CoinDesk is hosting its second annual Consensus Hong Kong conference, and as always, we’ll have a number of policy-focused sessions. Are you in town? Find me on stage or around the show floor and say hi!You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeCoinDesk’s annual Consensus Hong Kong conference will kick off this Wednesday with a speech from Hong Kong Chief Executive John KC Lee.Why it mattersHong Kong is playing an interesting role in the intersection of financial services between the global East and…

ADA$0.2753 founder Charles Hoskinson said he is sitting on more than $3 billion in unrealized losses during the current crypto market downturn, offering a rare look at his personal exposure during a period of sharp declines.Speaking from Tokyo in a live broadcast, Hoskinson addressed a market rattled by forced liquidations and falling prices in an inspirational message. Bitcoin BTC$69,373.37 dropped to around $60,000 during the week, losing about 16% of its value, while the broader CoinDesk 20 (CD20) index fell 17%. ADA$0.2753 dropped by 15.6% in the week.Hoskinson said he shared the figure to counter claims that crypto founders are…

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