Silvergate Shuts Crypto Payments Network; Shares Fall

The video discusses the uncertainty surrounding a bank, with analysts downgrading its stock significantly. Silvergate, a key player in crypto transactions, faces substantial losses and is reviewing its viability. The Biden administration is monitoring the situation closely. Meanwhile, Alameda Research has filed a lawsuit against Grayscale Investments, accusing them of high management fees and blocking redemptions, as part of efforts to recover funds lost in the FTX collapse.

What is the Biden administration doing in response to the situation with Silvergate?

What allegations did Alameda Research file against Grayscale Investments?