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📺 ROLLUP: 3rd Week of May (Dip Week, The Rise of Polygon, Elon Crypto, Coinbase Outage, China)

Bankless

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Crypto Confusion and Financial Stability

This chapter explores a significant incident at BlockFi where users mistakenly received Bitcoin instead of USDC, raising questions about ownership and regulation in the crypto realm. The discussion also addresses the reaction of traditional banks, particularly in China, towards cryptocurrencies as a potential threat to financial stability, and their gradual adoption of blockchain technology. Additionally, it covers the technical issues faced by Binance Smart Chain and notable developments in cryptocurrency investments, highlighting trends and innovations in the market.

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