The turning point of volatility in the crypto industry has come at a strange place.

Crypto Exchange is Hit, for example - Huobi

     Justin Sun is not doing well, Huobi laid off 20% of its employees, it is also shutting down its comms channel. There are rumors that listing fake Pi Token has hit Huobi, and it is near to insolvency.

Crypto Management is Hit, for example - DCG

     US Govt has started investigation of Digital Currency Group (DCG), now strangely the group has closed its $3.5 billion Wealth Management Division. Another DCG subsidiary Genesis has gone bankrupt, waiting to file chapter 11.

Crypto Bank is Hit, for example - Silvergate 

     Silvergate, a bank involved in crypto regulated by the FDIC and Fed. Following the decision in Celsius' favor, investors pulled $8 billion out of Silvergate, causing it's shares to drop sharply in value. Bank laid off 40% staff and sold assets to cover losses.