The US government is now in charge of Binance’s compliance department for the next five years, and it looks like Changpeng may do some jail time.

I don’t know how much you’ve been paying attention to the Sam Bankman-Fried criminal trial that’s been ongoing over the last month.

If you get enough people chipping away in little ways like this, it adds up to a big difference.

We come to the sixtieth consecutive month I’ve been writing these Monthly Updates. I suppose there’s a fine line between persistence and insanity!

Bad actors are attracted to crypto like moths to a flame

The adults are coming! The adults are coming!

There’s a palpable malaise in crypto right now and I believe a big driver of it is the ecosystem’s collective realization of how little we have to show for ourselves

I don’t think the “fundamentals” of the names on that table are going to carry prices higher in the near-term. Cause the fundamentals just don’t seem that great at the moment.

A banking crisis that effectively kneecapped the US crypto banking industry. BTC +23% on the month.

By most accounts, it was the most coordinated, multifaceted crackdown in a single month in the history of crypto.

Is this a fight worth fighting?

Crypto has a large attack vector from intelligent sociopaths.

Should the Republicans sweep, I believe smart money knows this will be bullish crypto and that should be reflected in crypto price action.

The best investor in the world says now is the hardest environment to forecast he’s ever seen.