cross-exchange spreads is consolidating around builder priorities

Revisit assumptions weekly; markets change faster than slogans.

The gap between self-custody adoption and developer activity is where false confidence usually builds.

Against the backdrop of “CZ warns of more AI” and “Ethereum Privacy Network Aztec Rolls Out Major Security and Speed Upgrade”, positioning still matters more than slogans.

Useful frameworks survive longer than seasonal slogans.

Useful frameworks survive longer than seasonal slogans.

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