Just finished my third cup of coffee and found it’s already cold—just like the recent market hype: it cools down pretty fast.

Posts everywhere are connecting ETF fund flows and US stock risk appetite, interpreting them together. Anyway, I glanced at on-chain data—whales seem pretty quiet and haven’t really moved.

Back to re-staking and shared security: lately, some people keep stacking returns like building LEGO—layer on layer, looks pretty good. But honestly, stack too much and you may stack the illusion too—security isn’t built by piling up a few protocol names. Even if TVL is higher, it doesn’t mean the underlying layer won’t have bugs. I’m just an average retail user—I’d rather make a bit less than wait in the shadows for a blow-up.

Anyway, sip some cold coffee to clear your head—don’t let the hype get you carried away.