📊 Jerome Powell and the Fed's rate hikes this cycle

Mar 16: +25bps to 0.25-0.5%

May 4: +50bps to 0.75-1%

Jun 15: +75bps to 1.5-1.75%

Jul 27: +75bps to 2.25-2.5%

Sept 21: +75bps to 3-3.25%

Nov 2: +75bps to 3.75-4%

Dec 14: +50bps to 4.25-4.5%

Feb 1: +25bps to 4.5-4.75%

Mar 22: ????

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📉 S&P 500 Banking index falls 7.0%, largest one-day percentage drop since june 11,2020

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🐳🐳🐳 Unusual 20,825.95 #BTC aggregated inflows to derivative exchanges in an hour

1. Binance 19,650 BTC (94%)

2. Okx 489 BTC (2%)

3. Deribit 224 BTC (1%)

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📣 SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile $TMUS this year - CNBC

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🇺🇸 U S Regional Bank Stocks Now:

1. Western Alliance, $WAL: -75%

2. First Republic, $FRC: -65%

3. Zions Bancorp, $ZION: -43%

4. PacWest, $PACW: -41%

5. Comerica, $CMA: -33%

6. Fifth Third, $FITB: -20%

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📉 US Pre-market:

PacWest Bancorp $PACW: -43%

Western Alliance $WAL: -70%

First Republic $FRC: -65%

Signature Bank $SBNY: no trading (regulators took control of the bank on Sunday).

🇺🇸 Trading STOPPED on multiple bank stocks at market open.

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🇺🇸President Biden: no losses will be paid by us taxpayers and funds will be raised through insurance fund fees.

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⚡️First Republic Bank $FRC, with $212 billion in assets, sees its stock down 55% pre-market data

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📣 HSBC Holdings just announced it has agreed to acquire Silicon Valley Bank’s UK subsidiary for £1

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📣 Global asset manager and tech lender Liquidity Group is planning to offer about $3 billion in emergency loans to start-up clients hit by the collapse of Silicon Valley Bank.

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New York-Based Signature Bank Collapses After Silicon Valley Bank

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Happy Women's Day 🫡

🔑 Dates to Watch in March

10 Mar: US Non-farm Payrolls

10 Mar: Mt. Gox Distribution

14 Mar: CPI Data Release

15 Mar: PPI Data Release

21/22 Mar: FOMC Meeting

30 Mar: GDP Report

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Always and forever

A batman reference is fitting 😄

🚨 Approximately 40k #BTC from wallets associated with US Government law enforcement seizures are on the move.

Of these, the majority appear to be internal transfers (so far), however approximately 9,861 $BTC seized from the Silk Road hacker have been sent to our Coinbase cluster.

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@Jack Dorsey’s Block asks for input on proposed ‘mining development kit’

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Gm pv

WeChat has integrated the digital Yuan into the platform.

https://bitcoinist.com/wechat-integrates-digital-yuan/

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📣 Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated

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