# SVB Banking Crisis, Fed Pivot, BTC ETH price action📈

*Author: Ryan Sean Adams, David Hoffman*
*Published: Mar 14, 2023*
*Source: https://www.bankless.com/de/podcast/svb-banking-crisis-fed-pivot-btc-eth-price-action*

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Ryan and David discuss the breaking story around the SVB banking crisis. What happened? Why? What's the effect on crypto, the rest of the financial markets, and the banking system?

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0:00 Intro

10:50 Recap 

https://twitter.com/biancoresearch/status/1634885127179325440

22:40 Balaji

https://twitter.com/balajis/status/1634297491507273730

28:05 Joint Statement from FDIC, Fed, Treasury

https://home.treasury.gov/news/press-releases/jy1337

32:40 Silvergate says it would have been fine

https://twitter.com/tarunchitra/status/1635130119030468608

36:25 Bank Stocks Today

https://twitter.com/krugermacro/status/1635272871563132928

37:10 Circuit Breaker Day

https://twitter.com/EricBalchunas/status/1635277429932699650

38:14 XLF Banking sector:

https://www.tradingview.com/chart/pabiN1CM/?symbol=AMEX%3AXLF

38:37 Two Tiers of Banks

https://twitter.com/DavidSacks/status/1634991519735361536

39:25 Jake: “Will regulators get in the way of other banks providing services to crypto customers?" 

https://twitter.com/jchervinsky/status/1635062063583363072

Yano gives 6 options

https://twitter.com/JasonYanowitz/status/1635092782665846784

42:40 Effect on USDC

https://twitter.com/circle/status/1634391505988206592

DAI too

https://imgur.com/r52CCX1

44:40 Chadallaire 

https://twitter.com/jerallaire/status/1635059024050937856?s=20

48:20 USDC:USD conversions are good to go 

https://twitter.com/coinbase/status/1635276541545566215?s=20

52:20 10 yr yield down

https://twitter.com/Fxhedgers/status/1635283433684627457

52:50 Pricing in new interest rates

https://twitter.com/tier10k/status/1635218135405195264

57:20 Meanwhile, crypto: 

https://twitter.com/Matt_Hougan/status/1635283436981358595

58:25 Kraken Crypto Prices: 

https://pro.kraken.com/app/trade/ETH-usd

59:45 Banks down, Bankless up

https://twitter.com/DaRealMilkBagz/status/1635317764306112520

1:00:00 Binance buying 1 billy BTC

https://twitter.com/cz_binance/status/1635131601884700674

1:01:07 NLW Meme

https://twitter.com/nlw/status/1635283902339375106

1:03:29 Quintenz

https://twitter.com/brianquintenz/status/1634173078828621825

1:04:00 Attack on Crypto? 

https://twitter.com/nic__carter/status/1635328056234766337

1:04:37 Don’t let them blame this on crypto

https://twitter.com/RyanSAdams/status/1635058083071410176?s=20

https://twitter.com/TrustlessState/status/1635049623407726596?s=20

1:05:05 Memes

https://twitter.com/ErikVoorhees/status/1635282975100407812?s=20

https://twitter.com/milesjennings/status/1635319531790045184?s=20

1:05:50 Closing & Disclaimers