🟦 FOMC meeting - Operators are expecting 4-5% rate hike!

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TUSD hits $1.2 on BINANCE amidst heavy borrowing on DeFi lending protocols

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Back in the Global Financial Crisis over 150 banks went out of business.

Today, 4 failures already equate to nearly the entire amount of assets financial institutions held during the banking crisis issue of '08 and '09 👀

✍️ Note how the number of bank failures historically has lagged vs. assets, meaning that bigger banks fail first, then a greater number of smaller failures come after.

2023 has already been the biggest year for bank failures assets in US history, and the year is not over. A recession hasn’t even started yet. The rest of the year - the beginning of next year could be pretty bearish for the markets 📉

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