This week, several large companies have filed for bankruptcy, including well-known firms and funds such as Celsius, Three Arrows Capital, and BlockFi, all of which have entered operational crises and are seeking external financial assistance. However, these are only the "large companies" that we see in the news. There are many more small and medium-sized crypto companies that we don't see. The latter can only choose to sell digital assets and convert them into fiat currency to maintain operations. It is difficult for them to obtain bailout financing from FTX like BlockFi. Crypto companies selling assets to survive is an ongoing process and continues to put pressure on the crypto market.
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7June 13, 2026 1.7K
