Forbes: "While traditional banks struggle to maintain the trust of their customers, #bitcoin ’s decentralized system is suddenly looking at least a little appealing."

Coinbase $COIN says it holds $240 million in now-collapsed Signature bank.

Signature Bank $SBNY has been officially closed down by state authority.

Federal Reserve announces additional funding will be available for banks so they have the ability to meet the needs of all their depositors.

Only 2.7% of Silicon Valley Bank deposits are less than $250,000.

Meaning, 97.3% are totally screwed.