Inflated valuations and weak business models are driving crypto’s shakeout, Global Settlement Network CEO Ryan Kirkley says.
- Crypto’s wave of closures is exposing projects that raised too much money at unrealistic valuations without building sustainable revenue, Kirkley said.
- Token-based governance and fundraising incentives compounded the problem by making it harder for projects to pivot and rewarding overly optimistic narratives.
- The shakeout comes as bitcoin approaches a potentially critical support zone, but Kirkley says governments are increasingly embracing blockchain infrastructure, just not the decentralized future crypto envisioned.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
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