I think this also lines up with arisocratic behaviour in lots of places because luxury/pleasure-chasing is seen as something that people without means or access do

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South Korea's crackdown on virtual asset crime has officially extended from centralized exchanges (CEXs) to decentralized exchanges (DEXs). For the first time, South Korean prosecutors have initiated investigations into decentralized exchanges under the Virtual Asset User Protection Act…
The article, titled "South Korea Makes First Arrest | _2024111120230_ | Rug Pull Mastermind! CATFI Soars a Thousandfold, 6,000 People BlockTempo and Go to Zero," was originally published on BlockTempo, the most influential blockchain ABMedia media.

South Korea makes its first arrest | _2024111120230_ | Rug Pull mastermind behind cryptocurrency issuance! CATFI surges a thousandfold, 6,000 people who bought in end up with nothing.

An unknown trader’s $1.3 billion sale of shares in BlackRock’s Bitcoin exchange-traded fund on Tuesday has coincided with a steep fall in the price of Bitcoin immediately after the sale, according to ...

Bitcoin’s recent drop coincides with $1.3B ‘dark pool’ ETF sale: Analyst

Author: David Hoffman
Translator: Jia Huan, ChainCatcher

If you missed last week's news, I sold my ETH.

Making this decision was no easy feat for someone who has built a career, community, identity, and business empire around Ethereum.

The reasons for the sale require a more thorough explanation than a few scattered tweets.

The argument that "ETH is money" hasn't failed…it has simply been delivered. Ethereum has received the ETH price it deserves, and I believe ETH as an asset…