Bitcoin’s return to $83,000 has pushed sentiment into greed, but volatile ETF flows, fading macro support and Ethereum’s institutional shortfall suggest this rally rests on shakier ground than the headlines imply.
The Amsterdam-listed buyer took control of the miner Alameda sank $1.15 billion into on the day FTX's estate dropped its clawback suit, and its CEO says he has "zero interest" in mining bitcoin.
Chia Der Jiun's remarks, made a week before MAS's consultation on stablecoin legislation closes, put central bank money at the top of Singapore's settlement hierarchy and raise the prospect of reserve access for systemically important issuers.
THORChain’s history of centralization, security failures and questionable money flows is well documented. But are today’s critics getting the technical and legal arguments right – and are they applying the same standards to other major DeFi projects?