How the Purpose of the Stock Market Has Changed

On this week’s Long Reads Sunday, NLW reads three pieces: Public Markets Don’t Matter Like They Used To - Matt Levine in Bloomberg A look at how public markets are less and less about accessing new capital and more about narrative and liquidity for early investors. Two Reasons Crypto’s Bull Market Is Coming - Anil Lulla on CoinDesk The next bull market isn’t just about the bitcoin-dollar devaluation narrative but about decentralized finance providing a solid place to redeploy existing crypto capital. The Business Behind Marshmello - Kevin Lee on Twitter The unlikely story of the world’s second-highest paid DJ, including a bet on anonymity, a viral billboard making fun of Instagram influencers, and a cultural cooking channel on YouTube.