US Banking System Under Increasing Pressure
Too Long; Didn't Read
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.