Peter Thiel and other tech billionaires have reportedly spotted a major market opportunity in the void left by Silicon Valley Bank’s (SVB) 2023 collapse. They are now planning to launch a new financial institution — named after a Lord of the Rings reference — to serve crypto companies and startups that have struggled to secure financing since SVB’s downfall.

triggered contagion across the US banking sector and led to tighter lending standards....

• Retail investors hold the majority of spot Bitcoin ETF shares — either directly or indirectly through investment advisers and hedge funds acting on their behalf.

• Direct retail investor demand may be dormant but not dead, especially outside the US, where self-custody remains essential. ....

• Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK and AAVE above their overhead resistance levels.

) failure to close above $110,000 may have attracted profit-booking by short-term traders. ....

it had taken legal action against 46 websites, including decentralized exchange PancakeSwap and Cryptoradar, in a crackdown on crypto services offered to residents of Turkey. ....