"#SVB’s failure didn’t have anything directly to do with the ongoing #CryptoMeltdown, but it could potentially worsen that crisis, too. Crypto firm Circle operates a #stablecoin, #USDC, that’s backed with cash reserves — $3.3 billion of which are stuck at Silicon Valley Bank. That stablecoin should always be worth $1, but it broke its peg after SVB failed, dropping as low as 87 cents."
How #SiliconValleyBank collapsed, who it affects, and what happens now | #SVBCrash
Die Pleite von FTX ist skandalös. Wie ungeheurlich und skandalös zeigt sich jeden Tag ein Stückchen mehr. Wir fassen einige der neueren Einblicke zusammen.