Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors
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Read MoreRipple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO
Ripple, best known for its connection to XRP, kept some capital at the failed Silicon Valley Bank.
Read MoreUSDC Volatility Lifts Bitcoin’s Coinbase Premium to 3-Year High
Coinbase premium is usually taken to represent stronger buying pressure from stateside investors. But that’s not the case this time.
Read MoreYellen Says No to SVB Bailout, but Says Government Is Working to Help Depositors
Yellen sought to ease concerns that the bank’s collapse could lead to a domino effect.
Read MoreCircle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
The company plans to use corporate resources to fill the gap, including external capital.
Read MoreBitcoin 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.
Read MoreDAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto
MakerDAO’s decentralized stablecoin hits an all-time low of 0.88 cents.
Read MoreTraders 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.
Read MoreU.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank’s collapse.
Read MoreUSDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses
USDC’s normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
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