Silicon Valley banks

On April 16th, US Treasury Secretary Yellen stated in an interview that the policy actions taken by the US government to curb the systemic threat caused by the collapse of Silicon

It is reported that cryptocurrency investors are fleeing Circle\’s US dollar token (USDC) stable currency, with many turning to Tether, whose market share has reached a 22-month hig

According to reports, Cathie Wood, founder of the Ark Fund, said that the company has no exposure to Silicon Valley banks. ARK has $2 billion in tax losses that can offset future g

According to reports, Andreessen Horowitz told investors that he would continue to cooperate with Silicon Valley banks in the future, while also formulating a long-term diversification plan. （Business Insider） A16z will continue to cooperate with Silicon Valley Bank in the future Analysis based on this information:According to a report by Business Insider, venture capital firm Andreessen Horowitz intends to continue its cooperation with Silicon Valley banks, while developing a long-term plan for diversifying its business. The message is an indication that the company is working on expanding its focus beyond its more traditional venture capital investments. The move by Andreessen Horowitz comes amid the growing interest in Silicon Valley banks, which offer funding to technology startups that need capital to grow their businesses. These banks are known for their aggressive lending practices and have gained popularity among startups and entrepreneurs as an alternative source of funding. However, the landscape of the venture capital industry has become increasingly competitive, and investors…

According to reports, according to market news, the Federal Deposit Insurance Corporation of the United States has partnered with Piper Sandler to restart the plan to sell Silicon Valley banks. The Federal Deposit Insurance Corporation of the United States partnered with Piper Sandler to restart the plan to sell Silicon Valley banks Analysis based on this information:The Federal Deposit Insurance Corporation (FDIC) is once again collaborating with investment bank and asset management firm, Piper Sandler, to sell several Silicon Valley banks. According to market news sources, this move could be due to the current uncertainty in the US banking industry caused by the COVID-19 pandemic. Many banks have been experiencing challenges to maintain profitability due to low-interest rates, changing consumer behavior and increasing competition from financial technology (FinTech) firms. The move to sell Silicon Valley banks is not new. In 2019, the FDIC enlisted Piper Sandler to lead the sale of several banks which failed to find buyers in an…

According to reports, Cathie Wood, founder of ARK Invest, stated on Twitter that cryptocurrency had not led to the bankruptcy of Silicon Valley banks and Signature, and that the “culprit” was the Federal Reserve. Due to the shortage of venture capital funds and the high yield of money market funds, deposits have left the US banking system. Cathie Wood believes that regulators use cryptocurrency as a scapegoat for their regulatory failures in traditional banking. Cathie Wood: The Federal Reserve is the “culprit” in the bankruptcy of Silicon Valley banks and Signature Analysis based on this information:According to Cathie Wood, the founder of ARK Invest, regulators are blaming cryptocurrency for traditional banking failures. Wood believes that cryptocurrency has not led to the bankruptcy of Silicon Valley banks and Signature but rather the “culprit” is the Federal Reserve. Reports suggest that due to the shortage of venture capital funds and the high yield of money market funds, deposits have left the US…

According to the report, Jeremy Allaire, the chief executive of Circle, said in the latest interview with CNBC that if the U.S. government did not intervene in Silicon Valley banks, Circle would take “preventive measures”, including using its own corporate balance sheet and external funds, so it was very confident in capital. Fortunately, Circle does not need to do so now. Jeremy Allaire also said that he would not be “angry” about the behavior of Silicon Valley banks, because the main reason for these problems is the rising US dollar interest rate. Circle CEO: I will not feel “angry” with Silicon Valley Bank. The main reason is the rising US dollar interest rate Analysis based on this information:Jeremy Allaire, the chief executive of Circle, recently spoke about the measures his firm would take in case the US government did not intervene in Silicon Valley banks. According to a report by CNBC, Allaire said that Circle would take “preventive measures” to…

According to reports, according to people familiar with the matter, the Federal Deposit Insurance Corporation (FDIC) of the United States launched the auction process for Silicon Valley banks on Saturday night local time, and the final offer will be closed on Sunday afternoon. According to a person who did not want to be named, the goal of FDIC is to reach an agreement quickly, but the final winner may not be known until late Sunday. The person familiar with the matter said that the relevant parties have not made a final decision and may not reach any agreement. (Bloomberg) Bloomberg: FDIC’s auction of Silicon Valley banks is in progress Analysis based on this information:The Federal Deposit Insurance Corporation (FDIC) has launched the auction process for Silicon Valley banks. According to reports from sources close to the matter, the final offer is set to close on Sunday afternoon. The FDIC is aiming to reach an agreement quickly, but the final winner…

According to reports, Israeli Prime Minister Benjamin Netanyahu said that the government would assess the impact of the collapse of Silicon Valley banks on Israeli companies and decide whether to provide them with assistance, mainly in terms of cash flow. (Washington Post) Israeli Prime Minister: The government will assess the impact of the collapse of Silicon Valley banks on Israeli companies and decide whether to provide assistance Analysis based on this information:The recent collapse of Silicon Valley banks has raised concerns for Israeli companies, prompting Israeli Prime Minister Benjamin Netanyahu to consider assistance in terms of cash flow. According to reports from the Washington Post, the Israeli government intends to evaluate the impact of Silicon Valley bank collapse on its companies before deciding on the appropriate measures to take. This announcement comes as a response to reports that many Israeli companies have experienced difficulties in securing funds from overseas investors due to the financial crisis brought about by the collapse…

It is reported that the New York State financial regulator closed Signature Bank on Sunday to prevent the crisis caused by the collapse of Silicon Valley banks from spreading to other banks. The United States Treasury Department, the Federal Reserve and the Federal Insurance Depository Corporation issued a joint statement on Sunday that the depositors of this New York-based bank will be able to withdraw all funds, which is the same as the situation that allows depositors of Silicon Valley banks to withdraw deposits on Monday, and is an exception to similar systemic risks. The regulator closed the Signature Bank focusing on cryptocurrency business to avoid the spread of the crisis Analysis based on this information:The closure of Signature Bank in New York on Sunday by the state’s financial regulator has raised concerns about the possible spread of the crisis caused by the recent collapse of Silicon Valley banks. The move was taken as a precautionary measure to prevent contagion…

It is reported that Meitu announced at the Hong Kong Stock Exchange that the Group has not held any bank accounts or funds in Silicon Valley banks since 2020, nor has the Group had any current or ongoing banking relationship with Silicon Valley banks.   Meitu: No current or ongoing banking relationship with Bank of Silicon Valley Analysis based on this information:Meitu, the Chinese technology company, declared to the Hong Kong Stock Exchange that it no longer has any banking relationship with Silicon Valley banks since 2020. The recent statement came amid the increasing scrutiny of Chinese firms by US regulatory bodies, which include measures to limit China’s access to American technology. The company noted that it had no involvement with any bank accounts or funds from Silicon Valley banks, indicating a further distancing of Chinese organizations from US tech-related finance. The decision by Meitu to cut off their banking relations with Silicon Valley banks highlights an ongoing trend of…

According to reports, US Senator Menendez said that he was not prepared to provide assistance to Silicon Valley banks from any perspective. US Senator: No matter from which perspective, we are not prepared to provide assistance to Silicon Valley banks Analysis based on this information:US Senator Menendez has reportedly stated that he is not ready to extend any help to Silicon Valley banks from any perspective. This message implies that the senator is unwilling to support the financial needs of the banking industry located in the Silicon Valley region. This statement is a matter of concern since it raises questions on whether the senator’s stand is beneficial or detrimental to the banks and the economy in general. Silicon Valley is home to a plethora of technology companies that have revolutionized the banking industry through innovation and superior services. This has led to the emergence of many banking startups in the region, which require financial support to succeed. Sen. Menendez’s message…

On March 12, according to the source, the traders of Jefferies, a Wall Street company, are contacting the founders of start-up companies whose funds are trapped in Silicon Valley banks to propose to purchase their deposit claims at a discount. Jefferies is contacting the start-up company in Silicon Valley, which is suffering from financial difficulties, to purchase its deposit creditor’s rights at a discount Analysis based on this information:According to recent reports, Wall Street company Jefferies has offered to purchase deposit claims of start-up companies whose funds are trapped in Silicon Valley banks. The surprising move comes amid concerns about the economic impacts of the ongoing Coronavirus pandemic, which has led to a severe downturn in the global economy. Jefferies traders are said to be reaching out to founders of start-up companies directly, proposing to purchase their deposit claims at a discount. This would allow the start-ups to access much-needed funds that are currently inaccessible due to the financial instability…

According to reports, US Treasury Secretary Yellen said that any bank failure would constitute “obvious concern”. The US banking system is safe, capital is sufficient and resilient. Regulators are formulating policies to address the banking incident in Silicon Valley. Try to solve the current problem “in time”, but we can’t provide more details at present. Make sure that the problems of one bank will not spread to other banks. However, Yellen said that of course, he would not repeat the past rescue of banks. The problem of the technology industry is not the “core” of the collapse of Silicon Valley banks. The FDIC is considering a series of options for Silicon Valley banks, including acquisitions. The regulators are aware of this and are trying to meet the needs of bank depositors in Silicon Valley. US Treasury Secretary Yellen: Regulators are formulating policies to solve the banking incident in Silicon Valley Analysis based on this information:US Treasury Secretary Janet Yellen recently…

According to reports, Gabor Gurbacs, director of digital asset strategy of VanEck, an investment management company in New York, said on social media that FDIC

According to reports, Bigg Digital Assets, a Canadian cryptocurrency company, said that it was confirmed that there was no risk exposure in SilverGate and Silic

According to reports, US Treasury Secretary Yellen said that the banking system remained resilient; The regulators have been convened to discuss the issue of Si

According to reports, SVB Financial Group\’s customers in the United Kingdom said that the dashboard of Silicon Valley banks showing account balances and capital

On March 11, the bank team of Guoxin Securities Economics Research Institute believed that the problem of Silicon Valley banks this time was that they absorbed

On March 11, Twitter user anymose.eth said that many NFT projects such as Yuga Labs and Azuki had a small amount of exposure to Silicon Valley banks, but their

According to reports, Circle said on Twitter that about US $40 billion of USDC reserves had US $3.3 billion kept in Silicon Valley banks. Circle: $3.3 billion in deposits in Silicon Valley banks Analysis based on this information:Circle, a leading digital currency platform, has gained attention in recent days after revealing that approximately $40 billion dollars of USDC reserves had $3.3 billion kept in Silicon Valley banks. The announcement was made directly on Twitter, offering users and investors transparency regarding Circle’s financial state. USDC or the US Dollar Coin, is a stablecoin that is pegged to the U.S. dollar. It is used for trading or as a medium of exchange in transactions. The coin is a popular choice among investors as it offers a stable alternative to other cryptocurrencies which are highly volatile. Circle’s move towards more transparency in their financial report is a significant step in the cryptocurrency industry. The digital currency industry has been plagued by reports of…

According to the report, Bryan Pellegrino, CEO and co-founder of LayerZero Labs, a full-chain interoperability agreement development company, confirmed on socia

On March 11, Lawrence Summers, the former US Treasury Secretary, said in an interview with Bloomberg that he believed that the thunderstorm of Silicon Valley ba

It is reported that the White House economic adviser: the Treasury Department is monitoring the possible contagion risk of Silicon Valley banks.
White House Eco