Weekly Roundup 03/10/23 (Silvergate wind-down, NYAG comes after ETH, more bank runs) (EP.405)
3/10/2023
0:00
34:00
Matt and Nic are back for another tumultuous week of news and deals. In this episode:
- Nic’s Vespa crisis
- FTX crime family update
- Grayscale’s oral arguments go well against the SEC in the GBTC case
- Binance.US wins the right to buy the Voyager assets in court
- NYAG sues Kucoin and alleges that ETH is a security
- Silvergate is undergoing an orderly wind-down of the bank
- Why did Silvergate really collapse?
- Why are regulators trying to precipitate bank runs?
- Structural issues explaining why Silvergate’s deposits were so correlated
- SVB experiences a bank run
- Are the Silvergate and SVB difficulties warning sights that the Fed’s rate regime can’t last?
Content mentioned:
- How Banks Fail, by Austin Campbell
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