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Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade

After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response.…

Continue ReadingCentral Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade

Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report

Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S.…

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Fed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K?

The U.S. central bank's liabilities may increase if more regional banks fail, creating an upside scenario for the price of Bitcoin.

Continue ReadingFed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K?

Bitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood

Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis.

Continue ReadingBitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood