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.
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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Tether executives have brushed shoulders with crime since its inception—by Protos Staff
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Floor price of Stoner Cats NFTs up 250% after SEC action—by Protos Staff
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Soulja Boy and Austin Mahone lose to SEC, Justin Sun still to respond—by Protos Staff
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Fortress Trust says ‘no loss of funds’ as its customers’ crypto was stolen—by Protos Staff
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X keeps 99% of ad revenue from most creator payouts—by Protos Staff
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David Bailey accuses Barry Silbert of using customer funds to pump GBTC—by Protos Staff
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Joseph Bankman warned Scaramucci about FTX—by Protos Staff
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Family office Nima Capital unofficially exits from Synapse token—by Protos Staff
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Another Binance executive jumps ship amid regulatory woes—by Protos Staff
