DeFi angle: perpetual futures is testing conviction in carry strategies

Keeping a written thesis helps avoid narrative whiplash.

Desks that separate governance turnout from Ether tend to react less emotionally to noise.

Against the backdrop of “US Treasury cuts off MEXC over alleged $16B in illicit transactions” and “Apple, Meta reject OKX”, positioning still matters more than slogans.

Treat perpetual futures as the constraint and treasury diversification as the amplifier, not the other way around.

For operators, process beats prediction when the tape is noisy.

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