🥳 #USDC North Rock Digital hedge fund CEO Hal Press said they continue to buy more #USDC at $0.88, previously bought at $0.935; he believes that USDC will eventually return the peg in full, in the worst case, 70% of the cash received from the sale of USDC assets will still be worth 93 cents.

Circle holds 77% of its reserves in 1-4 month Treasury bills. These treasury bills are held at BNY Mellon and managed by Blackrock. This provides an absolute low on USDC of 0.77.

📊👀 #USDC For recent 24 hours:
- Coinbase contributed 1.97 billion #USDC to Circle
- Unknown institution "0x3356" deposited 222M #USDC in Circle
- Jump Trading contributed 164M $USDC to #Circle
- FalconX contributed 138.5M #USDC to Circle

🥳👀 Several top venture capitalists jointly stated: In case SVB will be acquired and appropriately capitalized, we will provide strong support and
we will call on our portfolio companies to resume banking relations with them. #in focus

🎰👀 An address marked by Vitalik Buterin deposited 500 #ETH into Reflexer to mint 150,000 #RAI and exchanged 132.5k #RAI for 378.5k #USDC. In addition, he exchanged 17.5k #RAI for 50k #DAI US in the last 3 hours.

👀 CZ (binance) Multiple support stablecoins Always. That's not all.

👀 #MKR #DAI MakerDAO: Current Collateral Ratio 154%, PSM Reserve $3.15B twitter

⚠️ dForce: To mitigate potential collateral risks, we have temporarily suspended minting #USX from LSR. #USX deposits to dForce Lending will also be suspended until further notice.
twitter.com

🍿👀 #COMP Due to #USDC Compound v2 volatility, Pause Guardian has temporarily disabled USDC supply transactions in Compound v2. Users can still borrow, redeem and withdraw USDC normally. Compound v3 has an updated risk management engine and runs smoothly. #in focus

🙈 #WBTC WBTC/BTC on Binance at the moment spilled to 0.2

🥳📉 #GUSD (Gemini) could not stand aside and supported flash mob

🎰🥳 #USDC BitMEX launched USDTUSDC perpetual swap, traders can use Bitcoin (XBT) to pay margin, and the maximum leverage is 10x.

🙋‍♂️👀 #MKR #DAI MakerDAO has issued an emergency offer to change the parameters associated with assets such as #USDC to reduce the risk of the protocol forum.makerdao

🍿👀 The Federal Reserve will hold an emergency private meeting of the Fed's Board of Governors Monday (March 13)
#macro

💃 On Friday, Ark Invest added another 119,429 Coinbase shares. The purchase, worth about $6.4 million, boosted Ark's investment in Coinbase to nearly $30 million last week.
theblock.com

👀 Bank of London is considering acquiring a subsidiary of SVB UK.
#in focus

Since 2022, the Fed has been pumping out cash reserves from small banks faster than from large banks.

Small banks have already returned to the cash levels they achieved during the repo surge in 2019, but the big banks have not yet.
#in focus

🥳 The Chief Executive Officer of Silicon Valley Bank $SIVB was the Chief Financial Officer of Lehman Brother prior to joining the bank.

🚀 Today's leaderboards

🤝 #BIFI #STG Beefy plans implement Stargate technologies

🙋‍♂️ #AAVE BGD Labs announced that "Aave Guardian froze USDC, USDT, DAI, FRAX and MAI on Aave v3 Avalanche and also set their LTV to 0."

🕵️‍♂️ #USDC Lookonchain: How will funds react to the USDC rush? Here are the operations of the funds.