“There’s a fascinating discussion to be had about whether what Hwang did was full-blown fraud, but I won’t bother trying to outdo Matt Levine on that front. Instead, I want to focus on the financial mechanics of what Archegos was up to, and why it’s extremely important for cryptocurrency holders or traders to understand.” (CoinDesk columnist David Z. Morris) … “Yet, that surface-level assessment misses some striking new adoption trends that aren’t easily apparent to mainstream commentators. Minorities and various other marginalized groups are turning to crypto as a tool and developing unique, new innovative uses for it – often at a faster pace than communities that have traditionally had more privileged access to resources. This experience demands a careful approach to fostering diversity. We must not throw the baby out with the bathwater.” (CoinDesk Chief Content Officer Michael Casey) … “The broad selloff has erased trillions of dollars in market value from the tech-heavy gauge, with investors souring on shares of everything from software and semiconductor companies to social-media giants.” (The Wall Street Journal) … “The closings and demands for constant checks and vigilance, especially in Shanghai, have ignited public frustration, exhausted local officials and medical workers, and sapped economic momentum.” (The New York Times)
Singapore’s Distaste for Retail Crypto Is Spooking Institutional Money
