order-book depth is fragmenting treasury policy

A simple checklist—order-book depth, venture funding, and inventory—beats improvising under stress.
Stay close to what users and balance sheets are actually doing.
Put beside current chatter on “North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot,” the incentive problem looks clearer.
Markets rarely move for a single reason.
Meanwhile, validator economics can either confirm the move or expose it as temporary.
Meanwhile, self-custody adoption can either confirm the move or expose it as temporary.
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