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T. Rowe Price 推出主动管理的多币种加密 ETF，交易者需要关注篮子敞口、管理人轮动风险与单币集中度。

T. Rowe Price has launched an actively managed multi-token crypto ETF, giving traders a new way to think about basket exposure, manager risk and single-coin concentration.

集中流动性能提高资金效率，但价格离开区间后，仓位可能不赚手续费却继续承担代币风险。

Concentrated liquidity can improve capital efficiency, but out-of-range positions may earn no fees while still carrying token risk.

法国要求屏蔽 Polymarket，说明预测市场风险不只包括赔率、流动性和结算规则，还包括平台可访问性。

France’s order to block Polymarket turns prediction-market risk into more than a question of odds, liquidity and resolution rules.

Broadridge 新调查和 DTCC 的时间表显示，交易者应关注结算、托管和基金流程，而不只是代币价格。

A new Broadridge survey and DTCC tokenization timeline suggest traders should watch settlement, custody and fund workflows, not only token tickers.

DEX 交易者要先处理止损自动化、滑点和网络费问题，因为链上交易未必有中心化订单簿兜底。

DEX traders need to think about stop-loss automation, slippage and network fees before the trade, because there may be no exchange order book to protect them later.