self-custody adoption is fragmenting treasury policy: reading the Binance Warns tape
Useful frameworks survive longer than seasonal slogans.
When sanctions screening and liquid staking disagree, sizing down beats inventing a clever story.
Even when feeds obsess over “Binance Warns of Apple iOS Flaw That Could Expose iPhone Users' Private Keys,” the durable question remains process versus prediction.
Historically, stretches where self-custody adoption leads without support from developer activity invite sharper reversals.
Ignoring protocol revenue because exchange reserves looks exciting is how late-cycle mistakes compound.
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