Deep Tide TechFlow message: On June 01, Starknet co-founder Eli Ben-Sasson tweeted that the cryptocurrency industry is currently facing an identity crisis. On the one hand, many long-term OGs are choosing to leave; on the other hand, institutions and TradFi are finally starting to pay attention—which is exactly who crypto originally set out to resist. In response, Multicoin Capital co-founder Kyle Samani commented, “Web3 is dead; we now only have DeFi and DePIN.”

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