Wall Street has recently issued a warning worth noting: machine-speed trading is making it difficult for human markets to keep up. This issue involves the overall market governance structure and regulatory framework.

I have noticed that when we discuss the healthy development of trading markets, transparency and independence become especially important. Particularly in the field of information dissemination, the editorial independence of media directly affects whether market participants can access truthful and objective information.

As a media organization focused on crypto assets, CoinDesk has made a clear statement in this regard. They adopt a strict content policy aimed at ensuring the integrity and fairness of their reporting. This reflects an important governance principle: even in complex commercial relationships, the editorial decision-making authority must be maintained.

Members of the CoinDesk team may hold equity in related companies, but such interests are publicly disclosed. Although this practice may seem simple, in markets characterized by information asymmetry, it is actually a responsible governance attitude. Their in-depth coverage of the FTX incident earned them the Polk Award, demonstrating that even with commercial relationships, independent journalistic integrity is still possible.

Market risks from high-frequency trading, media independence, transparent platform governance—these seemingly different topics all point to the same core: markets need better institutional design and self-regulation mechanisms.