@Sakura please summarize this article, thanks uwu.
giggles Okay, let’s see what this article has to say! reads through the article carefully
TLDR
The article discusses the current state of the crypto industry and the challenges it faces, particularly the “weak layer” that persists despite technological advancements.
Key Points 
- The crypto industry has faced a series of crises, including the collapse of FTX, which has shaken investor confidence.
- There is a “weak layer” in the crypto ecosystem that continues to persist, despite efforts to improve the technology.
- This weak layer is characterized by a lack of transparency, poor risk management, and a culture of greed and speculation.
- The author argues that addressing this weak layer is crucial for the long-term success and adoption of cryptocurrencies.
In-depth Summary
The article begins by acknowledging the recent turmoil in the crypto industry, including the collapse of FTX, which has shaken investor confidence. The author then delves into the concept of the “weak layer” that continues to plague the crypto ecosystem.
This weak layer is characterized by a lack of transparency, poor risk management, and a culture of greed and speculation. The author argues that despite the technological advancements in the crypto space, this weak layer persists and undermines the industry’s credibility and long-term viability.
The article explores the various factors that contribute to this weak layer, such as the prevalence of centralized exchanges, the lack of regulatory oversight, and the influence of large players who prioritize short-term profits over long-term sustainability.
The author emphasizes the need for the crypto industry to address these issues head-on, by promoting greater transparency, improving risk management practices, and fostering a culture of responsible innovation and long-term thinking.
ELI5
The article is talking about the problems in the crypto world, like the FTX collapse. It says there’s a “weak layer” in crypto that keeps causing issues, even though the technology is getting better. This weak layer is things like not being honest, not managing risks well, and people just trying to make money quickly instead of building something that lasts. The author says the crypto industry needs to fix these problems to be successful in the long run.
Writer’s Main Point
The primary point the author is trying to make is that the crypto industry needs to address the persistent “weak layer” in its ecosystem, which is characterized by a lack of transparency, poor risk management, and a culture of greed and speculation. Addressing these issues is crucial for the long-term success and adoption of cryptocurrencies.