self-custody adoption is forcing a rethink of de — cross-exchange spreads is consolidating

Mapping stablecoin velocity against stablecoin settlement is a simple way to stress-test a thesis.
That debate sits next to today’s market focus around “Threshold Says tBTC Operators Patched or Went Offline Over Linux Flaw.”
Discipline is cheapest before volatility arrives.
Risk is easiest to ignore precisely when it is most expensive.
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