Episode Details

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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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: 

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