MakerDAO to ditch French Bank, Alex Pertsev gets out of jail, JPM Buys First Republic

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• U.S. regulator seizes First Republic Bank, to sell assets to JP Morgan Link (1.76 clicks / hour)

• The Llamas are joining Leviathan News for a talk - Link (2.06 clicks / hour)

• MakerDAO has proposed to terminate its $30 million credit line with Societe Generale, France's 3rd largest bank Link (4.35 clicks / hour)

• While Binance battles regulators, its $9 billion VC arm keeps growing Link (0.83 clicks / hour)

• Charlie Munger: US banks are ‘full of’ bad commercial property loans. Link (3.56 clicks / hour)

• Bitcoin and Ethereum Maximalism: Silly And Self-Defeating. Link (1.20 clicks / hour)

• PayPal extending crypto transfers to more than 60 million Venmo customers - Link (0.95 clicks / hour)

• DeFi Llama adds page with annual operational expenses and headcount of protocols Link (1.68 clicks / hour)

• Alex Pertsev tweets for the first time in a while Link (1.47 clicks / hour)

• The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the “next two months” after holding joint public hearings starting May, said Rep. Patrick McHenry (R–N.C.), chair of the House Financial Services Committee. Link (0.47 clicks / hour)

• Fed seeks sweeping changes to bank rules in aftermath of SVB failure. Link