I recently had a chat with Sarah, who is currently in Dubai. Fortunately, she was far from the flooding in the city center and didn't see a drop of water, though she did receive a flood of messages about it. Apparently there were heroes like Moses parting the sea.
We then got to work and spoke about the Solana DeFi project called MarginFi. The CEO abruptly quit, causing the project's value to drop significantly. This sparked a broader discussion about the risks associated with investing in DeFi projects. We noted the lack of safeguards compared to traditional markets and how quickly things can change in the DeFi space. I really want your feedback on my comments. Please do.
We also touched on the regulatory environment in Hong Kong and how it might affect the crypto market, particularly with the recent approval of a Bitcoin spot ETF. This led us into a broader conversation about the differences between regulated and unregulated markets, the maturity of companies, and the implications for investors.
Overall, our discussion covered a range of topics from local issues in Dubai to broader financial and regulatory trends affecting the global market.
Happy HODLing and reach out with comments!
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