Crypto Update | The Fishy Story Behind the Collapse of Silvergate, SVB and Signature Bank
Markets Outlook
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Cryptocurrency Markets - The Biggest Loss in a Long Time
New York regulators decided to abruptly shut down crypto-friendly signature bank on Sunday. The gap between the US three-month Forward Rate Agreement, or FRA, and the Overnight Index Swap Rate, or OIS, also known as the FRA OIS spread, is at a high since March 2020. It turns out that it's a good indicator of the broader banking system health or stability. Bitcoin seems to be outperforming traditional market coverage from CoinDesk and MarketWatch.
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