Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank’s Shutdown
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank.
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USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
In its first statement following the collapse of Silicon Valley Bank, Circle declined to state how much cash it has tied up at the bank.
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
USDC dropped to $0.973, its lowest level since the collapse of FTX.
Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian
A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.
DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC
Curve’s 3pool is supposed to have equal parts USDC, DAI and USDT. The trio are becoming imbalanced amid fallout from Silicon Valley Bank’s collapse.
Facebook Parent Company Meta Exploring Decentralized App: Report
The app, codenamed P92, will be a standalone product for sharing text updates
Ether Hits Two-Month Low Under $1.4K as Coinbase Premium Index Dwindles
The decline comes as New York Attorney General referred to ETH as security in its lawsuit against the cryptocurrency exchange KuCoin.
U.S. DOJ Appeals New York Judge’s Decision to Approve Voyager’s Sale to Binance.US
The appeal comes just one day after Judge Michael Wiles gave Voyager Digital the go-ahead to sell its assets to Binance.US.
Justin Sun Completes $100 Million USDC Transfer to Create Huobi Liquidity Fund
Sun’s USDT is moving after Huobi’s HT Token Dropped 93% and then rebounded.
First Mover Asia: Bitcoin Plunges to Mid-January Levels
ALSO: CoinDesk analyst Glenn Williams writes that despite the crypto market’s recent problems, bullish sentiment seems to be prevailing among holders of futures contracts.