Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
USDC depegged over the weekend to 89 cents, and a Buterin-labeled wallet may have bought the dip.
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Banking Crisis Won’t Kill Crypto-Banking Despite Short-Term Pain
From alternative banks to on-chain banking, crypto banking still has plenty of options, experts say.
Bitcoin Surges as Intervention Eases Contagion Fears, Fuels Hopes for Fed Dovishness; Binance’s $1B Conversion Helps, Too
Investment banking giant Goldman Sachs analysts have predicted that the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report.
Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank
Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator said
Bitcoin, U.S. Stock Futures Erase Early Gains as First Republic Bank Tanks 50% in Pre-Market Trading
Risk assets pared gains while bond yields tanked as emergency measures announced by U.S. authorities failed to assuage investor fears about banking sector problems.
Circle Scrambles to Right USDC After Signature Bank Failure
Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order….
Silicon Valley Bank Depositors Will Have Access to “All” Funds Monday, Say Federal Regulators
In a joint statement, federal banking and finance regulators said depositors will be made whole.
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
The company plans to use corporate resources to fill the gap, including external capital.
Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears
Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds.
Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents
Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.