Evening must-read | An all-round review and analysis of the Bankruptcy of Silicon Valley Bank

1.0x Finance | Timeline of Silicon Valley Bank being run on

On March 13, the U.S. Treasury, the Federal Reserve, and the FDIC jointly announced that Silicon Valley Bank depositors will have access to all of their funds beginning Monday, March 13. At the same time, the Federal Reserve expressed its readiness to respond to any liquidity pressure that may arise. This marks a temporary resolution to the run on Silicon Valley banks. Let’s look back at the timeline of the bank’s run and closure.click to read

2.0x Finance | How Powell Killed Silicon Valley Bank

The story of Silicon Valley Bank is really a story about interest rates. Powell didn’t actually kill the banks, at least not intentionally. In fact, he was right to raise rates — Silicon Valley Bank just got itself into trouble. As Matt Levine said, Silicon Valley Bank’s assets and customers are very sensitive to rising interest rates.click to read

3.0x Finance| Bank run in Silicon Valley, 36-hour history of Fed bailout

The sudden and unstoppable collapse of Silicon Valley Bank (SVB) in the past three days has led to the decoupling of stablecoins, and major U.S. and U.K. regulators are preparing contingency plans, worrying small businesses, venture capitalists and other depositors whose money is trapped in California tech banks. The article presents the main aspects of the development.click to read

4. Who will save innovation after Silicon Valley Bank goes bankrupt?

With the rapid development of scientific and technological innovation, some large financial technology companies are accelerating their deployment in the financial field, and financial innovation businesses based on platforms and technologies are emerging in an endless stream. Is there any significant difference in their potential financial risk characteristics compared with traditional financial institutions such as commercial banks? Existing financial regulation How can the framework be improved to cope with new financial formats? Using the Basel regulatory principles to improve the current regulatory framework for financial technology companies will not only help improve the ability of financial technology companies to prevent financial risks, but also reduce the regulatory differences faced by different market entities engaging in similar financial businesses, and promote industry innovation and competition .click to read

5. Which DEXs made a fortune in the “USDC crisis”?

The collapse of Silicon Valley Bank caused the US dollar stablecoin USDC to break its anchor last weekend and once fell to a low of 0.87 US dollars. FUD sentiment is also spreading in the encryption market. However, the impact of this black swan event does not seem to be as great as expected. DEX (Decentralized exchanges) have even seen exponential growth in trading activity and fee revenue. According to DeFiLlama data, on March 11, the total transaction volume of DEX soared to 15.12 billion US dollars, setting a new high in the past four months, with a weekly growth rate of more than 100%.click to read

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