The Midnight Blast

Of all the horrid, hideous notes of woe,
Sadder than owl-songs or the midnight blast;
Is that portentous phrase, “I told you so.”

Lord Byron

• Web3 is going just great
• To Be Clear, Web3 Is Not Going Great (Slate)
• Cautionary Tales from Cryptoland (Harvard Business Review)
• SEC’s Crypto Assets and Cyber Unit Expands Its Reach to Cryptomining (National Law Review)
• Nvidia fined $5.5M by SEC over failing to disclose crypto as revenue generator (CBS News)
• El Salvador expected to default as bitcoin plummets (El País)
• Crypto industry shaken as Tether’s dollar peg snaps (Financial Times)
• Bitcoin plunges to lowest price since 2020 amid broader sell-off (Ars Technica)
• 40% of bitcoin investors are now underwater, new data shows (CNBC)

And, despite the risk of this becoming a Molly White hagiography post, Digital artists' post-bubble hopes for NFTs don't need a blockchain (mollywhite.net).