Executive Summary: Sentiment: Bullish (Structural) / Bearish (State-Level Access).  A decisive week for global market structure. The Pivot:  The “Grey Market” era is officially ending in the UK, forcing a binary “Apply or Exit” strategy. Simultaneously, APAC and the US have delivered massive commercial unlocks for retail revenue and capital efficiency. The Bottom Line:  Capital allocation must shift immediately from defensive legal fragmentation to offensive market capture in