First Mover Asia: Ethereum Isn’t wETH or stETH, but Jokes Still Move Markets
James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Crypto markets spent much of Monday in the red before a late-day rally sent most major tokens into positive territory, even as the industry continued to process the dual body blows of crypto lender BlockFi’s Chapter 11 bankruptcy protection filing and widespread protests in China over severe COVID-19 restrictions.