Should we point fingers at Silicon Valley Bank, the Federal Reserve, the banking system, crypto or the depositors themselves?

Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.

$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.

Every U.S. bank is facing similar structural pressures to what drove crypto’s one-time favorite bank to the moon – then into the ground.

Separation-of-powers offers hope to the crypto industry, which is under attack from unchecked executive power. Two separate courtrooms in which judges, guided by an impartial legal framework, eschewed that popularist

Troubled DeFi stablecoin exchange mStable has been searching for a buyer after its founder announced he would leave at the end of March.

Silicon Valley Bank was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. The startup-focused bank counted a

The unemployment rate fell/rose/held steady to 3.X% ….

The latest price moves in bitcoin (BTC) and crypto markets in context for March 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto

ARK now owns 9.9 million COIN shares, worth $575 million which is around 3.8% of Coinbase’s market cap