Let's stop romanticizing unregulated gambling disguised as 'financial innovation.' 🤡 The Cerebras IPO on-chain perp madness didn't prove DeFi won; it proved how dangerous unbacked synthetic assets are. Pumping a pre-IPO token to $380 before Nasdaq opened just caused massive distortion, leading to a brutal dump to $311 at the close. Traditional exchanges are absolutely right to warn Congress under the CLARITY Act. These decentralized perps distort true market benchmarks and lack basic investor protection. No lockups and zero ticket minimums just mean retail gets slaughtered by whale manipulation 24/7. Now they are targeting the SpaceX $2T listing for June 12? It’s a systemic risk waiting to explode. True price discovery belongs on regulated traditional exchanges, not fragmented, manipulated on-chain pools. Waiting for the official listing is the only sane risk management move here. Would you trust your capital to unregulated smart contracts or Wall Street? 📉🛑 #IsraelPrepsIranStrike #IsraelPrepsIranStrike