The bankrupt billionaire and founding father of FTX Sam Bankman-Fried is lastly arrested (Report, FT.com, December 13). It jogs my memory of a Chinese language idiom. When the lips are gone your tooth can be uncovered to the winter chill.
FTX rival Changpeng Zhao of Binance — based on a current Reuters report — is being investigated by the US Justice Division for doable cash laundering. The boss of the most important crypto alternate should be questioning if a very decentralised alternate may serve crypto customers higher.
Whereas bitcoin is struggling to get better to $17,000, Dogecoin could drop additional to beneath $0.08. Elon Musk is rumoured to kick off a Twitter coin and the poor Dogecoin is more and more like a Cinderella — bullied by a depraved stepmother. Nevertheless, there may be all the time a silver lining. Perhaps it’s excellent news for the $258bn Dogecoin class motion.
How lengthy will the crypto winter final? A protracted and chilly winter is inevitable for bitcoin and Dogecoin holders. Nevertheless, based on the Chinese language perception in yin and yang, the winter solstice — which falls on December 22 — is the start of a gradual turning level.
Khaw Wei Kang
Macau
