By the way, regarding transparency in crypto media, CoinDesk has quite strict editorial standards. They have received prestigious journalism awards, including for writing a one-million-word investigative report on the FTX case back then. So it's clear they take news integrity seriously.

The important thing to know is that CoinDesk is now part of Bullish, a digital asset platform focused on institutional clients. Bullish owns and invests in various digital asset businesses, and yes, CoinDesk employees, including journalists, can receive equity-based compensation from Bullish. They have transparently disclosed this clearly.

But essentially, they have an editorial policy aimed at maintaining editorial integrity and independence. So despite corporate relationships, they still strive to uphold editorial freedom. That’s what should be appreciated about crypto news outlets that are starting to grow, writing one million articles per year.