2023-03-17 07:10:13
[Market view with Welups] #SVB #silicon_valley_bank #USDC
The series of events of Silicon Valley Bank's collapse
The Crypto community last week witnessed the collapse of 3 major banks, which have close relationships with technology companies in general and cryptocurrencies in particular, most notably SVB.
Accordingly, SVB is the largest bank in the US to be forced to close since the 2008 financial crisis. This event prompted leading regulators in the US and UK to make emergency plans to support businesses. industry and investors.
In Crypto, SVB is one of the Circle banks using Fiat on/off ramp, when it stopped working yesterday, Circle still stuck Fiat on SVB.
And USDC is deeply linked to the DeFi market on different chains, so its influence is huge at the moment.
And this is a summary of the series of events that brought the 16th largest bank in the United States to the brink of collapse.
The main reason why Silvergate and Silicon Valley Bank collapsed
https://outsidetheblock.com/ly-do-khien-silvergate-va-silicon-valley-bank-sup-do.html
What is Silicon Valley Bank? What is the end for start-ups if SVB goes bankrupt?
https://outsidetheblock.com/silicon-valley-bank-la-gi.html
How the collapse of Silicon Valley Bank played out
https://outsidetheblock.com/su-sup-do-cua-silicon-valley-bank-dien-ra-nhu-the-nao.html
Silicon Valley Bank – Is the fear of "Lehman Brothers" repeating for tech start-ups?
https://outsidetheblock.com/silicon-valley-bank-sup-do-co-gay-ra-khung-hoang-nhu-lehman-brothers.html
What is Lehman Brothers? Understanding the 2008 financial crisis
https://outsidetheblock.com/lehman-brothers-va-cuoc-khung-hoang-tai-chinh-2008.html
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121 viewsJules PN, 04:10