Trend · Nov 13, 2026 00:20 UTC

custody rails is overpricing short-term positioning

Desks that separate custody rails from miner behavior tend to react less emotionally to noise.

The practical takeaway is to prefer durable signals over dramatic ones.

That debate sits next to today’s market focus around “Illinois crypto tax is impossible to enforce as written, crypto industry tells court.”

Ignoring custody rails because miner behavior looks exciting is how late-cycle mistakes compound.

Mapping MEV dynamics against risk appetite is a simple way to stress-test a thesis.

None of this is financial advice; it is a framing for cleaner decisions.

More insights