Silvergate was the first bank. Then it was Silicon Valley Bank and now onto First Republic. They're all tied to the big banks so it might start a "contagion" (newest news buzzword). Right now the money printers are warming up for production. LOL
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Ah, okay, I thought SVB was the first one then Singular or whatever that other bank is that they have been talking about. I'm not sure if money printers running is a good thing or a bad thing for crypto.