CryptoVigilante

2023-03-17 15:15:44 BREAKING: Silicon Valley Bank has officially filed for bankruptcy. Open / Comment

2023-03-16 19:28:40 First Republic Bank executives sold $12 million in stocks two months before the crash. Open / Comment

2023-03-15 15:14:25 Credit Suisse shares down nearly 25%. Saudi investors rule out more funds. Open / Comment

2023-03-14 15:30:27 BREAKING: The Consumer Price Index (CPI) was reported as 6.0%.

CPI:
6% YoY, 0.4% MoM
Forecasted: 6% YoY, 0.4% MoM

Core:
5.5% YoY, 0.5% MoM
Forecasted: 5.5% YoY, 0.4% MoM | Open / Comment

2023-03-13 15:46:34 Banking stocks plummet in premarket trade:

- First Republic Bank: -65%
- Western Alliance Bancorp: -64%
- PacWest Bancorp: -42%
- Charles Schwab: -7% Open / Comment

2023-03-13 01:43:13 Signature Bank has been closed citing systemic risk, all depositors will be fully protected.

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm Open / Comment

2023-03-11 17:54:22 Justin Sun and Vitalik Buterin are buying the $USDC and $DAI dip. Open / Comment

2023-03-11 05:21:00 Circle on The Brink of Bankruptcy?

1) Customers exchange USD to USDC and redeem USDC to USD.

2) Circle taps signature bank as leading partner for USDC reserves.

3) Circle loses money to pump USDC market cap.

4) USDC reserves invested and recycled into Signet.

5) USDC reserves lent out to high risk lenders (Genesis, BlockFi, Celsius, Galaxy).

6) Celsius and 3AC blow up. Others remain at high risk.

7) USDC and Signature at risk of a Bank run since lenders cannot return billions of USDC. Open / Comment

2023-03-10 21:55:49 Circle $USDC may hold a certain amount of their reserves with these banks:

1) Signature Bank
2) Silicon Valley Bank
3) Silvergate Bank

Circle confirms $3.3B of the ~$40B USDC reserves are in collapsed Silicon Valley Bank. Open / Comment

2023-03-10 21:07:41 Time to get out of JP Morgan. Open / Comment