Hi Michael,
thanks for the balanced analysis of the latest crypto news.

I am downloading the official Ethereum wallet. At some point could you please say more about the pros and cons of this wallet?
I want invest in various ERC20 tokens and need somewhere to store them.

Ripple has got lots of bad press over the last month but it keeps announcing active partnerships with more banks. A few days ago I got its official newsletter about a partnership with a Chinese financial company whose name eludes me right now.
What is your opinion of Ripple?

Finally, I wanted to hear your take on how the crypto markets will react to further crashes on global stock markets?
At the moment it is not clear whether the current 10% correction is just temporary or if it is the catalyst for the next big recession. The parrallels between the current situation and 2008 are striking. If anything the current global debt situation is over 70 trillion worse than in 2008.
I would recommend looking at the blogs of economic historians such as Nomi Prins, David Stockman and Jim Rickards. Their analysis suggests that we are on the verge of an economic crash that will make 2008 look tame.
If big money leaves the bond and stock markets some of it will go into gold/silver as in 2009-2010. However, this time investors have cryptos as an alternative store of value. Will big money go into crypto in such a situation we don't know but if it does then it will have a very positive effect on crypto markets.