🥳🇺🇸 The Fed and the Treasury prepare emergency measures to support banks and ensure they can meet potential withdrawal needs of their customers as the US seeks to avert a deeper crisis after the SVB (#SIVB) bankruptcy

The Fed plans to make it easier for banks to access its discount window, giving firms the ability to turn depreciated assets into cash without the kind of losses that caused SVB Silicon Valley Bank to fall. The Fed and Treasury are also preparing a deposit support program using the Fed's emergency lending authority.

🏦🇺🇸 Signature Bank closed today by state authorities: BBG

🥳🇺🇸 The US says all Silicon Valley Bank #SIVB depositors will have access to their money on Monday.

🔥🥳 Fed announceswhich will provide additional financing to banks

🥳 Fed: ready to address any liquidity issues that may arise: BBG

💃 Market in the moment

⚠️ You are in the moment

🥳 #USDC Circle CEO: moving remaining SVB money to BNY Mellon and recruiting new banking partner twitter

🍿👀 Signature Bank was transferred to the management of the US FDIC, all depositors will be compensated coindesk

👀 Coinbase: $240 million cash in Signature

👀 Paxos: $250 million in deposits at Signature Bank, deposit insurance in place
twitter #in focus

🥳😎 #USDT Tether CTO: Tether not associated with Signature Bank twitter

🍿👀 Crypto com CEO: The company is not affiliated with Signature and is resuming all services with #USDC twitter

🇺🇸 Biden on banks

👀 #USDC Circle issued 407.8 million USDC. This is the largest coinage in the last 7 days

🥳👀 #USDC Cross River Bank is Circle's new banking partner

📈👀 #BNB Report: Binance Spot Trading Volume Hits $540B In February, Market Share Hits New High data.cryptocompare.com

🥳 Grayscale BTC and ETH Trust Funds Negative Premium Has Decreased, GBTC Negative Premium is 38.19% and ETHE is 49.24% oklink

🍿👀 #TUSD #TRU TrueUSD: Some of our USD fiat funds were held in Signature Bank twitter

👀 Cryptocurrency firm BCB Group Suspends US Dollar Payments Pilot Program Due to Signature Bank Shutdown the block

👀 Bitstamp: Signature Bank bankruptcy does not affect operations twitter

👀 Kraken: no significant impact on stablecoin exchange rates, USD funds are not affected twitter

🍿👀 tZERO: Signature has no business impact, FDIC has transferred all Signature Bank deposits to Signature Bridge Bank, NA, a full-service bank to be managed by the FDIC. #in focus
twitter

🍿👀 Coinbase: All client funds remain safe and available, including #USDC conversion, which will resume on Monday. All customer funds in banks are still protected by FDIC pass-through insurance ($240 million in Signature)

🏦👀 First Republic Bank (#FRC) said it has further strengthened and diversified its financial position through access to additional liquidity from the Fed #in focus
businesswire

🖼👀 Yuga Labs: we will continue to send TwelveFold to non-empty addresses of auction winners at our own risk #NFT twitter

🇭🇰👀 Hong Kong Monetary Authority will hold two international conferences on financial regulation at the end of March, on topics such as cryptocurrencies.