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USD Coin is going to survive Silicon Valley Bank’s collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks.
On March 8, Euler had over $311 million in crypto locked inside its smart contracts. Its total value locked has since fallen to $10.37 million.
The company disclosed that it has approximately $142 million in cash deposits at Signature Bridge Bank, which was set up by the FDIC after the shutdown...
The short-lived NFT features were first launched in May 2022, but Meta’s financial technology lead said it’s “winding down” the tools to focus elsewhere.
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi,” said...
Bitcoin futures on CME have traded 550,000 contracts since inception.
Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally.
Dozens of regional banks saw share price swings that triggered trading halts as banks of all sizes feel the impact of last week’s bank failures.
Elizabeth Warren and Sherrod Brown didn’t miss a chance to attack the crypto industry after bank failures.
On March 12, Bitcoin futures traded 5.5% below regular spot exchanges, causing volatility in derivatives markets.
