In the past two days, I saw a bunch of people comparing stablecoin supply curves to ETF net inflows, and then jumping to conclusions, saying that the correlation looks real but might not necessarily be causal.

Having more stablecoins could just be off-chain rebalancing, market-making reserves, or on-chain transfers, or even simply some institutions opening and closing the gates...
I’m used to first looking at permissions and issuance/repayment policies, then the narrative, otherwise it’s easy to be misled by “the chart looks beautiful.”

By the way, I was a bit slow to catch on about the “hardware wallet shortage,” I only found out yesterday, no wonder phishing links have suddenly increased recently.
Everyone’s security awareness has improved, but scammers are also evolving.
Now I instinctively pause before clicking links, so I’ll leave it at that.