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Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report

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Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees.

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Coin Market

Trump appoints former college football player Bo Hines to head crypto council

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Bo Hines will work under Donald Trump’s crypto and AI czar, David Sacks, on the incoming presiden’ts crypto council in a bid to “foster innovation and growth” for digital assets.

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Securitize proposes BlackRock BUIDL fund as collateral for Frax USD

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According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.

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SUI, BGB, ENA and VIRTUAL show strength as Bitcoin looks for direction

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Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

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