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┌🟢 #BTC Liquidated Short - $332.3K at $24773.78
└Funding Rate: 0.01%

CPI YoY: 6.0
Est: 6.0%

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18 days dip recovered. 🔥

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Facebook $META to fire 10,000 employees.

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Two sides of a coin:

Last 5-Day Market Cap Loss by Bank:

1. Bank of America, $BAC: $37B

2. Charles Schwab, $SCHW: $32B

3. JP Morgan, $JPM: $29B

4. Wells Fargo, $WFC: $27B

5. Citigroup, $C: $14B

All US bank stocks have lost ~$200B.

Total market cap lost is more than SVB's $175B in deposits.

While Regional bank stocks are roaring back this morning:

PacWest Bank $PACW +53%

First Republic $FRC +51%

Western Alliance $WAL +44%

Metropolitan Bank $MCB +36%

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Korean streamer Satto liquidated for nearly $1M shorting Bitcoin, on live stream.

Watch

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Cathiewood: While the US banking system was seizing up in response to bank runs threatening regional banks, Bitcoin, Ethereum, and other crypto networks didn’t skip a beat. Instability in the banking system threatened stablecoins, the on-ramps to DeFi, in stark contrast to regulator rhetoric

Elon: Lot of current year similarities to 1929.

https://twitter.com/CathieDWood/status/1635807520307412997

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U.S. Regional Bank Stocks:

1. PacWest, $PACW: +31%

2. First Republic, $FRC: +26%

3. Western Alliance, $WAL: +8%

4. Comerica, $CMA: +4%

5. Zions Bank, $ZION: +1%

6. Fifth Third, $FITB: -1%

Many erased more than 50% of today's gain.

Markets don't know if the crisis is over.

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Goldman Sachs has filed a patent that integrates blockchain technology with its settlement mechanism.

https://cryptoslate.com/goldman-sachs-has-a-patent-granted-focusing-on-blockchain-technology/

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🔥Found new distribution🔥

PERL.eco | PERL
Token Contract: 0xeca82...f860318
Transaction: 0x982ce...2b39ce7
From: 0xd152f...1452150 to 31 addresses
Total amount: $752,380 (4.35% of Market Cap)

Current Price: $0.0356
Market Cap: $17,296,409
24h Volume: $8,881,698

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Largest shareholder of Credit Suisse, a bank with $578 billion in assets, says it can't provide more financial support.

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PPI comes in at 4.6% YoY

Previous was 6.0%

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Bitcoin in front of Silicon Valley Bank 🏦

@bitcoins

FED swaps now shows a 100 BPS rate cut by December from its expected peak.

Telegram | Twitter

Uniswap announced the official launch of BNB Chain, which will compete with Binance's dex Pancake. A vote on the proposal to deploy Uniswap V3 to the BNB Chain passed on February 10 with 66% approval.

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India and the United Arab Emirates will jointly conduct pilot programs on central bank digital currencies, or CBDCs.

https://www.coindesk.com/policy/2023/03/15/india-and-uae-to-collaborate-on-cbdc-development/

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KPMG Under Pressure After Clean Audits of SVB, Signature Bank.

https://news.bloombergtax.com/financial-accounting/kpmg-gave-no-auditor-warning-before-back-to-back-bank-failures

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