💰 DeFiance Capital Completes First Closure of $100M Liquid Token Fund theblock.com

🙅‍♂ Coinbase has disabled Binance USD (BUSD) trading.

📊 Glassnode report:
- Investor reaction to the current #FUD has been somewhat similar to the post-FTX environment, with stablecoins being net transferred to exchanges and receiving #BTC and #ETH instead. On a larger scale, however, the industry has experienced a net capital outflow of approximately $5.9 billion over the past month;
- Tether's dominance in the stablecoin market has been in structural decline since mid-2020. However, with recent regulatory action on BUSD and this week's USDC-related concerns, #USDT's dominance is back above 57.8%;
- the outflow of #BTC and #ETH from exchanges indicates the degree of investor confidence, which is worth noting;
- #ETH markets have recently been more actively used to express speculative interest, which increases volatility.

🇺🇦 Binance will prohibit the purchase and withdrawal of hryvnia using Settlepay and Advcash from March 21. twitter

🥳 CME Group launched #BTC futures contracts. the block

📊 Kaiko report:
- US exchanges continue to suffer the most liquidity due to the banking shutdown: Gemini's liquidity fell 74% in March, Coinbase fell 50% and Binance US saw a 29% drop. Meanwhile, liquidity on Binance declined by only 13% this month;
- the liquidity of the cryptocurrency market in March decreased by 52%, and last night increased by more than $ 125 million, or 30%

💸 #AAVE #COMP Kaiko: On March 11, Aave and Compound received payouts of more than #2 billion, mostly in #USDC, as borrowers were able to repay their loans at a discount due to the depegging.
In total, $400 million was withdrawn from Compound, and $13.1 billion from Aave, of which $11.9 billion came from #ETH.

🤝 #FIO SecuX Wallet partners with FIO protocol to improve user experience
medium.com

💰 Merit Circle has invested $750,000 in Walker World. medium

🍿🗽 Former Assistant Secretary of the Treasury Paul Craig: Banking system USA is not safe despite statement Biden. The Fed will have to cut high rates, because it leads to widespread collapse. The fallback for the Fed is to print tons of $$$ to bail out the banks, which will undermine the value of the dollar (DXY). Banks will have to sell assets on the balance sheet, which will lead to further depreciation of securities. #QE

🗣 Kyle Davis, co-founder of Three Arrows Capital, said he currently has no pending lawsuits or regulatory action against him. coindesk

🏦⚖ Silicon Valley Bank $SIVB sued shareholders for fraud.

👀 #YFI Yearn Finance declaredwho were indirectly affected by the Euler exploit and suffered $1.38 million

🏦🗣 Signature Bank board member said regulators shut down the bank to send a "strong anti-crypto message."

🕹🗣 #USDC Circle urges Congress to urgently pass stablecoin legislation amid SVB crisis. yahoo

🇬🇧🙅‍♂ Binance will suspend GBP deposits and withdrawals for new users on March 13 and for all users on May 22. coindesk

🥳🗽 Nomura predicts 25 bps Fed rate cut and QT suspension in March

🏦 BlockTower Capital used the now closed Signature Bank, Silvergate Bank as custodians of the assets. The total value of assets amounted to about $940 million. coindesk

📊 Santiment: Social Volume $BTC hit a 3-month high and indeed happened before this pampas. Also, 21,524 BTC returned to exchanges, the largest amount since September 13, 2023. Traders take profitwhile they can.

🇺🇸 US close: S&P500: -0.15% Nasdaq: +0.40% Dow: -0.30%

👀 #STH Stargate Foundation advises DAO not to reissue STG tokens, otherwise FTX liquidator may demand compensation twitter

Alameda previously acquired 10% of the total supply of STG tokens from the Stargate community sale in March 2022 and promised to lock them up until March 2025