Bitcoin Treasury Company Strategy [MSTR] Plunged 77% from its High, Joins our Imploded Stocks. Bitcoin Plunged only 50% by Wolf Richter • Feb 5, 2026 • 105 Comments The miracle of valuing the company’s stock far higher than its bitcoin holdings came unglued. Then bitcoin plunged.
Silicon Valley Bank’s Uninsured Depositors Bailed Out. Crypto Signature Bank Shut Down, All Depositors Bailed Out. Senior Execs Fired. All Shareholders, Some Bondholders Bailed In by Wolf Richter • Mar 12, 2023 • 581 Comments Treasury/Fed/FDIC issue joint statement with Tough Love for investors in failed banks.
Coinbase CEO Still among those “Who Believe in Crypto,” the Religion, Cuts another 25% of Real-World Staff, Sees another Huge Loss by Wolf Richter • Jan 10, 2023 • 118 Comments It has $3.6 billion in real-world debt. The bonds crashed, the stock imploded, reality keeps biting the crypto world.
Crypto-Bank Silvergate Details its Own Implosion, Much of its Equity Capital Wiped Out. I’m Waiting for the FDIC to Show Up by Wolf Richter • Jan 5, 2023 • 90 Comments Wait a minute… It still “believes in” crypto? Is crypto now a religion that a bank “believes in?” FDIC, are you reading this?
Fed, FDIC, & OCC Warn Banks about Contagion from Cryptos, with Laundry List of Sordid Stuff Inherent in the Crypto Scene by Wolf Richter • Jan 3, 2023 • 159 Comments Only a couple of smaller banks have significant exposure to cryptos, and their shares have collapsed.
The Price of Easy Money Now Coming Due by Wolf Richter • Dec 25, 2022 • 216 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
Eleven Months After Going Public via SPAC, Texas-Based Bitcoin Miner Core Scientific Files for Bankruptcy by Wolf Richter • Dec 22, 2022 • 134 Comments Consensual-hallucination stocks and crypto just keep on giving.
BlockFi, 8 Subsidiaries File for Bankruptcy: Smooth & Efficient Crypto Contagion Continues by Wolf Richter • Nov 28, 2022 • 167 Comments The price of consensual hallucination. Filing also lists $30 million SEC settlement, and huge amounts owed to unnamed “clients.”
Lose $1.7 billion on $519 Million in Revenue? Bitcoin Miner SPAC Core Scientific Shows How. Bankrupt a Year after Going Public? by Wolf Richter • Nov 23, 2022 • 151 Comments Consensual hallucination was required to pull this off.
I Agree: Don’t Regulate Crypto, Let it Burn. Making Good Progress on its Own by Wolf Richter • Nov 21, 2022 • 350 Comments By letting it burn, it won’t get big enough to cause major contagion outside of crypto.
