Another crypto-related domino goes under - Silvergate was one of the few banks that did business with crypto companies, and unfortunately, it was heavily exposed to FTX - and since it's collapse, Silvergate has posted heavy, heavy losses. They recently have raises concerns about their ability to stay in business and their shares have since dropped like a rock! This will impact the crypto industry in the sense that banks will be much more reluctant to do business with crypto exchanges and firms because they're gun-shy about being exposed to fallout from the industry. Coinbase, Circle and Paxos have all jumped ship. It's going to take a while for banks to trust crypto again, but where some see carnage, others might see an opportunity.

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