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Morning, ! 😊 Who likes cheerful news? Well... maybe this one's not for you.

Today for , I tie together three recent bank crashes that speak not just to the precarity of crypto and the tech startup industry, but also the deeper and more human confidence games at stake.

I promise, it's not just a wash of numbers, and *should* help clarify what to make of three major players' different but related collapses this week.

Happy Saturday! Bury your gold! 💫 onlysky.media/mclark/three-ban

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