Last night yet another US bank collapsed and was seized by regulators. In March 2023 Silicon Vally Bank, Signature Bank, and First Republic collapsed. #Bitcoin rallied +58% after the initial sell-off, as investors realised the value of a zero counter-party risk store of value… pic.twitter.com/w73OhlI9r6

DTCC announces it will not allocate collateral to Bitcoin or cryptocurrency-related ETFs, nor extend loans against them, effective April 30, 2024. cointelegraph.com/news/dtcc-rules-out-collateral-for-bitcoin-linked-etfs

The crypto community reiterated that bank failures are the "best possible narrative for crypto" cointelegraph.com/news/republic-first-bank-fdic-united-states-regulators-crypto

The crypto market is quiet as Bitcoin continues a period of consolidation. Crypto Twitter continues to be bearish. Meanwhile:…