Circle confirms $3.3 billion remain at Silicon Valley Bank
Circle said it failed to remove $3.3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news,...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank...
Breaking: Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment tech company and USD Coin (USDC) issuers Circle confirmed that wires initiated on Thursday to remove balances have not yet...
Pro: SVB collapse may put this crypto bank in a stronger position
FDIC closed Silicon Valley Bank today and took control of its deposits. Austin Campbell says it could actually be a benefit for Signature Bank. Shares...
$920B is the number to watch now that crypto’s trillion dollar total market cap is gone
Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a level that held...
SEC disapproves VanEck spot BTC trust product, commissioners see double standard
The United States Securities and Exchange Commission (SEC) ordered against a rule change to allow investment manager VanEck to create a spot Bitcoin Trust on...
Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last...
Circle’s exposure to US banks could top $9B
USD Coin (USDC) issuer Circle’s exposure to the United States banking system sits near $9 billion, according to its latest audit report from January. Circle’s...
Ethereum Shanghai upgrade could benefit liquid staking providers and cement ETH’s layer-1 dominance
Ethereum’s upcoming Shanghai upgrade will allow users to withdraw staked Ether (ETH), increasing the network’s liquidity and competitiveness while also boosting its staking ratio closer...
South Dakota gov vetoes bill excluding crypto from definition of ‘money’
Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.In a...