[ad_1] <br><div> <p><a target="_blank" href="https://s3.us-west-2.amazonaws.com/secure.notion-static.com/9ee312b2-c01c-4d54-9fdb-bc7e98e4ad90/251b6f2f831a1168d4e81188fbbcb807_d1e5f858e8715c2509a45fbd31bc0497_8.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=AKIAT73L2G45EIPT3X45%2F20230311%2Fus-west-2%2Fs3%2Faws4_request&X-Amz-Date=20230311T082747Z&X-Amz-Expires=86400&X-Amz-Signature=751d50c1505082b395df6e849ae415600cfe2943c55c73670d6f6ecdc6a3bc7c&X-Amz-SignedHeaders=host&response-content-disposition=filename%3D%22251b6f2f831a1168d4e81188fbbcb807_d1e5f858e8715c2509a45fbd31bc0497_8.pdf%22&x-id=GetObject" rel="noopener nofollow" data-vars-outbound-link="https://s3.us-west-2.amazonaws.com/secure.notion-static.com/9ee312b2-c01c-4d54-9fdb-bc7e98e4ad90/251b6f2f831a1168d4e81188fbbcb807_d1e5f858e8715c2509a45fbd31bc0497_8.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=AKIAT73L2G45EIPT3X45%2F20230311%2Fus-west-2%2Fs3%2Faws4_request&X-Amz-Date=20230311T082747Z&X-Amz-Expires=86400&X-Amz-Signature=751d50c1505082b395df6e849ae415600cfe2943c55c73670d6f6ecdc6a3bc7c&X-Amz-SignedHeaders=host&response-content-disposition=filename%3D%22251b6f2f831a1168d4e81188fbbcb807_d1e5f858e8715c2509a45fbd31bc0497_8.pdf%22&x-id=GetObject">According</a> to a report that started circulating on March 11 within the aftermath of the collapse of Silicon Valley Financial institution (SVB), distinguished blockchain enterprise capitalists (VCs) have over $6 billion value of belongings held by the now-defunct monetary entity. These embrace $2.85 billion from Andreessen Horowitz (a16z), $1.72 billion from Paradigm and $560 million from Pantera Capital.</p><p>A16z at the moment holds lively investments in tasks resembling Alchemy, Sky Mavis and Yuga Labs, and was beforehand an investor in cryptocurrency change Coinbase. Paradigm has invested in tasks resembling Compound, Cosmos and Uniswap. In the meantime, Pantera Capital holds stakes in tasks resembling 1inch, Ankr and Zcash.</p><p>The report, compiled by Citadel Corridor due diligence and extracted from United States Securities and Change Fee filings, is a point-time disclosure of the VCs’ belongings held in custody by SVB. It doesn't embrace updates resembling current withdrawals, deposits or transfers after the time of disclosure. As well as, whereas the stated corporations are distinguished buyers within the crypto house, not all its belongings held by SVB are utilized in crypto investments.</p><figure><amp-img src="https://s3.cointelegraph.com/uploads/2023-03/c11a759c-b84a-4125-a336-2d9f882b64ad.jpg" alt="" title="" width="4" height="3" layout="responsive"/><figcaption class="inline-style-0">Checklist of distinguished crypto stakeholders and VCs' reactions to the USDC depegging occasion | Supply: Lookonchain, Crypto_HD</figcaption></figure><p>SVB, a big monetary lender servicing enterprise capital corporations and tech firms, was <a target="_blank" href="https://cointelegraph.com/news/silicon-valley-bank-shut-down-by-california-regulator" rel="noopener"><a target="_blank" href="https://cointelegraph.com/news/silicon-valley-bank-shut-down-by-california-regulator" rel="noopener">shut down by California regulators</a> on March 10. On the time, it was the sixteenth largest financial institution within the U.S., with over $212 billion in belongings. The reason for the collapse was, apparently, a failed leveraged guess on U.S. treasury bonds that led to $1.8 billion in losses on its $21 billion portfolio after the U.S. Federal Reserve repeatedly raised rates of interest this previous yr — sharply driving down the costs of bonds. </p><p>Regardless of the comparatively small loss, a disaster of confidence ensued, resulting in tens of billions of {dollars} of redemption calls for in a few days. The corporate reportedly has $74 billion left of longer-term U.S. Treasurys, which it has but to liquidate to satisfy redemptions. Circle, the issuer of the favored USD Coin (<a target="_blank" href="https://cointelegraph.com/usdc-price-index" rel="noopener">USDC</a>) stablecoin, at the moment has $3.3 billion value of deposits caught in SVB.</p><amp-twitter height="694" width="486" layout="responsive" data-tweetid="1634227592227336195?ref_src=twsrc%5Etfw"/> </div> <br>[ad_2] <br><a href="https://cointelegraph.com/news/failed-tech-bank-svb-held-over-5b-for-prominent-crypto-vcs-report/amp">Source link </a>
Failed tech bank SVB held over $5B for prominent crypto VCs: Report
[ad_1] According to a report that started circulating on March 11 within the aftermath of the collapse of Silicon Valley Financial institution (SVB), distinguished blockchain enterprise capitalists (VCs) have over $6 billion value of belongings held by the now-defunct monetary entity. These embrace $2.85 billion from Andreessen Horowitz (a16z), $1.72 billion from Paradigm and $560 million from Pantera Capital.A16z at the moment holds lively investments in tasks resembling Alchemy, Sky Mavis and Yuga Labs, and was beforehand an investor in cryptocurrency change Coinbase. Paradigm has invested i
