I saw someone equate ETF fund flows with U.S. stock risk appetite, saying crypto goes up or down based on this signal... Honestly, I buy it half. After all, I'll check on-chain for real money inflows myself.

LST and re-staking are hot recently, but many people don’t quite understand where the yield comes from. Simply put, you deposit ETH, the project uses your coins to do something else to generate yield, and gives you a cut — but what exactly is that "something else"? Many protocols can't even clearly define it.

The risks are even funnier. Besides the usual smart contract hacks, now node operator slashing rules can be changed on the fly, and you can't even look them up. The craziest project I’ve seen had its docs say "governed by DAO", but before the DAO vote even started, the team swapped their multi-sig wallet first.

Anyway, I only keep a small portion in these plays now; most of my capital just chills on basic staking yield. If the signals turn bad, I run — no patience for that.