Opinion · Nov 8, 2026 00:00 UTC

DeFi angle: perpetual futures is supporting hedg — funding rates continues to pressure basi

When books are thin, narratives look stronger than they are.

Put beside current chatter on “IREN’s Bitcoin Mining Revenue Falls as AI Cloud Sales Nearly Triple,” the incentive problem looks clearer.

Meanwhile, treasury diversification can either confirm the move or expose it as temporary.

Clarity beats speed for teams that have to ship through uncertainty.

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