Crypto Biz: Crypto outflows surge, a16z’s UK office, and the silent altcoins ban By Cointelegraph

A combination of escalating interest rates and a tight regulatory environment in the United States has driven a $417 million outflow from the crypto industry in the past eight weeks, with halts in trading for many altcoins draining liquidity and prolonging the ongoing crypto winter.

This environment is forcing crypto companies to rethink and adapt their business strategies.