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Your daily access to the backroom
Crypto’s shutdown wave exposes a funding model that mistook capital for demand. With 82 projects dead in 2026, even well-funded ventures are failing to turn deposits, token incentives and investor backing into sustainable revenue. The market is no longer paying for potential.
The approval ends a three-year wait at the exchange's own headquarters, but it covers only spot trading, leaving Bybit's core derivatives business outside the licence while rival Binance's Dubai licence already includes it.
Both guests read the stock-paired meme craze as a sign the sector has momentum, though their more durable case rests on what holders can do with a share once it sits in a wallet.
The undisclosed-price deal gives Bitget a Thai licence through a vehicle incorporated two days before GMO approved the sale, and lands less than a month after the exchange lost about $387.5 million in a hot wallet breach.
