I muted the group, and my ears feel much clearer. My heartbeat also isn’t as easily thrown off by forwarded takes like “Did you lose your anchoring?” or “Is there a problem with the reserves?” Previously, once the chat started to flood, I’d immediately start imagining the worst-case scenario—only to find I hadn’t actually finished the homework I was supposed to do.

Lately, everyone keeps stringing stablecoin supply, ETF in-and-out flows, and how much money is in the OTC market together into one continuous line, as if it works like pressing a button that will make prices go up or down… I’m anxious too, but the truth is, correlation doesn’t equal causation. Data can explain feelings, but it doesn’t necessarily predict results. And once regulatory rumors start circulating, people are even more likely to fill in the blanks with “rumors.”

That’s where I’m at now: I’ll go slower. First, I’ll check whether the reserve audit is actually understandable to humans—whether the multi-signature and redemption channels have any traps—then I’ll decide whether to take action. Cross-chain is basically like walking a tightrope; if you rush, you’re more likely to misstep. That’s all for now.