Crypto market participants getting very good at blaming whatever happened most recently for poor performance. No, the nomination of Warsh as Fed Chair is not the reason for a 20% weekend decline. He's still a dove, & mature markets know this. Equities up. Rates stable. Ho-hum in TradFi. The reality is most digital assets are just terribly constructed tokens. The exchanges, VCs & token issuers have killed the customer base. And the narratives around what makes BTC, ETH and SOL valuable or "safe" have just been flat out wrong. Can't fix the core problem if we keep trying to obfuscate the problem.