Weak Business Models and Inflated Valuations Drive Crypto Industry Shakeout

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The cryptocurrency industry is experiencing a significant shakeout as the era of easy money comes to an end. Inflated valuations and unsustainable business models are being identified as the primary drivers behind a wave of failures across the sector. Ryan Kirkley, CEO of Global Settlement Network, has highlighted these structural weaknesses as key factors in the industry's current turmoil. The downturn reflects a broader reckoning for crypto projects that thrived during periods of loose financial conditions but are now struggling to demonstrate real viability.

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