How is crypto doing today?

Many of the smallest projects in the crypto space and some of the largest raised money from private investors around the world in the crypto equivalent of a crowdfunding campaign. Regulators must ensure that cryptocurrency lenders demand collateral to prevent serious contagion when a fund or company collapses, said Sam Bankman-Fried, CEO of crypto exchange FTX. The cryptocurrency exchange said it hasn't been harmed by cryptocurrency companies seeking bankruptcy protection.