Weekly Roundup 03/10/23 (Silvergate wind-down, NYAG comes after ETH, more bank runs) (EP.405)

By On The Brink with Castle Island March 10, 2023 · Edited October 4, 2025

Matt and Nic are back for another tumultuous week of news and deals. In this episode: • Nic’s Vespa crisis • FTX crime family update • Grayscale’s oral arguments go well against the

Matt and Nic are back for another tumultuous week of news and deals. In this episode:

• Nic’s Vespa crisis • FTX crime family update • Grayscale’s oral arguments go well against the SEC in the GBTC case • Binance.US (http://Binance.US) wins the right to buy the Voyager assets in court • NYAG sues Kucoin and alleges that ETH is a security • Silvergate is undergoing an orderly wind-down of the bank • Why did Silvergate really collapse? • Why are regulators trying to precipitate bank runs? • Structural issues explaining why Silvergate’s deposits were so correlated • SVB experiences a bank run • Are the Silvergate and SVB difficulties warning sights that the Fed’s rate regime can’t last?