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DoomPosting

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Degens Deteriorating

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7.87K subscribers

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Mark Suster: simp loser of the week

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SVB CEO sold $3.57 million of stock within the last two weeks

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USDC was holding cash reserves at SVB

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When your startup tries to do a wire transfer out of a collapsing bank (SVB)

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Contagion—

First Republic Bank

Silicon Valley Bank

Western Alliance Bancorporation

Signature Bank

PacWest Bancorp

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USDC COIN INSOLVENT?

Held substantial reserves with Silvergate & SVB.

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BlockFi had $227 million in Silicon Valley Bank

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USDC

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Naval: Withdrawal your investor money from the banks and put it into crypto

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Roku ☠️

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Silicon Valley startup was set to announce layoffs today, but had to cancel the announcement, because the SVB collapse means it doesn't have the money to offer severance

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