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MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging

The community proposal comes just days after DAI followed its fellow stablecoin USDC in slipping beneath the one-dollar mark.

The Banking Crisis Is Not Crypto’s Fault

Crypto might have a banking problem, but banks don’t have a crypto problem.

Crypto Fund Outflows Hit Record Weekly Level

The outflows rose for a fifth consecutive week and come amid rising uncertainty about the future of digital assets.

Binance GBP Funding On/Off-Ramp to be Suspended in May

The change will affect less than 1% of Binance customers, the exchange says.

Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.

Is This a Crypto Banking Bailout?

As the wreckage that started inside crypto banking threatens financial institutions beyond the sector’s border, the federal government is eager to make it clear that it’s not going to let

BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank

Four funds with about $940 million in gross asset value had exposure to the custodians, as of May 2022.

Crypto’s Latest Stablecoin, Called HOPE, Started by Ex-Babel Finance CEO Flex Yang

HOPE will serve as the native stablecoin for the new Hope ecosystem, which is focused on bringing traditional finance users to the crypto market.

First Mover Americas: Bitcoin Gains as FDIC Steps In for Silicon Valley Bank

The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto

MicroStrategy and Marathon Digital Lead Tenuous Bounce for Crypto-Related Stocks

The government’s weekend backstop of depositors at failed lenders Silicon Valley Bank and Signature Bank sent bitcoin above $22,000.