The ongoing crypto banking crisis and its ironic effects on the market.

The collapse of Terra-Luna in May 2022 triggered the ongoing collapse of the cryptocurrency market, with companies like Celsius, Voyager, FTX, and their victims being affected. The biggest challenge for crypto now is being cut off from dollars as US banking rails disappear due to regulatory action. Bitcoin's price is going up again due to BUSD holders dumping their pseudo-dollars and buying BTC. Crypto companies are trying to go through every dodgy community bank in the US, and there are more claims of government and regulatory conspiracy. Tether's supply has increased to 75 billion tethers, and Russian sanctions evasion is using tethers. Meanwhile, the US environment for crypto continues to sour, with regulators cracking down on companies like Signature Bank, Voyager, and FTX.