Breaking Crypto News

2023-03-12 05:40:39 2,600 #BTC ($53,224,052) transfered from #Binance​ Open / Comment

2023-03-12 05:31:36 3,500 #BTC ($71,692,824) transfered from #Kraken​ Open / Comment

2023-03-12 05:26:02 Discussion: Will USDC Crashed? Who Will be the White Knight / Substack
Summary: WuBlockchain On March 11, Circle disclosed that 3.3 billion USDC reserves were locked in Silicon Valley Bank, which declared bankruptcy. Coinbase urgently closed the fiat exchange channel and promised to open it when the banks opened on Monday. Whether USDC will be crashed or not, there are currently many discussions. Open / Comment

2023-03-12 03:08:30 USDC will remain redeemable 1 for 1 with U.S. dollar, Circle says / The Block
The USDC issuer said its operations will resume as usual on Monday and that the stablecoin will remain redeemable one-for-one with the U.S. dollar after Silicon Valley Bank collapsed. ​ Open / Comment

2023-03-11 23:47:35 2,127 #BTC ($43,730,452) transfered from #Kucoin​ Open / Comment

2023-03-11 23:36:59 An Update on USDC and Silicon Valley Bank / Circle
In a time of heightened uncertainty for the USDC economy, we remain committed to clear and transparent communication. As a regulated payment token, USDC will remain redeemable 1 for 1 with the U.S. Dollar. Open / Comment

2023-03-11 22:16:32 Silicon Valley Bank CEO Sold $3.6 Million In Shares Days Before Fatal Loss Disclosed / The Wall Street Journal
A trust owned by Silicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million worth of shares in his bank last week, days before the bank disclosed a $1.8 billion loss that [triggered a fatal run on the bank](https://www.wsj.com/articles/svb-financial-pulls-capital-raise-explores-altern​ Open / Comment

2023-03-11 20:42:15 Circle says outstanding USDC transactions won’t process until Monday / The Block
Circle issued a note to trading firms confirming outstanding transactions will not be processed until Monday. Open / Comment

2023-03-11 19:27:47 MakerDAO launches emergency proposal to limit USDC exposure / The Block
MakerDAO issued an emergency proposal to limit exposure to USDC tail risk after the stablecoin depegged overnight. Open / Comment

2023-03-11 18:07:50 Opinion: USDC's fate may depend on whether Silicon Valley Bank can be acquired / Substack
Author: @​wildPiPiLu Editor: Colin Wu At 7:42 pm (Beijing time), USDC/USDT declined around -9.58% in one day. It is still difficult to judge that this is the endpoint of decline, but from a technical perspective, a bullish candlestick at 4 pm boosted market sentiments and suggested that more and more people are forming a consensus — after the market access to the news of 3.3 billion losses, USDC did not fall into a death spiral like UST. Open / Comment