Big investors are giving up on crypto markets going mainstream

The implosions and scandals of the past few months have laid waste to the key arguments of crypto boosters, and all but obliterated the notion of Bitcoin as safe haven in turbulent times. But none of those events — from the TerraUSD collapse to the Celsius bankruptcy — were as damning as the revelation that even FTX, until recently considered one of the most blue-chip names in crypto, was unsound.

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