Since 2022, the Fed has been pumping out cash reserves from small banks faster than from large banks.
Small banks have already returned to the cash levels they achieved during the repo surge in 2019, but the big banks have not yet.
#in focus
Small banks have already returned to the cash levels they achieved during the repo surge in 2019, but the big banks have not yet.
#in focus
🤖 CryptoAttack 🇬🇧
🏦💸 Over the past two weeks, the CEO of Silicon Valley Bank has sold $3.57 million worth of #SIVB shares.
🥳 The Chief Executive Officer of Silicon Valley Bank $SIVB was the Chief Financial Officer of Lehman Brother prior to joining the bank.
🕵️♂️ #USDC Lookonchain: How will funds react to the USDC rush? Here are the operations of the funds.
👀 #USDC According to a message sent by Circle to trading firms, USDC transactions through the Signature Banks Signet network will not be processed until Monday. the block
🤖 CryptoAttack 🇬🇧
🥳 The Chief Executive Officer of Silicon Valley Bank $SIVB was the Chief Financial Officer of Lehman Brother prior to joining the bank.
🥳 Failed SVB Bank (#SIVB) President and CEO Greg Becker was a Class A director at the San Francisco Federal Reserve - Reuters.
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🗣 cz_binance: Pure speculation. It appears that there is a coordinated effort to shut down crypto-friendly banks. Result? Banks are closed. Blockchains are still working.
📈 #CRV Curve Finance's trading volume reached an all-time high of $7 billion in the last 24 hours, after depreciating #USDC
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📉👀 #USDC Доля стейблкоинов в Curve 3pool серьезно перекошена, USDC/USDT упала до 0,93
👀 Financial Times: The president of startup accelerator Y Combinator, said that "30% of YC companies represented through SVB will not be able to pay salaries for the next 30 days."
👀🗣 According to insiders, the FDIC plans to insure 95% of Silicon Valley Bank's uninsured depositors, and 50% of uninsured deposits will be paid out by next week.
🤖 CryptoAttack 🇬🇧
👀 #GHST Members of the Aavegotchi gaming protocol are voting to end the multi-year token sale, which could limit the supply of GHST. Approximately $33 million to support development of Aavegotchi ecosystem if approved by DAI coindesk.com
✅ #GHST Aavegotchi Community Voted to Terminate Contract to Sell Native GHST Token, designed for two and a half years for "risk reduction from DAI".
$33 million in tokens #DAI that was spent on minting GHST in the contract, "it is planned to direct to the development of the gaming protocol ecosystem." cointelegraph
$33 million in tokens #DAI that was spent on minting GHST in the contract, "it is planned to direct to the development of the gaming protocol ecosystem." cointelegraph
👀 $USDC Circle said they would cover any missing liquidity at Silicon Valley Bank with corporate funds.
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🍿👀 #USDC Аналитик: убытки Circle могут быть легко покрыты процентным доходом в рамках процесса возмещения FDIC. #вфокусе
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🙋♂ NuBank appoints Lightspark CEO, a former Meta chief executive, as a board member. www.blockworks.com