SVB Banking Crisis, Fed Pivot, BTC ETH price actionđ
This was the 2nd largest bank failure in the United States! Ryan and David discuss the breaking story around the SVB banking crisis. What happened? Why? What's the effect on crypto, the rest of the financial markets, and the banking system?Â
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Timestamps:
0:00 Intro
10:50 RecapÂ
https://twitter.com/biancoresearch/status/1634885127179325440Â
22:40 Balaji
https://twitter.com/balajis/status/1634297491507273730Â
28:05 Joint Statement from FDIC, Fed, Treasury
https://home.treasury.gov/news/press-releases/jy1337Â
32:40 Silvergate says it would have been fine
https://twitter.com/tarunchitra/status/1635130119030468608Â
36:25 Bank Stocks Today
https://twitter.com/krugermacro/status/1635272871563132928Â
37:10 Circuit Breaker Day
https://twitter.com/EricBalchunas/status/1635277429932699650Â
38:14 XLF Banking sector:
https://www.tradingview.com/chart/pabiN1CM/?symbol=AMEX%3AXLFÂ
38:37 Two Tiers of Banks
https://twitter.com/DavidSacks/status/1634991519735361536Â
39:25 Jake: âWill regulators get in the way of other banks providing services to crypto customers?"Â
https://twitter.com/jchervinsky/status/1635062063583363072Â
Yano gives 6 options
https://twitter.com/JasonYanowitz/status/1635092782665846784 Â
42:40 Effect on USDC
https://twitter.com/circle/status/1634391505988206592Â
DAI too
https://imgur.com/r52CCX1Â
44:40 ChadallaireÂ
https://twitter.com/jerallaire/status/1635059024050937856?s=20Â
48:20 USDC:USD conversions are good to goÂ
https://twitter.com/coinbase/status/1635276541545566215?s=20Â
52:20 10 yr yield down
https://twitter.com/Fxhedgers/status/1635283433684627457Â
52:50 Pricing in new interest rates
https://twitter.com/tier10k/status/1635218135405195264Â
57:20 Meanwhile, crypto:Â
https://twitter.com/Matt_Hougan/status/1635283436981358595Â
58:25 Kraken Crypto Prices:Â
https://pro.kraken.com/app/trade/ETH-usd
59:45 Banks down, Bankless up
https://twitter.com/DaRealMilkBagz/status/1635317764306112520Â
1:00:00 Binance buying 1 billy BTC
https://twitter.com/cz_binance/status/1635131601884700674Â
1:01:07 NLW Meme
https://twitter.com/nlw/status/1635283902339375106Â
1:03:29 Quintenz
https://twitter.com/brianquintenz/status/1634173078828621825Â
1:04:00 Attack on Crypto?Â
https://twitter.com/nic__carter/status/1635328056234766337Â
1:04:37 Donât let them blame this on crypto
https://twitter.com/RyanSAdams/status/1635058083071410176?s=20Â
https://twitter.com/TrustlessState/status/1635049623407726596?s=20Â
1:05:05 Memes
https://twitter.com/ErikVoorhees/status/1635282975100407812?s=20Â
https://twitter.com/milesjennings/status/1635319531790045184?s=20Â
1:05:50 Closing & Disclaimers Â
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosuresÂ
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