USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.
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The global crypto market cap is $931.59 billion with a 24-hour volume of $93.35 billion. The price of Bitcoin is $20,250.25 and BTC market dominance is 42.0%. The price of Ethereum is $1,442.35 and ETH market dominance is 18.9%. The best performing cryptoasset sector is Manufacturing, which gained 13%.
Latest News
USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.
Op-ed: The pound’s decline paves the way for Bitcoin adoption in the UK
The UK government turns to crypto in bid to restore former economic glory in the digital age.
Crypto Twitter labels Senator Warren ‘tone deaf’ on crypto audits amid SVB meltdown
The community said the tweet was Warren's latest attempt to demonize the crypto industry and called it "tone deaf" amid the banking crisis involving Silicon Valley Bank (SVB).
MacroSlate Weekly: SVB shut down, Powell has to decide between a new financial crisis or raising inflation target
Banks halted on exchanges, bank runs, BTC drops below $20k and an indecisive market for 25 or 50bps rise
SEC Wells Notice, what is it and why more may be coming
On Feb. 3. Paxos received a Wells Notice from the SEC indicating that they were under investigation.
SEC denies VanEck Bitcoin spot ETF for a third time; commissioners dissent
Commissioner Hester Peirce says the SEC's rules are "uniquely burdensome."
Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure
SVB's collapse marks one of the largest bank failures in U.S. history.
U.S. government appeals Voyager-Binance.US deal
The appeal comes shortly after Voyager received permission to sell its assets.
Crypto lawyer rallies Ethereum investors in class action lawsuit against NYAG’s ‘securities’ label
John Deaton opens registration for class action lawsuit, calling for the XRP and ETH communities to put aside past animosities.
Cardano rises 6% against Bitcoin despite broad market sell-off
When Cardano's ADA value is denominated in US Dollar, it has fallen by 2.54% and is trading for $0.31589 as of press time.