Matrixport's Shocking Revelation: The $131B Crypto Crash Unveiled - Wu Speaks Out
Matrixport's Wu defends the firm against allegations of intentional market manipulation, asserting analysts' autonomy. The $131 billion crypto crash prompts skepticism, recalling Wu's past role in the 2017 Blockchain Wars. The market sees significant losses, with MultiversX, Theta Network, and SATS leading the decline. Despite market turmoil, YouTuber Scott Melker suggests a connection between the crash and mechanisms aligning derivative and spot prices. Wu remains optimistic about a spot BTC ETF in the long term, emphasizing ongoing market uncertainties.
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