Grease Monk-eh!

Silicon Valley Bank’s collapse last week sent tingles of panic down investors’ spines as it highlighted a larger problem across the banking sector: The widening gap between the value large lenders place on the bonds they hold and what they’re actually worth on the market. Source: CNN

Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday after Circle, the US firm behind the coin, revealed some of the reserves backing it were held at Silicon Valley Bank. Source: CNN

This week, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo. Source: CNN

Roku held approximately $487 million of its $1.9 billion in cash at Silicon Valley Bank, which collapsed Friday and was taken over by the Federal Deposit Insurance Corporation, the streaming technology company disclosed in an SEC filing. Source: CNN

Silicon Valley Bank’s 48-hour collapse led to the second-largest failure of a financial institution in US history. Source: CNN

Alison Greenberg, CEO of Ruth Health, describes to CNN’s Erin Burnett what it was like to urgently withdraw money from Silicon Valley Bank before it collapsed. Source: CNN

Source: CNN

• LIVE UPDATES: US adds 311,000 jobs, indicating economy still too hot for Fed to ease rate hikes • Biden White House keeps confronting a good problem: A hot labor market Source: CNN

Source: CNN

January’s jobs report delivered a heck of a surprise when it showed the US economy had added more than half a million jobs and unemployment had dipped to a level not seen in more than five decades. Source: CNN