Banking
Former Coinbase CTO urges ‘get to Bitcoin’ before CBDC digital lockdown
Balaji Srinivasan warns of impending financial tyranny under CBDC system, advocates for Bitcoin as a solution.
Samuel Wan 3 min read Banking News
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Coverage footprint 2.7%
7D News sentiment 50 /100
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Samuel Wan 3 min read 
Macro
Banking crisis: Hoskinson blames money printing, fractional reserve banking – not crypto
Input Output CEO Charles Hoskinson says that crypto is the "escape valve" to the corrupt banking system — not the cause of the crisis.
Banking
Former Coinbase CTO’s $1M Bitcoin bet has zero chance of happening: Raoul Pal
Raoul Pal dismissed Bitcoin hitting $1 million in 90 days, but thinks $50,000 could happen sooner than people think.
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Banking
Flagstar Bank acquires Signature Bank – without $4B of ‘digital banking’ deposits
Signature Bank has found a buyer after a week long financial odyssey, the New York Community Bancorp, Inc.
Bankruptcy
UBS completes Credit Suisse deal for $3.2B following offer from Justin Sun
Swiss President Alain Berset announced the outcome of the deal.
Stablecoins
USDC in circulation fell over 10% since de-peg event
Meanwhile, the largest stablecoin by market capitalization USDT has experienced an 8.7% increase in supply.
Analysis
Bank of America said to be buying Signature Bank, tweets Bill Ackman
Back of America to Signature's rescue? According to the investor and renowned short-seller, BOA seems to be on the table.
Banking
Gemini founder Tyler Winklevoss describes US banking system as unequal
Several crypto community members pointed out that Bitcoin could help solve the problems highlighted by the Gemini co-founder.
Analysis
US Banks borrow record-high $164.8B from Fed backstop facilities
Meanwhile, Circle's USDC stablecoin maintains $1 peg despite recent banking contagion and widespread fear in the banking sector.
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DeFi
U.S. Banking turmoil halts NFT hype as DeFi thrives
Banking
US lawmaker says President Biden administration is weaponizing market chaos to kill crypto
Analysis
Crypto market largely unaffected by ECB decision to hike rate by 50bps
Analysis