Congressional report says crypto didn’t cause bank runs — fear of exposure did
Although banks had minimal crypto exposure, panicked clients pulled out funds and sealed the fate of SVB, Silvergate, and Signature Bank.
Bitcoin24h
$64,163.62-3.95%
Ethereum24h
$3,149.93-2.78%
BNB24h
$604.21-0.35%
Solana24h
$146.97-7.17%
XRP24h
$0.5265-3.51%
Dogecoin24h
$0.1515-6.32%
Toncoin24h
$5.53-4.26%
Cardano24h
$0.4768-5.48%
Shiba Inu24h
$0.0000-5.53%
Avalanche24h
$36.28-7.03%
The Senate hearing on the collapse of SVB was embarrassing
Instead of addressing banking fears and setting up new rules and regulations, senators were simply looking for good soundbites.
Opinion: Silicon Valley Bank and the hypocrisy of venture capitalists
According to Cas Piancey, venture capitalists revealed just how flimsy their values of deregulation were when they abandoned SVB.
Coinbase allegedly offered Circle $3B lifeline during USDC depeg
An anonymous source claims Coinbase was about to bail out its partner Circle to bring stablecoin USDC back up to $1 during SVB’s bank-run.
US gov’t creates moral minefield after SVB and Signature bailout
Ensuring deposits for two collapsed banks favored by the rich has led the US government into quite the conundrum.
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Two years after blowing up his own fund, Zhu Su offers advice to $2B Ethena—by Protos Staff
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A decade without an audit, Tether says it’s a new business—by Protos Staff
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Nilam Resources releases token described as ‘obviously illegal’—by Protos Staff
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Michael Saylor dumps quarter billion worth of MSTR while hyping bitcoin—by Protos Staff
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The rise and fall of KuCoin—by Protos Staff
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What does Avraham Eisenberg’s ‘code is law’ defense mean for DeFi?—by Protos Staff
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Sam Bankman-Fried is sentenced to 25 years — but now what?—by Protos Staff
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Hacker doxxes nearly every adult in El Salvador—by Protos Staff
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Tether implicated in Russian weapons sales, completes security audit—by Protos Staff
