{"id":19392,"date":"2023-03-20T19:11:30","date_gmt":"2023-03-20T19:11:30","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/03\/20\/elon-musk-sees-ftx-among-worlds-biggest-economic-failures\/"},"modified":"2023-03-20T19:11:30","modified_gmt":"2023-03-20T19:11:30","slug":"elon-musk-sees-ftx-among-worlds-biggest-economic-failures","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/03\/20\/elon-musk-sees-ftx-among-worlds-biggest-economic-failures\/","title":{"rendered":"Elon Musk Sees FTX Among World&#8217;s Biggest Economic Failures"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/elon-musk-ftx-crypto-news\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><strong>Crypto News<\/strong>: Tesla CEO Elon Musk shared his views on the continuing disaster surrounding the financial institution failures. This comes amid heavy criticism on the style during which banks are dealt with by regulators. The failure of Silicon Valley Bank and Signature Bank within the United States and the most recent emergency merger deal involving Credit Suisse and UBS Group led to huge drop in worth for financial institution shares throughout markets. Meanwhile, the <a href=\"https:\/\/coingape.com\/markets\/\" target=\"_blank\" rel=\"noopener\">crypto market<\/a> took an inverse correlation to the macro habits dominated by the information of financial institution disaster.<\/p>\n<p>Also Read: <a href=\"https:\/\/coingape.com\/fdic-delays-svb-bidding-banking-crisis-bitcoin-price-30k\/\" target=\"_blank\" rel=\"noopener\"><strong>FDIC Delays SVB Bidding As Banking Crisis Continues, Bitcoin Price To $30K?<\/strong><\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Meanwhile, the Federal Deposit Insurance Corp (FDIC) is refining the bidding course of for acquisition of Silicon Valley Bank (SVB), which is now working as a nationally chartered financial institution. The <a href=\"https:\/\/coingape.com\/credit-suisse-ubs-merger-confirmed-ft\/\" target=\"_blank\" rel=\"noopener\">Credit Suisse UBS merger news<\/a> introduced shares of banks and bonds down on Monday, because the deal successfully made $17 billion value of Credit Suisse bonds written down, bringing large losses to buyers within the dangerous bonds.<\/p>\n<h2>Elon Musk \u2013 His View Of FTX Collapse<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"quads-location quads-ad124348 \" id=\"quads-ad124348\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<div class=\"ad-container-layout\">\n<div class=\"ad-container\">\n        <a href=\"https:\/\/bit.ly\/3JbHb8M\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n          <img decoding=\"async\" alt=\"bitget-images\" class=\"ad-image\" style=\"&#10;    width: 95%;&#10;\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" alt=\"bitget-images\" class=\"ad-image\" style=\"&#10;    width: 95%;&#10;\"\/><\/noscript><br \/>\n        <\/a><\/p><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"textAds mt-3 position-relative mb-3 border rounded p-2\">\n<a href=\"http:\/\/bit.ly\/3kCtW8T\" target=\"_blank\" class=\"d-flex text-decoration-none\" rel=\"nofollow noopener\">\n\n\n<div class=\"imgAds\"><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" \/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" \/><\/noscript><\/div>\n\n\n\n\n<div class=\"TextadTxt pl-3 pr-5\">Bitget is a Leading Derivatives Trading Platform - 24\/7 online support. One-Click Copy Trading. Industry-leading Security. Sign up & Trade Digital Asset!<\/div>\n\n\n<i class=\"iconsads position-absolute left-50 top-2\"><\/i>\n<\/a>\n<\/div>\n\n -->\n<\/div>\n<p>In his newest Twitter publish, Musk positioned failed crypto alternate FTX among the many likes of Lehman Brothers, Credit Suisse and Silicon Valley Bank. This signifies his view on the catastrophic impact left by the Sam Bankman-Fried firm collapse. The billionaire isn&#8217;t solely well-known for his hyperlinks with memecoin Dogecoin (DOGE) within the crypto world, however is understood for shut ties with <a href=\"https:\/\/coingape.com\/companies\/binance\/\" target=\"_blank\" rel=\"noopener\">Binance<\/a> CEO CZ. This was confirmed after it was disclosed that the crypto alternate acquired an fairness within the Twitter platform.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/6LaLFNxZ9T\">pic.twitter.com\/6LaLFNxZ9T<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1637872698503077901?ref_src=twsrc%5Etfw\">March 20, 2023<\/a><\/p>\n<\/blockquote>\n<p>Also Read: <a href=\"https:\/\/coingape.com\/ftx-news-sues-bahamas-digital-markets-liquidators\/\" target=\"_blank\" rel=\"noopener\"><strong>FTX Sues Bahamian Liquidators Over Affiliate Company; Calls It \u201cFraudulent Enterprise\u201d\u00a0<\/strong><\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"quads-location quads-ad86313 \" id=\"quads-ad86313\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n <!--  --><\/p>\n<div class=\"ad-container-layout\">\n<div class=\"ad-container\">\n        <a href=\"https:\/\/bit.ly\/3JbHb8M\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n          <img decoding=\"async\" alt=\"bitget-images\" class=\"ad-image\" style=\"&#10;    width: 95%;&#10;\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" alt=\"bitget-images\" class=\"ad-image\" style=\"&#10;    width: 95%;&#10;\"\/><\/noscript><br \/>\n        <\/a><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA142909\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<div class=\"authodes\">\n<p>Anvesh stories main developments round crypto adoption and buying and selling alternatives. Having been related to the trade since 2016, he&#8217;s now a robust advocate of decentralized applied sciences. Anvesh is presently primarily based in India. Reach out to him at <a href=\"https:\/\/coingape.com\/cdn-cgi\/l\/email-protection\" class=\"__cf_email__\" data-cfemail=\"cfaea1b9aabca78faca0a6a1a8aebfaae1aca0a2e1\">[email\u00a0protected]<\/a>                         <\/p><\/div>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/69560a4be8debdb70e914532faf8168a?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/69560a4be8debdb70e914532faf8168a?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/69560a4be8debdb70e914532faf8168a?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/69560a4be8debdb70e914532faf8168a?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD142909\">\n<p>  The introduced content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/elon-musk-ftx-crypto-news\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Crypto News: Tesla CEO Elon Musk shared his views on the continuing disaster surrounding the financial institution failures. This comes amid heavy criticism on the style during which banks are dealt with by regulators. The failure of Silicon Valley Bank and Signature Bank within the United States and the most recent emergency merger deal 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