USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, Curve
Decentralized exchanges worked exactly as intended as traders rushed to exchange USDC for wrapped ether and other tokens.
Read MoreHSBC Subsidiary to Acquire Silicon Valley Bank’s U.K. Unit for 1 Pound
The bank said the deal is a move to strengthen it’s regional presence.
Read MoreBinance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB, and Other Tokens
Binance tapped into its Industry Recovery Initiative funds to cover the move.
Read MoreIMF Had Warned G-20 That Widespread Crypto Use Would Impact Banks
The International Monetary Fund (IMF) had warned the G-20 nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending, a report made public
Read MoreSmart Money Staying Put as USDC Remains Off-Peg
Data from Nansen shows that the total amount held by smart money wallets, and active addresses, are at multi-month lows.
Read MoreSilicon Valley Bank Crisis a ‘Cyprus Moment’ for Bitcoin: Crypto Observers
The Fed’s aggressive rate hikes and balance sheet reduction have caused a historic bank failure — fashioning a real-time ad for Bitcoin self-custody, observers said.
Read MoreAfter Landmark Crypto Law, European Politicians Contemplate Building Their Own Blockchain
‘Europeum’ could safeguard values like privacy, digital minister Mathieu Michel told CoinDesk, as he seeks to make Belgium a blockchain hub
Read MoreBitcoin, Ether Retrace Weekend Losses As Bears See $183M in Short Liquidations
Markets jumped amid respite from the U.S. government and USD Coin-issuer Circle.
Read MoreTrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
Stablecoin issuer says USD funds held at Signature bank now fully backstopped by Fed
Read MoreFirst Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
Since September 2021, the growth in cash assets in small bank balance sheets has turned negative.
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