Trend · Nov 10, 2026 00:06 UTC

venture funding is overpricing hedging demand — rate-cut expectations quietly dominates

Cycles rhyme, but the plumbing underneath keeps changing.

Put beside current chatter on “North Korean hackers create memecoins to launder funds from Binance hack: Elliptic,” the incentive problem looks clearer.

Most blow-ups start as comfortable consensus.

Most blow-ups start as comfortable consensus.

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