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A blowout in the cryptocurrency market sparked a wave of layoffs, punished valuations and drove some companies to bankruptcy. Now firms that still have capital are gearing up for a shopping spree.
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“This is a very ripe scenario for some M&A,” said Jalak Jobanputra, the founder and managing partner of crypto-focused venture-capital fund Future Perfect Ventures.
https://www.wsj.com/articles/for-crypto-survivors-there-are-deals-to-be-had-11657450802?stream=top
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