Bank Buyout vs Crypto Markets 🤔💰📈💹
Bank Buyout vs Crypto Markets 🤔💰📈💹
The legacy system is bracing for another potential domino to fall in the ongoing stress on the US banking system.
The legacy system is bracing for another potential domino to fall in the ongoing stress on the US banking system as several regional bank stocks suffer big losses early in the trading week. Early Tuesday morning, PacWest Bancorp, which provides business banking and treasury management to small and midsized businesses, saw its share price collapse 39%. Meanwhile, JPMorgan acquired all of First Republic’s deposits and a “substantial majority of assets.”
PBN Research
The Curse of “Second Best”
What we have are US government institutions caught up in the policy implications of a “second best” world — that is, the repeated inability to come up with an optimal solution.
What’s emerged will come with collateral damage and unintended consequences.
JPMorgan Tokenization
Major Wall Street investment bank JPMorgan is moving forward with its push to tokenize traditional financial assets despite last year’s market downturn.
According to Tyrone Lobban, the head of JPMorgan’s digital asset and tokenization platform Onyx, the bank has already processed close to $700 billion in short-term loans on Onyx, with more to come in the near future.
“We think that tokenization is a killer app for traditional finance,”
Coinbase International Exchange
https://www.coinbase.com/blog/introducing-coinbase-international-exchange
Coinbase chose to become a public company in the US because we believe the US would best be served by embracing this fundamental innovation, but we’re also focused on international markets, many of which are moving forward with strategies to become “crypto hubs.”
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#Bitcoin #bank #bankingcrisis