In finance, this moment arrived quietly in 2025, not through a grand announcement but through a series of seemingly unrelated corporate initiatives that heralded a profound shift: the end of the traditional finance (TradFi) versus decentralized finance (DeFi) standoff. For years, these two financial ecosystems have operated like parallel universes. Traditional finance (TradFi) lives in a world of T+2 settlement, banking hours, and regulatory compliance. Centralized finance (DeFi) exists in the realm of instant settlement, 24/7 operation, and permissionless innovation. They speak different languages, follow different principles, and are suspicious of each other. We all know about that acquisition spree:…# Analysis# bitcoin# MarketPre
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