There are more reasonable explanations for the price increase, and more than a few flaws with the "safe haven" narrative.
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February 2023

Wormhole, Jump Crypto, and Oasis demonstrate the centralization threat introduced by multisig-controlled upgradeable smart contracts.
19

January 2023

A lucrative arbitrage opportunity formed the foundation of much of the cryptocurrency industry. When it turned bad, it brought the whole house of cards…
14