Today I saw the 10-year US Treasury yield spike up again, and it sent a jolt through me. Honestly, I don’t usually like to talk about macro stuff, but lately position adjustments have really been pulled along by it. When rates tighten, risk appetite feels like a pool drained of its confidence—money gets squeezed out fast; even gas goes quiet, which is pretty ironic. Before, when it was clogged, people complained it was too expensive; now it’s cheaper, but I’m actually more afraid to move. The NFT crowd is still arguing about royalties and secondary liquidity. To be honest, I don’t really get it: on one hand they say they want to protect creators’ income, and on the other they complain that trading volume is drying up. That contradiction just sits there unsolved—nobody has a fix. Anyway, I’ve been moving less and watching more lately. The water in the pool is shallow—don’t step and miss. For now, that’s it; I’ll keep building and testing a few small tools on the network.