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March 13, 2023, 3:25 PM
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| U.S. Department of the Treasury: |
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13 — WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
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Board of Governors …, CNBC, The White House on YouTube, Circle, FDIC, Stratechery, CNN, Bloomberg, PYMNTS.com, CoinDesk, HotHardware, The Hill, Wired, GeekWire, National Review, DL News, Crunchbase News, Quartz, CryptoSlate, Wall Street Journal, Decrypt, Bitcoinist.com, Blockworks, Technical.ly, Rate of Return, NBC News, Cointelegraph, Inside Bitcoins, DealStreetAsia, Axios, CNBC, Reuters, CoinDesk, crypto.news, THE LOGUE, NFT Evening, New York Post, MediaNama, New York Times, Fortune, Coinpedia Fintech News, Coinspeaker, Tech Startups, Cryptopolitan, Axios, NewsBTC, #OONO, Cryptonews, CryptoPotato, and Protos
LinkedIn:
Janet Mui and Dror Futter
Tweets:
@cz_binance, @potus, @bgarlinghouse, @coinbase, @potus, @jerallaire, @danielagabor, @jessicalessin, @nicktimiraos, @federalreserve, @vcbrags, @litcapital, @elaifresh, @octal, @samro, @neil_irwin, @bobeunlimited, @billackman, @federalreserve, @jasonfurman, @gavinsbaker, @chrisjbakke, @jason, @scottjshapiro, @fedguy12, @jimcramer, @danprimack, @macroalf, @gbildson, @burryarchive, @zck, @jeuasommenulle, @thestalwart, @danprimack, @cburniske, @cburniske, @modestproposal1, @trungtphan, @noahpinion, @texasvc, @tracyalloway, @levie, @ingridlunden, @mcuban, @ivanthek, @petercontibrown, @stephanie_murr, @senwarren, @mbensass, @devahaz, @m_c_klein, @ian_fraser, @lizrhoffman, @robinbrooksiif, @jasonlk, @salehamohsin, @brendanpedersen, @whstancil, @stefeich, @vermontgmg, @charliebilello, @fedguy12, @gavinsbaker, @thebenbergman, @benedictevans, @tculpan, @salehamohsin, @wongmjane, @litcapital, @anthonyrandazzo, @bgarlinghouse, @sarthakgh, @atrupar, @m_c_klein, @davidsacks, @kgreifeld, @jonatanpallesen, @deanobeidallah, @firstadopter, @mcwm, @billackman, @wendyedelberg, @davidmwessel, @mattyglesias, @donmoyn, @joelpollak, @tomfitton, @newtgingrich, @dsquareddigest, @neoavatara, @isadwatson, @karaswisher, @dylanleclair_, @lloydblankfein, @adamscochran, @chiweethegod, @shortsightedcap, @esaagar, @ericnewcomer, @anthony, @jstein_wapo, @rajakorman, @georgegammon, and @jeannasmialek
| Sinead O'Sullivan / Financial Times: |
Having perfected the art of using echo-chamber hype to move markets, VCs managed to hype their own rumors to collapse SVB, slaying a much-loved accomplice — After more than a decade of venture capitalists insisting they provide more than just cash to their portfolio companies, the moment to prove that finally arrived.
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Slate, Wall Street Journal, Kotaku, Wall Street Journal, and Financial Times
Tweets:
@billackman, @jason, @jason, @davidsacks, @zck, @billackman, @molly0xfff, @andrewrsorkin, @chimeracoder, @evanhill, @rachelensignwsj, @nic__carter, @davidsacks, @buccocapital, @thestalwart, @jason, @carlquintanilla, @repthomasmassie, @silvermanjacob, @jason, @balajis, @noahpinion, @maxkennerly, @danprimack, @dcwoodruff, @chrismohney, @leehepner, @davidsacks, @jspujji, @bigblackjacobin, @pwnallthethings, @davidsacks, @verashokina, @brooklynmarie, @dannypage, @davidsirota, @jathansadowski, @nglaros, @danteatkins, @galois_capital, @ddayen, @mattbinder, @jordanuhl, @nickcho, @jasondebolt, @gritgrowthcap, @thelincoln, @mattbruenig, @adamjohnsonnyc, @nicoleperlroth, @hoofnagle, @chafkin, @carnage4life, @logophobe, @paul_bowers, @nycsouthpaw, @mclendaniel, @antoniogm, @ryanlcooper, @pt, @mattdpearce, @carnage4life, @epicureandeal, @hblodget, @vittostack, @devahaz, @frances_coppola, @gumby4christ, @rohunjauhar, @davidsacks, @thelincoln, @carnage4life, @bigblackjacobin, @f_j_j_, @poordart, @sineados1, @lalehkhalili, and @vivekgramaswamy
| Iain Withers / Reuters: |
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits — HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
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Financial Times, BBC, Bank of England, TechCrunch, GOV.UK, HSBC, Bloomberg, BetaKit, The Guardian, The Guardian, Cointelegraph, Silicon Valley Business …, UKTN, LinkedIn, The Register, The Economic Times, Reuters, The Information, Bloomberg, gHacks Technology News, CNBC, Axios, Axios, Politico, Coinpedia Fintech News, The Times, Cryptonews, Micky, New York Times, Tech Monitor, Tech in Asia, PYMNTS.com, crypto.news, Cryptopolitan, Forbes, Crowdfund Insider, Silicon Canals, Watcher Guru, Inside Bitcoins, CoinJournal, ComputerWeekly.com, and Bitcoinist.com
LinkedIn:
Caroline Hepker and Rishi Sunak
Tweets:
@jeremy_hunt, @cetier1, @hmtreasury, @jamestitcomb, @wublockchain, @danielkorski, @justin_cash_1, @samgyimah, @loomdart, @daniburgz, @bondhack, @benedictcooney, @richardgrahamuk, @georgewparker, @checkwarner, @michelledonelan, @mjrobbins, @ibrahimsaninet, @douglas4moray, @bandrew, @georgewparker, @nigel_farage, @suzanneashman, @lisaabramowicz1, @thetranscript_, @jespow, @mayazi, @jamestitcomb, @edconwaysky, @drsdeg, @paulbranditv, @justin_cash_1, @arashmassoudi, @nickmacpherson2, @bondhack, and @degenspartan
| Michael Moritz / Financial Times: |
A eulogy for Silicon Valley Bank, a business partner to tech for 40 years that worked with startups when bigger banks wouldn't and paid a price for its loyalty — Regardless of the reasons behind the bank's collapse, it leaves a huge hole for the start-up scene — The writer is a partner at Sequoia Capital
More:
Monomythical and Bloomberg
LinkedIn:
Bo Ren. Tweets:
@modestproposal1, @johnthornhillft, @edsuh, @jpm25, @aphclarkson, @stianwestlake, @macconwell, @flying_mom, @samirkaji, @rachaelrad, @dsquareddigest, @antoinegara, @dee_bosa, and @sarthakgh
| Michael Flaherty / Axios: |
Sources: JPMorgan, PNC, Apollo, and Morgan Stanley are in separate talks to acquire SVB Financial Group, minus SVB; interest in SVB cooled after the US backstop — J.P. Morgan and PNC are among the potential suitors in talks about acquiring SVB Financial Group in a deal that would exclude …
More:
SVB Financial Group, Crunchbase News, TechCrunch, New York Times, and Reuters
Tweets:
@deitaone and @cgasparino
| The Verge: |
A Reddit user shows how Samsung's Space Zoom feature produces fake, generated images of the moon, highlighting how computational photography is changing photos — For years, Samsung “Space Zoom”-capable phones have been known for their ability to take incredibly detailed photos of the Moon.
More:
r/Android on Reddit, HotHardware, AppleInsider, 9to5Google, SlashGear, MacRumors, and The Register
Tweets:
@halidecamera, @fchollet, @raphaelmilliere, @sdw, @chrislintott, @somegadgetguy, @adrianhon, @halidecamera, @adrianhon, and @uwukko
| Sarah Perez / TechCrunch: |
WordPress.com owner Automattic acquires the WordPress plugin ActivityPub and hires its developer, to help blogs integrate with the Fediverse, including Mastodon — WordPress.com sites now have an easier way to integrate with the Fediverse, including Mastodon.
Tweets:
@dimensionmedia
| CNBC: |
New York shuts down Signature Bank as US regulators cite a “systemic risk exception” like for SVB, announcing all of Signature's depositors will be “made whole” — U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution …
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FDIC, Reuters, Department of Financial …, The Block, Gizmodo, New York Times, CBS News, PYMNTS.com, Decrypt, Bloomberg, The Block, Politico, Apricitas Economics, Neowin, Watcher Guru, crypto.news, Cointelegraph, MarketWatch, The Guardian, Financial Times, Blockworks, Coinspeaker, Inside Bitcoins, Crypto Daily, Livemint, Bitcoin News, and VentureBeat
Tweets:
@hfangca, @jchervinsky, @melt_dem, @josephzeballos, @twobitidiot, @thestalwart, @okcoin, @fdicgov, @davidkurten, @leehower, @tbr90, and @arjunsethi
| Bloomberg: |
More:
PYMNTS.com, Bloomberg, Financial Times, and Coinspeaker
Tweets:
@coinbase, @twobitidiot, @tracyalloway, @timccopeland, @hsakatrades, @mayazi, @0xquit, @kamikaz_eth, @lyu_johnny, and @johnreedstark
| MacKenzie Sigalos / CNBC: |
More:
Forbes, Wall Street Journal, PYMNTS.com, Cointelegraph, Quartz, Crypto Briefing, ExchangeWire.com, and Grit Capital
Mastodon:
@lauren@mastodon …. Tweets:
@ragingventures, @jacqmelinek, @amacker, @laurawalkerkc, and @jimpethokoukis
| Vishal Chawla / The Block: |
Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+ — - Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.
More:
BleepingComputer, Cointelegraph, Decrypt, TechCrunch, Bloomberg, DataBreachToday.com, Cryptopolitan, crypto.news, Ethereum World News, SecurityWeek, and Cryptonews
Mastodon:
@lorenzofb@infosec.exchange. Tweets:
@eulerfinance, @peckshield, @zachxbt, @pcaversaccio, @peckshield, @degenspartan, @functi0nzer0, @crypto_mckenna, @mhonkasalo, @functi0nzer0, @0xtuba, @nomorebear, @lidofinance, @peckshield, @0xrooter, @yohangglobal, @mhonkasalo, and @route2fi
| CNBC: |
First Republic Bank's stock drops 45%+, after declining 33% last week, despite claiming $70B+ in unused liquidity on March 12 and the Fed's new lending facility — - First Republic said Sunday it had received additional liquidity from the Federal Reserve and JPMorgan Chase.| Dina Bass / Bloomberg: |
After investing $1B in OpenAI in 2019, Microsoft found ways to string together tens of thousands of Nvidia A100 GPUs, costing several hundred million dollars — When Microsoft Corp. invested $1 billion in OpenAI in 2019, it agreed to build a massive, cutting-edge supercomputer for the artificial intelligence research startup.
More:
The Verge, Microsoft, and Insider
Tweets:
@aparanjape, @chafkin, @dinabass, @dinabass, @rustybrick, and @brianroemmele
| Fortesa Latifi / Teen Vogue: |
A YouTuber who went viral as a toddler says she resents her family for monetizing her childhood, as some influencer parents take their children off social media — “Nothing they do now is going to take back the years of work I had to put in.” — Search Claire's name online … Sponsor Posts
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Uncapped with Jack Altman:
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Invest Like the Best:
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Grit:
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