“Merchants do not wish to maintain Silvergate Capital this week as fears that any testimony from FTX may very well be damning,” mentioned Edward Moya, senior market analyst of the Americas at OANDA. “Lawmakers are looking for out every thing that went incorrect with FTX and a few of that would spill over to Silvergate. Everybody needs to know if and the way Silvergate performed a pivotal position within the transferring of buyer funds from FTX to Alameda. Any corporations with ties to FTX will probably come below super scrutiny.”
