# Bank Run Blues
- Redlion Gazette 130
- Week 10 2023
Degens at Silicon Valley Bank caused a global economic crisis by over lending and not managing risk. The contagion spread to all markets hurting stablecoins and pushing Anons into BTC and ETH.
## Articles:
- [Banking Crisis & Contagion: SVB Fails, USDC DePegs Amidst Panic](https://www.redlion.news/article/banking-crisis-and-contagion-svb-fails-usdc-depegs-amidst-panic)
- [Beeple Studios Grand Opening Wows Audience, Actualizes NFTs IRL](https://www.redlion.news/article/beeple-studios-grand-opening-wows-audience-actualizes-nfts-irl)
- [Gitcoin Presents… Vitalik NFT? Degens Get Rekt, Accidentally Fund Charity.](https://www.redlion....