lending markets is rewriting assumptions about m — institutional desks keeps reshaping basi

If both institutional desks and governance turnout improve together, follow-through is more believable.

That debate sits next to today’s market focus around “South Korea urges exchanges to boost cold storage after Binance hack.”

The edge is often just refusing to confuse volume with conviction.

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

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