spot ETFs remains the swing factor for hedging demand

Markets rarely move for a single reason.

Mapping wallet UX against options skew is a simple way to stress-test a thesis.

Put beside current chatter on “Franklin Templeton Hits $1.1 Billion on Stellar (XLM), Leaving XRP Ledger Far Behind,” the incentive problem looks clearer.

Meanwhile, sanctions screening can either confirm the move or expose it as temporary.

Markets rarely move for a single reason.

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