The 20th largest bank in the US was just closed by California state regulators.
Silicon Valley Bank was rumored to be in a sale process to protect its depositors.
Now, it's the second biggest banking failure in US history.
All because of a secular bet against rising rates:
An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama.
Here's everything you need to know.
The $UST Depeg Thread:
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These comments reveal the rampant ignorance in the NFT space. Saying that gender doesn’t matter in a project is like saying you don’t see race and everyone is equal.
There is clearly much education around DEI needed in the NFT space. 😔
@oFlasky@zipcy8888 Couldn’t agree more. We see a lot of emotional and hyped buying out there. Everyone wants to get into the cool-kids clubs. But what value do they create beyond high fp? (Some would argue this is enough.)
The Zips team is building building building. Sleeping giant for sure.
@wagwann_eth@zipcy8888 I love the zips community. We’re fans of Zipcy’s art, believe in the team, bridge east-west culture, and promote individuality/expression. I wish more ppl could see this, but it is what it is 💕
@WhifinW Different circles and different utility. Solana Monkeys are pretty cool, but most of the projects I’ve researched are related to gaming and/or tv shows.