sanctions screening is fragmenting liquidity conditions

If both options skew and spot ETFs improve together, follow-through is more believable.

That debate sits next to today’s market focus around “FalconX Backs $250M Credit Facility for Ibis as Crypto Lending Infrastructure Evolves.”

If both treasury diversification and staking yields improve together, follow-through is more believable.

Historically, stretches where basis trades leads without support from stablecoin minting invite sharper reversals.

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