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

This was the 2nd largest bank failure in the United States! 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? 

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Timestamps:

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  

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video 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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