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so apparently one of the biggest crypto exchange CEOs just got knocked off the billionaires list lol. dude went from like $17.7B to $7.5B net worth. that's insane. all because the exchange's shares tanked 60% since July and everyone's pulling back on trading volumes.
JPMorgan basically said the whole thing's slowing down - crypto prices softer, way less volume, stablecoins not growing. makes sense when you think about it. when BTC moves, the whole market follows. Bitcoin's been getting hammered too, down like half from October peaks.
what's wild is it's not just him. the Winklevoss twins went from $8.2B each down to like $1.9B. even that Galaxy Digital guy dropped from $10.3B to $6.2B. feels like everyone in crypto took a massive L this cycle. the wealth destruction is real when the market turns. you holding or did you already bounce?