Breaking: Elon Musk Considers FTX Among World's Biggest Economic Failures

Crypto News: Tesla CEO Elon Musk shared his views on the ongoing crisis surrounding the bank failures. This comes amid heavy criticism on the manner in which banks are handled by regulators. The failure of Silicon Valley Bank and Signature Bank in the United States and the latest emergency merger deal involving Credit Suisse and UBS Group led to massive drop in value for bank stocks across markets. Meanwhile, the crypto market took an inverse correlation to the macro behavior dominated by the news of bank crisis.