IOSG Ventures has never made any USDC exchanges in the past 7 days and have zero exposures to both SVB and Silvergate.

US taxpayers shouldn’t bail out Silicon Valley Bank, Republican presidential candidate Nikki Haley said in a statement. 

The fallout from the collapse of Silicon Valley Bank is beginning to spread around the world. 

Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs begin Monday am,” he cautioned.

The Treasury Department plans to brief California’s congressional delegation on the Silicon Valley Bank collapse at 1:00pm Sunday, according to a person familiar with the plans.

The initial payout — the amount of which is still being determined — would aim to tide over the firm’s distressed customers, many of them Silicon Valley entrepreneurs and their companies, with more cash to follow as the bank’s assets are sold. The amount will depend in part on the Federal Deposit Insurance Corp.’s progress in turning assets to cash by Sunday night.

Regulators are scurrying to sell assets of the failed Silicon Valley Bank this weekend and hope to make between 30% to 50% of uninsured deposits available for withdrawal Monday, Bloomberg reported.

HPS Investment Partners and Oaktree Capital Management are among investment firms that are offering to provide financing to companies with cash trapped at Silicon Valley Bank, according to people with knowledge of the matter.

The fallout from the collapse of Silicon Valley Bank is beginning to spread around the world. 

Of the companies listing assets caught up in the collapse of Silicon Valley Bank on Friday, Roku Inc. is among those reporting the heaviest exposure.