$350 difference between Coinbase and Binance bitcoin prices. I've seen others mention larger differences with Gemini.

Is this because they're not all connected via Silvergate now?

🤔

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Pretty sure the various stable coins are all disconnected from reality since many aren’t being traded over the weekend and that has distorted the various markets.

But I’m looking forward to someone who has been watching this closely do a deep dive to explain to us all exactly what happened.

Doesn't seem to be accounted for by the current USDC depeg rate. Hmm.

Same. Looking forward to post-mortems once things calm down. Although maybe there will be more to analyse.

Yeah, I hadn’t looked at the stables for about 24 hours and it looks like the recovered a bunch since then. Fascinating to see how the casinos breakdown when SHTF.

the free market roars back

You're right. Feels scammy as fuck that so many were using Silvergate. Who knows if prices even have been reflecting supply and demand.