Monday March 13, 2023
Your Weekly Update On All Things Crypto
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TL;DR
MACRO NEWS
Crypto Community Returning To Its Roots After SVB Goes Down...
The March 10th collapse of Silicon Valley Bank (SVB) sparked FUD (Fear, Uncertainty, and Doubt) throughout the crypto community, prompting many to return to crypto roots, namely, reviving the Bitcoin (BTC) white paper published just weeks after the 2008 Lehman Brothers meltdown.
SEC Continues To Lose Public Support As Voyager And Binance US Deal Gets Finalized...
Following a favorable bankruptcy court ruling, Binance US is reportedly proceeding with its intentions of obtaining the $1.3 billion assets of the downtrodden crypto lender Voyager. Judge Michael Wiles will therefore sign a court order authorizing the sale and the associated $20 million payout plan to Voyager customers.

A Key Pillar Of The Crypto Industry Falls As Silvergate Shuts Down...

Silvergate Capital Corporation, the holding company for Silvergate Bank, has officially announced that it will cease operations entirely. The bank stated that it would be voluntarily liquidated in an orderly fashion and in accordance with applicable regulatory procedures.
INDUSTRY EVENTS
Bitcoin Energy Summit
March 26 - 27/2023
TECHNICAL ANALYSIS
Bitcoin (-4.4%) Bounces as Investors Flee to Bitcoin Following SVB Collapse
Ethereum Finishes Week Nearly Even (-0.5%) Despite SEC Targeting ETH as a Security
CONTENT OF THE WEEK
The Government Game Plan: Call Ether a Security, Tax the Crap Out of Bitcoin Mining
Crypto Collapse Just Got Worse! [Ethereum & USDC In Big Trouble?]
BIG THINGS COMING TO CRYPTO... Only IF THIS HAPPENS
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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.