What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write about.
OK, only crypto? Not necessarily. We do that Monday to Friday, so we try to explore new subjects on weekends.
Feel free to join in and submit entries on Twitter. Any topic is fair game.
March 11
2 weeks ago
Gambling with Tether: Ultimate Bet, USDT perps, Tron bets, and the $1 peg https://t.co/JHuCX4NfB1
Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally.https://t.co/NU82jnajjY
Per new bankruptcy filing, BlockFi has $227m in Silicon Valley Bank. The bankruptcy trustee warned them on Mon that bc those funds are in a money market mutual fund, they’re not FDIC secured — which could be a prblm w/ keeping in compliance of bankruptcy law pic.twitter.com/hnpo8anrrS
NEW: 🔥Silicon Valley Bank UK boss just held a call with some of the London VC community. She would not comment on the US situation, but said there was no comingling of funds. 💷Source expects financials for UK will be released over next couple of days.
From a source I trust: @SVB_Financial depositors will get ~50% on Mon/Tues and the balance based on realized value over the next 3-6 months. If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB banks. No company will take even a… https://t.co/2BoqtCDKJt
“We make our modest contribution to this part of number theory by supplying the answer to its easiest question.” — Vesselin Dimitrov, a mathematician at the Institute for Advanced Study who co-authored the proof. https://t.co/cp6Zt3ZdZo
Fintwit finding about the existence of Mike Alfred and proceeding to report him to the SEC within the same day has gotta be some of the funniest shit about this saga lmao. pic.twitter.com/RIhN8v0FiH
This post will be updated throughout the weekend. For more informed news, follow us on Twitter and Google News or subscribe to our YouTube channel.
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