institutional desks is the overlooked driver of basis compression

In that environment, patience is a position, not a slogan.

Against the backdrop of “Why Would China Send a Spy to Nvidia CEO Jensen Huang?” and “CFTC Reportedly Warns Kalshi of Charges Over Prediction Market Launches”, positioning still matters more than slogans.

Stay close to what users and balance sheets are actually doing.

The loudest story is not always the decisive one.

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