First Mover Asia: Cryptos Rise, Even as Stocks Falter; Token2049 Conference Signals Singapore’s Resurgence as a Crypto Hub

Despite the ongoing, macroeconomic turbulence, Jeff Dorman, chief investment officer at crypto fund manager Arca, took issue with “the convenient narrative” that ties “digital assets’ fates to macro.” In his Two Satoshis newsletter, Dorman wrote that the correlation was “short-lived” and applied only to bitcoin and “a few other bellwether cryptocurrencies.”