Trend · Nov 9, 2026 01:01 UTC

on-chain fees continues to pressure basis compression

The loudest story is not always the decisive one.

Historically, stretches where on-chain fees leads without support from perpetual futures invite sharper reversals.

Put beside current chatter on “FinCEN Moves to Cut MEXC Global Off From US Banks Over Alleged $16B Illicit Flows,” the incentive problem looks clearer.

Ignoring NFT liquidity because self-custody adoption looks exciting is how late-cycle mistakes compound.

Useful frameworks survive longer than seasonal slogans.

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