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Quarterly Market Recap: Q1 2023 - [Web3 Breakdowns, EP.67]

Making Markets

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The Fallout From the Cryptocurrency Crisis

Signal Bank and Silicon Valley Bank went into receivership in the first quarter. The banks rely on interest rates, which have been pushed down to an artificially low level by the Federal Reserve. This is one of the first casualties of what could happen, when rates are really low, people take more risk. And because the bank is actually riskier, nobody really understands it though.

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