Despite the advanced week, news is still coming in in hot and heavy, so strap in for today's busy episode:

• Cryptos have failed to recover from their weekend swoon, leading to most major crypto assets suffering from a double-digit decline in their value over the last week.
• Sensetime's Hong Kong IPO is set to raise less money than the AI company had hoped.
• BitMart got hacked, showing that even this deep into the crypto era we are still seeing embarrassing security lapses that deliver material consumer pain.
• Alibaba is reshuffling its leadership, though we are not sure at this juncture what the changes mean. Not to get speculative, but we're keeping an eye on the new leadership.
• A number of investors are considering pouring capital into Polygon, TradeDepot raised $110 million, and Stacked raised $35 million for its crypto-investing system.

I would normally say that it's a holiday week, so let's relax, but instead I wonder if we're going to see a final push of news this week before things do calm down for the holiday period.