1015. Silicon Valley Bank Collapse Contagion 🔥Crypto Skyrockets!🚀

Mar 14, 2023 · 35m 41s
1015. Silicon Valley Bank Collapse Contagion 🔥Crypto Skyrockets!🚀
Description

The company’s downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. “This was a hysteria-induced...

show more
The company’s downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. “This was a hysteria-induced bank run caused by VCs,” Ryan Falvey, a fintech investor of Restive Ventures, told CNBC. All told, customers withdrew a staggering $42 billion of deposits by the end of Thursday, according to a California regulatory filing. Over the weekend U.S. Federal government officials rushed to keep the bank run contagion from spreading by Monday morning. Meanwhile, Crypto markets (Bitcoin, Ethereum, and altcoins) began skyrocketing despite stablecoin troubles with Circle's USDC and affected crypto companies (including Ripple).
~This Episode is Sponsored By Ledger~
Ledger Website ➜ https://shop.ledger.com/?r=9e9e0aec8aad
show less
Information
Author Rever Networks
Organization Rever Networks
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search