Crypto collapse: Signature Bank blows up, US crypto frantically looks for new banking

More banks are on fire! This time it’s Amy’s turn to post. [Amy Castor]

In today’s desperate telegram from the front:

  • Signature, the other bank of crypto, got taken out and shot on Sunday evening — a few hours after we posted about Silicon Valley Bank.
  • USDC has recovered. Circle and Coinbase mostly dodged the fallout from Signature.
  • Good thing crypto is uncensorable and unstoppable and doesn’t need banking — ‘cos they don’t have it any more.

 



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