Ram Ahluwalia, CEO of Lumida Wealth Management, joins us to discuss everything that's happened in the past five days post-SVB collapse. Ram has his finger on the pulse on all things finance (crypto included), the U.S. Banking System, and The Federal Reserve. Was USDC ever at risk? Is crypto being targeted? Could DeFi have fixed this? Answers to these questions and much more in the episode.  ------ 📣 RhinoFi | Makes DeFi Frictionless  https://bankless.cc/rhino   ------ 🚀 JOIN BANKLESS PREMIUM:  https://www.bankless.com/join   ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi    ----- Timestamps: 0:00 Intro 7:48 The Last 5 Days 10:30 Technology  15:35 Fractional Reserves & Assets 19:17 Banking & Venture 21:44 SIVB Outlier  27:35 Risk Curves 29:35 Carry Trades 35:05 Money Markets 38:15 Who's Next? 40:55 Feds' Goal 47:15 Sneak Attack on Tax Payers? 49:30 Longtail Banks 57:39 Was USDC Ever at Risk?  1:03:10 SigNet  1:07:15 Is Crypto Being Targeted? 1:12:18 Interest Rates 1:18:35 Could DeFi Fix This?  1:22:24 Closing & Disclaimers ----- Resources: Ram Ahluwalia https://twitter.com/ramahluwalia  SVB is not like other banks https://twitter.com/ramahluwalia/status/1635464465142480896  Why was Signature Bank targeted? https://twitter.com/ramahluwalia/status/1635267951610810370?s=20  “Settlement Risk”  https://twitter.com/ramahluwalia/status/1635113232909373441?s=20  Conclusion https://twitter.com/ramahluwalia/status/1634203375880265730?s=20   ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Ram Ahluwalia, CEO of Lumida Wealth Management, joins us for his second time on Bankless to discuss the latest bank failure and what it means for the rest of the traditional finance system. Are there more failures to come? Can crypto save the banks? Why are politicians being quiet this time around? What will Powell do next? Answers to these questions and much more in the episode.  ------ 🚀 Stake with Swell https://bankless.cc/Swell  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire  👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ Timestamps: 0:00 Intro 8:30 Season Two of the Banking Crisis 10:38 First Republic Bank 13:00 Politicians Being Quiet?  15:13 Ram's Slide Agenda 16:10 Co-Morbidities of Bank Failures  23:40 Negative Equitites  24:40 Publicly Traded Banks  30:27 The Walls Preventing a Collapse  35:40 The Banks' Mycelium Network 39:26 What's the Problem? 45:50 Commercial Real Estate  47:10 The Next 2008? 50:10 CRE Risk 53:07 Arthur Hayes Take  56:40 Balaji Take 1:01:13 Will Powell Blink? 1:03:20 How to Fix the Banks 1:09:35 How Crypto Saves the Banks? 1:12:55 Closing & Disclaimers ------ Resources: Ram Ahluwalia https://twitter.com/ramahluwalia  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Topics in the podcast include recent price movements of Bitcoin and Ether, the SEC's classification of Ether, concerns about Coinbase's dominance in the Bitcoin ETF market, regulatory obstacles for decentralized custody services, uncertainties about Dogecoin and Ethereum futures, and Michael Saylor's large Bitcoin holdings impacting the market.

Discussions on recent price movements of Bitcoin and Ether, the SEC's classification of Ether, Coinbase's influence in the Bitcoin ETF market, Decentralization in custody services, the future of Dogecoin, approval of Ethereum futures, and Michael Saylor's Bitcoin holdings.

The podcast discusses Bitcoin hitting an all-time high, Ethereum upgrades, ETFs' impact on digital assets, market dynamics, fund distribution, political climate, efficient data consolidation tech, payment systems, and market rally implications