Odaily Planet Daily News: Tim Draper, a venture capitalist who has participated in Coinbase, Ledger and Tezos investments, said that looking back at the scene when Silicon Valley Bank collapsed, he suggested that startups should start using Bitcoin as a way to hedge risks. After the collapse of Silicon Valley Bank (SVB) in March 2023, many cryptocurrency and technology companies suddenly found themselves unable to obtain funds. When the US government made it clear that it would rescue SVB, USDC was able to recover. (Cointelgraph)