*SVB FINANCIAL ATTEMPTS TO RAISE CAPITAL HAVE FAILED

Banks. more banks

FDIC: SVB Bank Shut Down by California Regulators

Performances of Regional Banks Index $KRE

For anyone worried!

https://www.youtube.com/watch?app=desktop&v=BX0AkD4jp64

current play;

1: usdc at 2% discount to parity
2: buy USDC on bybit or on dexes (curve.fi)
3: send to coinbase
4: redeem 1:1 USD
5: USDC has inflow of redemptions

(repeat)

this one can be checked as well: https://twitter.com/sergitosergito/status/1634377940464025607

GSR Markets has been doing this for the last 2-3 hours, depositing 90 million clips (to be redeemed for 1:1 on Coinbase).

So far, they have done this with 250 million in the last 3 hours

couple of market-makers and funds doing this from the last few hours..

it works until it doesn't..

Musk: Open to Twitter's acquisition of Silicon Valley Bank

link: https://twitter.com/minliangtan/status/1634371553059119104

Coinbase redeemed at least 1.78 billion USDC in last 24hrs (slow-down)

https://twitter.com/circle/status/1634391505988206592
Circle: $3.3 Billion in Silicon Valley Bank

The arbitrage opportunity is currently shifting from one pair to another,

in shot below where the swap was made from USDT to DAI resulting in a gain of +33,063.63 after the swap..

few market-makers/funds plying it..
worth monitoring the gap > shot.

USDC Falls Below 95 Cents

https://twitter.com/coinbase/status/1634399032767307776
Coinbase: USDC-USD conversion service temporarily closed

Stable coins Landscape outlook (updated)

Correlation between stable pairs can be scanned for arb opportunities there..

XXX/USDC/USDT/ APY across the board..filtered for highest to lowest