TLDR
US Banking Turmoil: First Republic Bank (FRC) shares plunge by 50% after a $100B deposit drop, adding uncertainty to the banking system.
Ethereum's Shapella Upgrade: ETH hits a 9-month high after successful completion of the milestone upgrade, but market retraces.
US Stablecoin Regulation Debate: New draft on stablecoin legislation sparks intense discussion, excluding categorization as securities.
Plus, industry highlights: Apple's high-interest savings account, Bittrex's SEC lawsuit, Chinese banks collaborating with crypto firms, and Nike's crypto push.via the TL;DR App
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Written by ulriklykke | Author of the Bitcoin Global Macro, a newsletter focusing on digital assets, macro insights & investment ideas.
