Crypto founders face falling valuations, pulled deals amid market volatility

As the crypto market continues to plummet, founders in the space are struggling to hold on to investors who are now trying to minimize their risk and backing out of funding rounds.
This week, the global crypto market capitalization fell below $1 trillion for the first time since January 2021. As many companies prepare for a potential recession, founders building crypto startups are still trying to raise money amid the market chaos.
Earlier this month, a number of investors told TechCrunch that there was a valuation reset going on, and now is “the time to buy” as the market shifts to a VC-frien

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