Despite a turbulent week for crypto following the #downfall of Silicon Valley #Stablecoin #Data #DeFi #Dai

Despite a turbulent week for crypto following the #downfall of Silicon Valley #Stablecoin #Data #DeFi #Dai

Despite a turbulent week for crypto following the #downfall of Silicon Valley #Stablecoin #Data #DeFi #Dai

Despite a turbulent week for crypto following the #downfall of Silicon Valley #Stablecoin #Data #DeFi #Dai

The #downfall of SVB, Signature Bank and Silvergate Bank, all within a short time, has #instilled fears of another 2008-like financial crisis

Silicon Valley Bank’s #downfall was a product of traditional finance — critics shouldn’t conflate the issue with #cryptocurrency.

Despite a turbulent week for crypto following the #downfall of Silicon Valley #Stablecoin #Data #DeFi #Dai

Despite a turbulent week for crypto following the #downfall of Silicon Valley#Stablecoin #Data

#DeFi #Dai

The bank’s #downfall was swift, coming less than 48 hours after #management disclosed that it needed to raise $2.25 billion in stock to shore up operations. Its stock price subsequently plunged, falling over 60% on March 9.

You are the reason for your #downfall don't blame anyone for it. #life

However, the flawed design of TerraUSD (UST), now known as TerraClassicUSD (USTC), aided by the #reckless decision-making of Kwon, led to its eventual #downfall.