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Stock impact report

Investors question ‘whether crypto has a future’ after a brutal month and Larry Fink’s warning that most firms will fold [Fortune]

Silvergate Capital Corporation Class A (SI) 
Last silvergate capital corporation class a earnings: 4/29 06:25 am Check Earnings Report
US:NYSE Investor Relations: siemens.com/investor
Company Research Source: Fortune
Many crypto firms will fold, BlackRock CEO Larry Fink warned this week.Analysts and investors are struggling to call a bottom in crypto stocks in the wake of a brutal month that ended with the head ofCryptocurrency firms includingCoinbaseGalaxy Digital Holdings Ltd.Already reeling from the so-called crypto winter, investors were dealt a major blow with the high-profile collapse of Sam Bankman-Fried’s FTX exchange in early November, which sent Bitcoin tumbling. To top it off, BlackRock Chief Executive Larry Fink said this week that he expects most crypto companies will fold after FTX’s demise. A Schwab index tracking crypto-linked stocks is coming off its worst month since June, and is down 63% this year.Read also:Galaxy Digital CEO Mike Novogratz says FTX’s Sam Bankman-Fried will go to jail ‘if the facts turn out the way I expect them to’“Questions about whether crypto has a future have become prevalent after a year during which many tokens lost than 70% of their value and the collap Show less Read more
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