RE: From Downfall of Luna to Celsius and Beyond. Why?

Thanks for the write up.

It seems crypto keeps falling into the 2008 trap of its biggest pillars also being the biggest speculators. We need to start demanding that these companies don't take on market risk in the same way Dodd-Frank prohibited banks from doing it. Otherwise, the only thing that's going to stabilize this is regulation.

Financial institutions are in a constant battle with each other and these small crypto firms are no match for them. As more wall street institutions decide they want in, they are going to target these smaller crypto companies pain points. If that means knocking ethereum down by half just to watch Celsius implode so they get a better price on eth while bringing more customers under their trusted umbrella, they will do it.

No idea if that's what's happening here but these exchanges are putting themselves in very vulnerable positions that are now hurting the whole space.