3 days ago, September monthly candle was showing signs of strength for a bullish recovery. Finally, The closing of this candle which will take place in a few hours gives rise to doubts about this bullish recovery.
What impact can a series of banking crises have on the economy and cryptos?
After a difficult year 2022 for the whole economy, 2023 does not look better.
In this first quarter of 2023, we are witnessing several banking crises.
In Europe, banks have been put to the test due to the financial crisis. Credit Suisse, a Zurich-based bank, was taken over by UBS after experiencing serious setbacks that sparked panic in the banking sector.
We also have the bankruptcy of several American banks such as: Silvergate Bank, Silicon Valley Bank and Signature Bank in March 2023.
The new ERC-4337, is an Ethereum upgrade that enables account abstraction. Account abstraction allows Ethereum wallets to act as smart contracts. ERC-4337 improves on traditional standards Ethereum has integrated the ERC-4337 standard on its network.