According to @GracyBitget, her HKUST Crypto Finance course used real-market case studies—the 3AC collapse, StepN’s economic-model death spiral, and the 10/11 record liquidation day—to train trader-focused risk management and pitfall avoidance, source: @GracyBitget. In an October classroom example, she advised against buying Circle stock due to revenue concentration on Coinbase and Binance and earnings sensitivity to potential Fed rate cuts, suggesting a revisit near $50–$60; she noted the price was $129 then and is $71 now, source: @GracyBitget. Key trading takeaway emphasized is to avoid narrative-only decisions by quantifying counterparty concentration and rate-cycle risk for stablecoin issuers and preparing for liquidation cascades during volatility spikes like 10/11, source: @GracyBitget.