LensLinks: Issue 112

Silicon Valley Bank Closed Down, brought to you by Regiment LLC

Author

Len Pacek
March 13, 2023

Today in LensLinks:

  • SWIFT moves to next phase of CBDC testing after positive results

  • Silicon Valley Bank Closed Down, Regional Bank Stocks Trading Halted

  • Lego Prepares a Metaverse Collaboration With Epic Games to Target Digital Markets

  • Ripple v. SEC: Legal expert shares predictions of 5 outcomes

  • Top Altcoins Record Massive Whale Transactions Amid Market Downtrend

  • Expert Outlines Reasons Why He Thinks SEC Gary Gensler's Facing Massive Losses Soon

  • Ethereum Co-Founder Vitalik Buterin's Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet

  • CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position

  • More than $70 billion wiped off crypto market in 24 hours as bitcoin drops below $20,000

  • Singularity: What’s next in large language model (LLM) research? Here’s what’s coming down the ML pike

  • And Much, Much, More…

QUOTABLE

❝

“Silicon Valley Bank, Santa Clara, California, was closed (Friday) by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank.”

- author

NOTABLE

US regulators say SVB customers will be made whole as second bank fails | CNN Business

In an extraordinary action to restore confidence in America's banking system, the Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday.

www.cnn.com/2023/03/12/investing/svb-customer-bailout/index.html

SWIFT moves to next phase of CBDC testing after positive results

According to a recent survey by the OMFIF Digital Monetary Institute that was cited by SWIFT, 24% of central banks will introduce a CBDC within the next couple of years.

cointelegraph.com/news/swift-moves-to-next-phase-of-cbdc-testing-after-positive-results/amp

Metaverse & Gaming

Lego Prepares a Metaverse Collaboration With Epic Games to Target Digital Markets – Metaverse Bitcoin News

Lego, the Danish brick toy company, expects to diversify its entertainment offerings portfolio, targeting the metaverse with a new initiative.

news.bitcoin.com/lego-prepares-a-metaverse-collaboration-with-epic-games-to-target-digital-markets

Blockchain, Tokens & DeFi

Ripple v. SEC: Legal expert shares predictions of 5 outcomes

With the conclusion of the Ripple v. SEC lawsuit seemingly inching closer, a legal expert has shared views of the possible outcomes.

finbold.com/ripple-v-sec-legal-expert-shares-predictions-of-5-outcomes

Crypto Trading

Top Altcoins Record Massive Whale Transactions Amid Market Downtrend | Bitcoinist.com

The crypto market has significantly declined, particularly in the last seven days, and altcoins are seeing a blood bath. Crypto assets like Bitcoin, Ethereum,

bitcoinist.com/top-altcoins-record-massive-whale-transactions/amp

Metaverse & Gaming - a little more…

What to Expect At Nvidia GTC 2023

Scheduled between March 20 and 23, this year’s GTC will focus on AI computing systems, generative AI, industrial metaverse, and robotics from Nvidia

analyticsindiamag.com/what-to-expect-at-nvidia-gtc-2023

Gaming and AR Companies Seek to Entice Brands Amid Budget Cutbacks

The trade body is aiming to formalize how media is sold in the space.

www.adweek.com/media/gaming-and-ar-companies-seek-to-entice-brands-amid-budget-cutbacks

Blockchain, Tokens & DeFi - a little more…

Expert Outlines Reasons Why He Thinks SEC Gary Gensler's Facing Massive Losses Soon

In a bold move by the world's largest asset manager, BlackRock has announced the launch of a private trust that will give clients exposure to spot

coinpedia.org/news/expert-outlines-reasons-why-he-thinks-sec-gary-genslers-facing-massive-losses-soon/amp

Ethereum Co-Founder Vitalik Buterin's Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet – Bitcoin News

The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value.

news.bitcoin.com/ethereum-co-founder-vitalik-buterins-address-sells-trillions-of-airdropped-tokens-causes-illiquid-coin-prices-to-plummet

CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position

CFTC chair Rostin Behnam has called Ethereum a commodity and not a security, in apparent contrast to past statements from SEC Chairman Gary Gensler.

forkast.news/headlines/cftc-chair-calls-ethereum-a-commodity-in-contrast-to-sec-chair-genslers-position/amp

Crypto Trading - a little more…

Silicon Valley Bank Closed Down, Regional Bank Stocks Trading Halted

Silicon Valley Bank, he 18th largest bank in the U.S. by total assets, was closed down by regulators today after it suffered a bank run.

cryptobriefing.com/silicon-valley-bank-closed-down-regional-bank-stocks-trading-halted

Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash

The largest long liquidation in at least a month suggests Thursday’s crash in crypto prices has caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from CoinGlass.

www.coindesk.com/markets/2023/03/09/crypto-traders-suffer-over-300m-of-losses-in-liquidations-amid-market-crash

More than $70 billion wiped off crypto market in 24 hours as bitcoin drops below $20,000

A number of issues are weighing on cryptocurrency markets including a sell-off in U.S. stocks and issues at Silicon Valley Bank. Bitcoin fell below $20,000.

www.cnbc.com/amp/2023/03/10/bitcoin-falls-below-20000-63-billion-wiped-off-cryptocurrency-market.html

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

What’s next in large language model (LLM) research? Here’s what’s coming down the ML pike

Large language models (LLMs) have come a long way; but they have a long way to go, too. How evolving techniques are advancing the technology.

venturebeat.com/ai/whats-next-in-large-language-model-llm-research-heres-whats-coming-down-the-ml-pike/amp

ESG (Environmental, Social & Governance)

We Are Social To Debut Virtual Influencer At SXSW - B&T

We Are Social Singapore and Plus Company have announced Cinder's Cybersip, an IRL experience to bridge the gap between the virtual and physical world at this year’s SXSW.

www.bandt.com.au/we-are-social-to-debut-virtual-influencer-at-sxsw

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.