Filecoin and FVM

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Filecoin has been in the news recently because of a sudden price increase in its native FIL token.

But why did this happen?

Is it Chinese ponzi money responsible for this spike?
Or is there more to what meets the eye here?

FIL Singapore presentation
youtu.be/iPP8kshB0qwT_Pk?feat...

Countdown to FVM event link
events.fil.org/fvm-hackerbase...

Messari's State of Filecoin report
messari.io/report/state-of-fi...

Is DePIN the future of the Internet?
youtu.be/VNnfB6fsD1c

00:00 Intro
00:40 What is Filecoin?
02:55 Fundamentals of Filecoin
05:05 What is FVM?
07:25 Final thoughts