SVB Banking Crisis, Fed Pivot, BTC ETH price action📈
Bankless - A podcast by Bankless
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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? ------ 📣 RhinoFi | Makes DeFi Frictionless https://bankless.cc/rhino ------ 🚀 JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken 🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap 👻 PHANTOM | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist 🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask 🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi ----- Timestamps: 0:00 Intro 10:50 Recap https://twitter.com/biancoresearch/status/1634885127179325440 22:40 Balaji https://twitter.com/balajis/status/1634297491507273730 28:05 Joint Statement from FDIC, Fed, Treasury https://home.treasury.gov/news/press-releases/jy1337 32:40 Silvergate says it would have been fine https://twitter.com/tarunchitra/status/1635130119030468608 36:25 Bank Stocks Today https://twitter.com/krugermacro/status/1635272871563132928 37:10 Circuit Breaker Day https://twitter.com/EricBalchunas/status/1635277429932699650 38:14 XLF Banking sector: https://www.tradingview.com/chart/pabiN1CM/?symbol=AMEX%3AXLF 38:37 Two Tiers of Banks https://twitter.com/DavidSacks/status/1634991519735361536 39:25 Jake: “Will regulators get in the way of other banks providing services to crypto customers?" https://twitter.com/jchervinsky/status/1635062063583363072 Yano gives 6 options https://twitter.com/JasonYanowitz/status/1635092782665846784 42:40 Effect on USDC https://twitter.com/circle/status/1634391505988206592 DAI too https://imgur.com/r52CCX1 44:40 Chadallaire https://twitter.com/jerallaire/status/1635059024050937856?s=20 48:20 USDC:USD conversions are good to go https://twitter.com/coinbase/status/1635276541545566215?s=20 52:20 10 yr yield down https://twitter.com/Fxhedgers/status/1635283433684627457 52:50 Pricing in new interest rates https://twitter.com/tier10k/status/1635218135405195264 57:20 Meanwhile, crypto: https://twitter.com/Matt_Hougan/status/1635283436981358595 58:25 Kraken Crypto Prices: https://pro.kraken.com/app/trade/ETH-usd 59:45 Banks down, Bankless up https://twitter.com/DaRealMilkBagz/status/1635317764306112520 1:00:00 Binance buying 1 billy BTC https://twitter.com/cz_binance/status/1635131601884700674 1:01:07 NLW Meme https://twitter.com/nlw/status/1635283902339375106 1:03:29 Quintenz https://twitter.com/brianquintenz/status/1634173078828621825 1:04:00 Attack on Crypto? https://twitter.com/nic__carter/status/1635328056234766337 1:04:37 Don’t let them blame this on crypto https://twitter.com/RyanSAdams/status/1635058083071410176?s=20 https://twitter.com/TrustlessState/status/1635049623407726596?s=20 1:05:05 Memes https://twitter.com/ErikVoorhees/status/1635282975100407812?s=20 https://twitter.com/milesjennings/status/1635319531790045184?s=20 1:05:50 Closing & Disclaimers ----- 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/disclosures