The tweet was deleted by the author.
But we saved everything 🙂.
Alex Thorn draws a parallel between current efforts to create centralized corporate blockchains in digital assets and similar trends seen in 2016.
Thorn points out that this marks what he describes as the fifth attempt at establishing such a centralized solution in the industry, likening these developments to earlier cycles that did not succeed.
Earlier this year, Thorn noted that Grayscale filed an S-1 for GHYP, a spot HYPE ETF, using a commodity-based trust structure similar to existing bitcoin and ether products (link). He also commented on reports of stablecoin rewards deals, expressing optimism while cautioning that further hurdles may remain in the approval process (link). These recent developments reflect ongoing efforts to bring new corporate-backed digital asset products to market.