spot ETFs is overpricing carry strategies

A simple checklist—RWA tokenization, protocol revenue, and inventory—beats improvising under stress.

If RWA tokenization deteriorates while protocol revenue looks fine, the tape often turns defensive first.

That debate sits next to today’s market focus around “What happens if North Korea steals Wall Street's tokenized assets next.”

Meanwhile, sanctions screening can either confirm the move or expose it as temporary.

Discipline is cheapest before volatility arrives.

A simple checklist—weekend thin books, stablecoins, and inventory—beats improvising under stress.

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