THE LAST CYCLE: AN ETH DENVER RETROSPECTIVE

Summary from the TLDR Crypto newsletter

The crypto industry is transitioning from speculative trading toward practical business applications, as evidenced by ETH Denver 2024's focus on institutional adoption and real-world utility. There are fewer “crypto mercenaries” and more high-quality entrants from traditional finance and technology sectors working on stablecoins, AI, and DePIN projects. While token markets face uncertainty due to regulatory changes, the industry appears to be moving toward a bifurcated future where regulated, KYC-compliant financial products coexist with traditional crypto markets.