From stablecoins to 'stabilization fund-like mechanisms'

Perhaps there's a reason why James Bond has a license to gamble with Treasury money in Casino Royale?

TLDR: When Binance’s CZ exposed ex-BitForex CEO Garrett Jin as the secret whale behind last week’s $150 million crypto short, it opened up bigger questions about who really stabilizes markets — and who is allowed to do so. From China’s “National Team” to America’s Exchange Stabilization Fund, the line between financial defense and covert intervention is thinner than you think.