https://techcrunch.com/2023/03/13/signature-bank-seizure-creates-obstacles-for-crypto-industry-while-promoting-unbanked-innovations/

Crypto market players expressed unease on Monday following the seizure over the weekend of Signature Bank, a crypto-friendly New York regional bank, just days after crypto-focused bank Silvergate Capital wound down its operations and U.S. regulators shuttered Silicon Valley Bank.

“Signature Bank’s closure serves as a one-two punch as worries mount over the vulnerability of any bank with exposure to the crypto industry,” Francesco Melpignano, CEO of Kadena Eco, said to TechCrunch. “With only a small number of publicly traded banks having ties to the crypto space, many investors are scrambling to place bets against them.”