Why am I seeing people talking about a run on a bank or bank failure? What new event has transpired for this?
If it's Silvergate, then no. That's mild and orderly shutdown drawn out over months and is not a rational reason for concern over the markets. It's also a fairly small bank. Political nitwits have tried to use it when they should be going on about JP Morgan, Deutsch Bank, and Credit Suisse.
It's Silicon Valley Bank they're talking about. My understanding is that it backs so many tech ventures and that's why there's concern.
Hehe. I forgot about SVB.
Maybe there will be fewer Web3 projects wasting talent and less people in my Twitter and Telegram DMs asking me how my trade is going
silvergate was specialized as a gate to crypto. they shut it down. the same criminals who put sam BANKfraud there and let him wreck the market, the same criminals who did the non existing disease hoax, the same who are doing the fake weather change hoax, the same who run all central banks worldwide and indirectly most banks
