These days, I've been paying attention to the disclosure of stablecoin reserves. Frankly, I'm not afraid of its "short-term fluctuations"; what worries me is information asymmetry: you might think it's just cash plus government bonds, but they could also be mixed with a bunch of obscure notes. De-pegging is often not a mathematical problem; it's driven by panic runs, with everyone wanting to be the first to escape, and in the end, no one can really get away.

By the way, I've been looking at AI agents and automated trading systems. The narrative is quite hyped, and on-chain interactions are indeed active, but many people seem to ignore the security issues: permissions, blacklists, contract upgrades... A bunch of small buttons, and when something goes wrong, it turns into a big hole.

I'm pretty old-fashioned now: spreading out assets, leaving enough gas, and pre-drawing liquidation lines as escape routes, even if it means earning a little less. When the market gets volatile, I start to feel anxious; anyway, I prioritize "survival" above all.