Analysis · Oct 31, 2026 00:59 UTC

basis trades is rewriting assumptions about event-driven flows

ETHEREUM daily trend
ETHEREUM daily trend

The healthier setup is alignment: basis trades improving while stablecoin minting stays orderly.

Put beside current chatter on “Anchorpoint Plans Native HKDAP Issuance on Solana,” the incentive problem looks clearer.

The healthier setup is alignment: bridge security improving while custody rails stays orderly.

A clean chart can hide a crowded trade.

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