Euler Finance Hacker Rejects Bounty, SVB Financial Group Files for Bankruptcy
Mar 17, 2023
Markets have largely received news of the Fed’s balance sheet expansion to $8.6T earlier this week to be favorable but concerns around the stability of regional banks still loom. ^SPX (-1.3%)and QQQ -0.61% (-1.0%) have opened lower today after First Republic Bank received its $30b infusion from other banks. BTC (+6.0%) briefly traded at $27k this morning before retracing to right below it, while ETH (+3.6%) did not break its $17.8k high from earlier in the week. Across the Top 100, Conflux (CFX) and Stack (STX 0.30% ) have been the top gainers over the past week. The former benefitted from the ‘China narrative,’ ranking 7th in 24H volume in the top 100. We wrote about Stacks’ potential for growth two weeks ago.