NFT liquidity still sets the tone for hedging de — rate-cut expectations quietly dominates

The loudest story is not always the decisive one.

That debate sits next to today’s market focus around “Spiko Reports $2.38B in SAFO as Tokenized Cash Funds Reach Business Treasuries.”

Keeping a written thesis helps avoid narrative whiplash.

Treat NFT liquidity as the constraint and self-custody adoption as the amplifier, not the other way around.

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