restaking continues to pressure treasury policy

Cycles rhyme, but the plumbing underneath keeps changing.

That is why watching macro liquidity alongside lending markets usually explains more than chasing every alert.

Put beside current chatter on “Crypto PACs eye 2028 ‘new map’ as Democrats take Congress,” the incentive problem looks clearer.

Ignoring stablecoin minting because bridge security looks exciting is how late-cycle mistakes compound.

Ignoring NFT liquidity because self-custody adoption looks exciting is how late-cycle mistakes compound.

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