Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch.
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Ripple Lands 3rd Korea Deal, Jeonbuk Bank Brings 24/7 Crypto Payments to Firms
Key Takeaways: Jeonbuk Bank is the first regional bank in Korea to use Ripple Payments. The service allows cross-border settlement...
Citi to Debut Bitcoin Custody for Institutional Investors
Bitcoin Magazine Citi to Debut Bitcoin Custody for Institutional Investors Citi will debut a bitcoin custody service later this ye...
Bitcoin Is Down but Asset’s Role as Global Monetary Alternative Remains, Says Blackrock
Bitcoin Magazine Bitcoin Is Down but Asset’s Role as Global Monetary Alternative Remains, Says Blackrock Bitcoin’s price is down n...
Royal Bank of Canada increases stake in Strategy by 14% with $4M purchase
RBC's increased stake in Strategy highlights growing institutional interest in crypto exposure through regulated stock proxies ami...
Bank of America dumps 80% of its Strategy shares, trimming position to $110M
BofA's significant reduction in Strategy shares highlights a cautious approach to volatile assets, potentially influencing institu...
Paul Tudor Jones’ firm boosts BlackRock Bitcoin ETF stake by 19% to $23M
Tudor's cautious stance on Bitcoin ETFs highlights institutional wariness, balancing exposure with downside protection amid market...