THE HASH: Bitcoin Surges Above $24K as Silicon Valley Bank Customers Will Have Access to Their Money
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 March 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Monday, March 13, 2023.
Bitcoin (BTC) is climbing above $24,000, as the Federal Deposit Insurance Corporation said depositors of Silicon Valley Bank will have full access to their money beginning Monday morning, after confirming a successful transfer of deposits to a new bridge bank. This comes as crypto exchange Binance said it will convert $1 billion worth of Binance USD (BUSD) to bitcoin (BTC), ether (ETH), BNB coin (BNB) and other tokens to support the market.
See also:
Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB and Other Tokens
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos
Circle Scrambles to Right USDC After Signature Bank Failure
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This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:43.9 | Wondery UK. That's audible.com slash Wondery UK. This is the hash podcast. |
| 0:59.6 | Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more. |
| 1:05.0 | All on the hash for your ears. |
| 1:08.6 | You're listening to the Coin Desk Podcast Network. Good morning and welcome to the hash here on |
| 1:14.8 | Coin Desk TV. What a weekend. Oh my goodness. Things got pretty hairy there on Friday and it was not |
| 1:21.8 | looking good. I don't know if it's even looking good now, but certainly things are happening. |
| 1:25.6 | I'm Zach Seward. We got Wendy O, |
| 1:31.5 | Jensenassie, and Will Foxley. We're going to try to break this down for you as best as possible. |
| 1:38.3 | Wendy, lead us off. What do you got? You know, the story has changed so many times by the hour, |
| 1:45.9 | by the minute. Silicon Valley Bank clients can fully access funds after FDIC creates new bridge bank. And of course, |
| 1:52.4 | Bitcoin is pumping and melting faces. The complete crypto market cap is actually broke above $1 trillion again. Bitcoin is also currently trading in approximately $24,000, which is absolutely |
| 1:59.7 | outstanding and just kind of shows how powerful Bitcoin is, |
| 2:03.4 | because I believe that all U.S. stocks or U.S. bank stocks were halted due to volatility or some |
... |
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