👀 Circle holds undisclosed USDC cash reserves in Silicon Valley Bank. coindesk.com
🤖 CryptoAttack 🇬🇧
🙈 #USDC is out of favor these days https://t.iss.one/pro_demo/1952
🥳🍿 #USDC #CRV $500 million DeFi Protocol Curve stablecoin pool collapses as traders flee USDC due to collapse of the SVB
#DeFi coindesk
#DeFi coindesk
👀 Circle: Silicon Valley Bank is one of its 6 cash reserve banks and USDC continues to operate as normal. twitter.com
👀 The Bank of England plans to apply to involve the UK branch of Silicon Valley Bank in the insolvency case bankofengland.co.uk
👀 US Securities and Exchange Commission Rejects VanEck's Application to Set Up Bitcoin Spot Trust cointelegraph.com
👀 Yuga Labs, Azuki and other NFT projects own a small stake in Silicon Valley Bank and operations are unaffected
👀 After Circle revealed that some of its cash reserves are being held in a Silicon Valley bank, USDC briefly lost its peg and has now dropped to the $0.98 range.
👀 Due to the need to manage risk, Binance has suspended the automatic conversion of USDC to BUSD. twitter.com
👀 Bybit CEO: Bybit and its clients funds are not affiliated with Silvergate or Silicon Valley Bank twitter.com
👀 Coinbase Updates Terms of Service for Staking: Staking must be canceled before selling or transferring assets
👀 dYdX: USDC will not be assumed to be equivalent to USD and traders will not be liquidated due to USDC-USD price action. twitter.com
👀 Wall Street Journal: Meta plans further staff cuts, the size will be about the same as last year wsj.com
👀 Hedera updated the main network and fixed the vulnerability, and the main network resumed operation twitter.com
👀 Circle: still holds $3.3 billion in reserves at a Silicon Valley bank twitter.com
👀 FDIC: Silicon Valley Bank deposits transferred to new DINB entity, banking activity to resume no later than March 13 fdic.gov