Podcast

SVB Banking Crisis, Fed Pivot, BTC ETH price action📈

Explaining the 2nd largest bank failure in the United States with Ryan and David

Mar 14, 2023 • 2 min read

Ryan and David discuss the breaking story around the SVB banking crisis. What happened? Why? What's the effect on crypto, the rest of the financial markets, and the banking system?

0:00 Intro

10:50 Recap

https://twitter.com/biancoresearch/status/1634885127179325440

22:40 Balaji

https://twitter.com/balajis/status/1634297491507273730

28:05 Joint Statement from FDIC, Fed, Treasury

https://home.treasury.gov/news/press-releases/jy1337

32:40 Silvergate says it would have been fine

https://twitter.com/tarunchitra/status/1635130119030468608

36:25 Bank Stocks Today

https://twitter.com/krugermacro/status/1635272871563132928

37:10 Circuit Breaker Day

https://twitter.com/EricBalchunas/status/1635277429932699650

38:14 XLF Banking sector:

https://www.tradingview.com/chart/pabiN1CM/?symbol=AMEX%3AXLF

38:37 Two Tiers of Banks

https://twitter.com/DavidSacks/status/1634991519735361536

39:25 Jake: “Will regulators get in the way of other banks providing services to crypto customers?"

https://twitter.com/jchervinsky/status/1635062063583363072

Yano gives 6 options

https://twitter.com/JasonYanowitz/status/1635092782665846784

42:40 Effect on USDC

https://twitter.com/circle/status/1634391505988206592

DAI too

https://imgur.com/r52CCX1

44:40 Chadallaire

https://twitter.com/jerallaire/status/1635059024050937856?s=20

48:20 USDC:USD conversions are good to go

https://twitter.com/coinbase/status/1635276541545566215?s=20

52:20 10 yr yield down

https://twitter.com/Fxhedgers/status/1635283433684627457

52:50 Pricing in new interest rates

https://twitter.com/tier10k/status/1635218135405195264

57:20 Meanwhile, crypto:

https://twitter.com/Matt_Hougan/status/1635283436981358595

58:25 Kraken Crypto Prices:

https://pro.kraken.com/app/trade/ETH-usd

59:45 Banks down, Bankless up

https://twitter.com/DaRealMilkBagz/status/1635317764306112520

1:00:00 Binance buying 1 billy BTC

https://twitter.com/cz_binance/status/1635131601884700674

1:01:07 NLW Meme

https://twitter.com/nlw/status/1635283902339375106

1:03:29 Quintenz

https://twitter.com/brianquintenz/status/1634173078828621825

1:04:00 Attack on Crypto?

https://twitter.com/nic__carter/status/1635328056234766337

1:04:37 Don’t let them blame this on crypto

https://twitter.com/RyanSAdams/status/1635058083071410176?s=20

https://twitter.com/TrustlessState/status/1635049623407726596?s=20

1:05:05 Memes

https://twitter.com/ErikVoorhees/status/1635282975100407812?s=20

https://twitter.com/milesjennings/status/1635319531790045184?s=20

1:05:50 Closing & Disclaimers

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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