- Crypto enthusiasts saw the recent distress in US banking as an opportunity.
- Crypto trades round the clock, seven days a week, allowing for more opportunities.
- Decentralized finance traders were able to scoop up USDC and DAI at a discount.
- The crisis highlights the connection between the traditional financial system and crypto.
- Dumping USDC at 85 cents on the dollar on Saturday was a missed opportunity.
Crypto’s Diehards Spent the Weekend Trading the Bank Panic
In this edition of the Bloomberg Crypto newsletter, Michael P. Regan recounts a wild weekend replete with “opportunities”:
Michael P. Regan
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