Totally agree. Privacy is not anonymity but rather allows one to specify who has (or has not) access to what data under what circumstances and what is allowed to be done with that data - in other words, to be compliant. Nothing new here, always been like that :-)
New is, excitingly, that our industry is realizing that privacy is key to move forward and break out of web3. @RialoHQ will implement privacy so that onchain apps can be compliant and TradFi can move onchain.

Indeed, @_weidai calls this maximal privacy and the privacy trilemma (https://x.com/_weidai/status/1928127093671678029…). Compliance is the only way for privacy to be scalable beyond the current crypto ecosystem. @ligero_inc is a privacy-tech company, but compliance is our value proposition. We are going

Muthu Venkitasubramaniam

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]