Global crypto headlines of the week
Mar 13, 2023
Global crypto headlines of the week:
🛑US Treasury Secretary Janet Yellen stated that federal aid to Silicon Valley Bank is not currently planned.
🛑The federal government is exploring options to protect all uninsured deposits in SVB.
🛑Liquidity Group is planning emergency loans of $3 billion to assist startups affected by the collapse of SVB.
🛑Justin Sun has proposed creating a “reliable bank capable of meeting the needs of the entire crypto industry.”
🛑South Korea is launching a fund to accelerate domestic initiatives in developing metaverses.
