Crypto Industry Shakeout Is Deeper Than Past Bear Markets, More Consolidation Ahead
ARK Invest’s director of crypto research, Lorenzo Valente, has issued a stark assessment of the current state of the digital asset industry, stating that the ongoing shakeout is more severe than in previous bear markets. In a post on X, Valente warned that the coming months are likely to bring an increase in mergers and acquisitions, bankruptcy filings, and project shutdowns. A Deeper Correction Than Before Valente’s analysis points to a fundamental shift in the market’s dynamics. Unlike past downturns, which were often driven by cyclical price drops, the current environment is characterized by a structural purge. Projects and exchanges…







