At the start of the era of crypto, it was quite correct to say that Bitcoin was not correlated to regular risk assets, such as, equites. However, for the last few years the correlation has strengthened. Now crypto is a generally accepted risk-asset.
s230 will change and so will advertising
Facebook is going to find selling advertising is suddenly going to become more expensive if the US changes s230. Will it change? Both Republicans and Democrats think by changing the law they will achieve a political advantage, so the answer is yes. This piece by the NYT sums up the situation well.