Crunch time for crypto as investors assess SVB damage

With banks that had been a key funding source for the cryptocurrency industry going out of business, questions are being asked about where crypto goes from here. Family investors interviewed by AsianInvestor feel the industry is at a crossroads. The crypto exchanges and their clients formed a significant chunk of Silicon Valley Bank (SVB) and Signature Bank’s deposit base, but any sense of camaraderie disappeared once their weaknesses became apparent. It’s the opposite of the so…