The fall of FTX didn’t just hurt crypto investors. It hurt a lot of non-profits, too. From the NYT: FTX’s Collapse Casts a Pall on a Philanthropy Movement. “Sam Bankman-Fried, the chief executive of the embattled cryptocurrency exchange, was a proponent and donor of the ‘effective altruism’ movement.” (Donating money is great. But when the economic divide is so extreme that someone can make $25 billion on nothing and immediately start deciding which non-profits are effective enough for his altruism, philanthropy is not the cure.)

+ Jolene on Me: Jeff Bezos vows to give away most of fortune, and starts by giving $100 million to Dolly Parton.