Türkçe
Español
Cryptocurrencies have gradually opened up to institutional investors, leading to a surge in demand following last year’s ETF approval. Additionally, Trump took office as the first president supportive of cryptocurrencies, resulting in significant market increases. However, there is a critical issue at play.
The Decline of Cryptocurrencies
Bitcoin 
$109,557 was introduced to the world with a specific philosophy by Nakamoto. Today, cryptocurrencies have largely deviated from their original purpose, overshadowed by global regulations and banking norms. Vitalik Buterin even indicated the possibility of distancing himself from Ethereum 
$2,579, stating that most investors are indifferent to its ethical values and philosophy.
As we grew away from cryptocurrencies’ core principles, the narrative of Web3 has shifted us from a new digital finance era to a crypto-flavored version of existing digital finance. Ultimately, we’ve entered a phase where the intrinsic value of cryptocurrencies is compromised, and everyone is solely focused on profits.
Corruption in Cryptocurrencies
Corruption in crypto raises names and events associated with malicious intent. SBF represented a new generation of investors indifferent to cryptocurrencies’ philosophical underpinnings, engaging in manipulative practices. Justin Sun has long been recognized as one of the most corrupt figures in crypto, exploiting and making extravagant promises while being aware of his dangerous reputation among seasoned investors.
When the SEC sued Justin Sun for malfeasance and market manipulation, comments arose suggesting that crypto might be purging itself from sins. Recently, issues between the SEC and Trump’s family crypto project, WLFI, were resolved partly by Sun, highlighting the ongoing struggles within the cryptocurrency space.
