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🧵 A quick thread on how to position yourself in case of a $BIT airdrop 👇
To #BuildonMantle, I am claiming test $BIT tokens on https://t.co/Z57TDqY0uJ for @0xMantle, a next generation high-performance modular @Ethereum L2 built for hyperscaled dApps.
Learn more: [https://t.co/yMit7L8LGX]
Brazil, Russia, India, China and South Africa just announced that they are developing a new currency.
This comes after Brazil and China agreed to use the Chinese Yuan in transactions.
The new currency may be backed by commodities.
People are sick of inflation and instability.
First, the banking crisis started out as a SVB management problem.
Then, Signature Bank collapsed as well.
Second, the banking crisis was “contained” to just a few banks.
Then, WSJ reported that nearly 200 banks face the same issues.
Third, they said big banks are “too big to fail.”
Then, Credit Suisse collapsed in less than 48 hours.
Now, they’re saying the banking system is “strong.”
Yet, $500 billion has been withdrawn from small banks over the last 2 weeks.
What’s next?
Collapses of Large Banks on Fridays:
- Friday, Mar. 14, 2008: Bear Stearns hit by liquidity crisis
- Friday, Sept. 12, 2008: Last trading day before Lehman Brothers declares bankruptcy
- Friday, Sept. 26, 2008: Washington Mutual seized by regulators marking largest bank collapse in US history
- Friday, Mar. 10, 2023: SVB seized by regulators, marking 2nd biggest bank failure in US history
- Friday, Mar. 10, 2023: Signature Bank sees $10 billion in withdrawals, seized by regulators 2 days later
- Friday, Mar. 17, 2023: UBS bids for Credit Suisse, $CS, to avoid its collapse
- Friday, Mar. 24, 2023: Deutsche Bank, $DB, credit default swaps hit 4-year high on contagion fears
Just about every large bank failure in recent history has occurred on a Friday.
This can't be a coincidence.
🚨🚨🚨Outro banco com problemas.
O Deutsche Bank caiu 14% hoje.
Ele é o maior banco da Alemanha e um dos 10 maiores bancos da Europa.
Seus swaps de inadimplência de crédito estão aumentando.
Sinal de iliquidez e problema de crédito.
PacWest Bank, $PACW, just announced that 20% of their deposits have now been withdrawn.
While First Republic, $FRC, has been in the spotlight, other banks are feeling the same pressures.
Again, there are nearly 200 banks facing the same issues as SVB.
We need a solution now.
First Republic Bank, $FRC, shares have been halted 11 times today.
The stock has spent a total of 55 minutes halted today alone.
$FRC has been halted 70 times over the last week.
That's ~6 trading hours of stock halts in 1 week.
Meanwhile, the US says the system is "strong."
Banking Crisis Developments This Weekend:
1. Warren Buffet meets with Biden
2. UBS acquires Credit Suisse for 60% discount
3. Swiss government provides $100 billion liquidity line to UBS
4. Fed announces USD swap line for liquidity
5. Yellen says US banking system is strong
Mintlayer Community Airdrop 🪂
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⚠️ ALERTA DEFILLAMA⚠️
O time do portal de dados Defillama está fazendo um fork para https://t.co/woDqIm3EmY.
O motivo é o lançamento de um token com o qual o time não concorda.
Por enquanto é melhor esperarmos mais notícias E TOMAR CUIDADO COM ESSE TOKEN.
Bons Ventos!✌️