BlueSky Thinking Summary

In the wake of FTX's bankruptcy, the cryptocurrency industry has entered a "crypto winter," punctuated by heavy regulatory scrutiny from the SEC and a wariness among investors.

According to Sarit Markovich of the Kellogg School, the shift to DeFi is what will reduce risks like those exposed in centralized exchanges like FTX.

She mentioned the allure of DeFi platforms, which rid central control, but also mentioned their existing challenges: user experience and security.

He also spoke about the fall of venture capital into crypto startups, pointing out that the future is going to be careful and regulated.

Amid sour markets and regulatory pressures, stablecoins and a series of other innovations move to the mainstream of finance, signaling at the moment a slowly hopeful future for the industry.

To professionals who have been keeping an eye on crypto potentials, this evolving landscape is something to be keen about.

After all, the next wave of innovation could be one that will redefine financial systems.

Ready to see where this decentralized future takes us?