"Fama Warns: Crypto's Unstable Value Threatens Market Collapse"

Nobel laureate Eugene Fama, a pioneer in the efficient market hypothesis, has shared his concerns about the future of cryptocurrencies in a recent podcast interview. Fama, who is known for his skepticism towards cryptocurrencies, believes that they violate the rules of a medium of exchange due to their unstable real value and high variability. He predicts that cryptocurrencies will slowly lose their valuation in the next decade, which could lead to a collapse in the crypto market.

Fama's skepticism is rooted in the fundamentals of blockchain technology, which he sees as a glorified digital ledger that is energy-driven and easily corruptible. He argues that there are always incentives for people to corrupt the blockchain, and if enough computing power is brought together, it can be brought down. Fama also believes that government intervention is inevitable as the crypto market grows, which could impede the rocket growth of these digital currencies.

However, Fama acknowledges that the future of cryptocurrencies is uncertain, as the market is still in its infancy. He believes that only time will tell if the status quo of digital currency changes. Despite his skepticism, Fama recognizes that cryptocurrencies are a risky investment opportunity that could potentially disrupt the traditional trading landscape.

Meanwhile, the Securities and Exchange Commission (SEC) has implemented a new system that requires its lawyers to obtain top-level approval before formally launching an investigation. This change follows leadership transitions at the SEC and aims to prevent "rogue attacks" by ensuring that investigations are approved by politically appointed commissioners. While this new system may prevent frivolous investigations, it could also lead to legitimate cases of fraud being missed or delayed.

In other news, the Thailand SEC is embracing blockchain technology to further its innovative stance in the blockchain world. The country is looking to implement a DLT-based debt instrument trading system, which could prove to be a new dawn for the blockchain industry in Thailand. The SEC deputy secretary general has stated that the SEC is leveraging technology to enhance efficiency in the capital market by promoting an electronic securities ecosystem. The move is seen as a testament to the country's stance towards digitization and blockchain technology, which could change the face of the traditional bond trading ecosystem.

Hong Kong's SFC is also ramping up its crypto oversight with new staff hires. The regulator is proposing an expansion of its crypto oversight team, with a particular focus on monitoring virtual asset trading