Big move from the traditional finance side: JPMorgan's asset management division is phasing out proxy advisers in the US market. This shift signals a notable change in how major institutional players approach governance and voting strategies.

What does this mean for the broader market? When mega-cap financial institutions overhaul their advisory frameworks, it often ripples through asset allocation decisions and market positioning. The move highlights JPMorgan's push toward more direct, independent decision-making rather than relying on third-party proxy guidance.

Institutional behavior like this matters—especially as we watch how traditional finance continues to navigate portfolio management in an increasingly complex market environment. Whether this influences crypto adoption strategies or institutional exposure remains to be seen, but it's the kind of structural change worth monitoring.