overall thesis has not changed much: I still think we are in a transition environment — not a clean euphoric bull market where everything goes vertical at once. And honestly, the recent rsETH situation tied to AAVE is a perfect reminder of why process, survivability, and risk management matter so much in DeFi.

Bitcoin is finishing the year doing what it often does before major moves — compressing. We’re sitting just under $89,000, and volatility is clearly building. Anyone who’s been around long enough knows this kind of price action usually resolves with force.