👀 The FDIC says it will pay uninsured depositors at Silicon Valley Bank (#SIVB) a percentage of their deposits as an "upfront dividend."

👀 IOSG Ventures comments: Never made any #USDC exchanges in the last 7 days and we are not exposed to either SVB or Silvergate.

📊 #USDC Santiment: After USDC fell to $0.88 after the collapse of Silicon Valley Bank, whales, traders and hodlers have been looking for safe haven. In the last 28 hours USDC market capitalization -8.1%, DAI +6.8% and USDT +1.2%.

🥳 #TRU #TUSD Over the past 24 hours, Binance has minted 657 million TUSD on the Tron network (#TRX)

🏦👀 Silicon Valley Bank is the largest bank that failed after the 2008 financial crisis. The main reason for the collapse of SVB (#SIVB) was their choosing to invest their clients' deposits in treasury bondsheavily affected by changes in interest rates - Andrew Lockenaut

📊👀 CQ: #BTC funding rates hit a 4-month low and #ETH hit a 6-month low

🕹🇺🇸 US Treasury Secretary Yellen: Regulators are developing policy to address SVB incident #SIVB #regulation

🏦👀 UK government wants to use Middle East funds to buy SVB subsidiary #SIVB
ft

⛏📈 Bitcoin mining difficulty increased by 1.16% to 43.55T, a record

🙋‍♂️ #UNI #AVAX Started vote on a proposal to deploy Uniswap V3 to Avalanche ending March 17, 2023.

📊👀 #USDC Now on Binance 5.16 billion USDC, while Cryptocom, OKX, Coinbase and Kraken are in second to fifth place with 785 million, 420 million, 250 million and 235 million USDC. When banks resume operations on Monday, exchanges, especially Binance, could face huge demand for withdrawals.

🇨🇳🏦 According to 36kr, nearly all Chinese tech startups that received US dollar investments prior to Round B first open an account with Silicon Valley Bank (#SVIB). There could be hundreds of startups in China with millions and hundreds of thousands of dollars locked in SVB.

🏦🍿 FDIC Starts Auction Process for Silicon Valley Bank (#SIVB) bbg

FT: According to Cherokee Acquisition, uninsured SVB deposits were quoted at 55 to 65 cents per $. Other deposits were offered at prices ranging from 70 to 75 cents per $.

🏦🙅‍♂ Yellen stated that Silicon Valley Bank will not receive government assistance: "We want to make sure that the problems that exist in one bank do not infect others that are healthy"

🥳🇺🇸 According to the FDIC, US banks have over $620 billion in unrealized losses.

🥳 Tops in the moment

🥳🇺🇸 US officials are considering bailing out all SVB bank (#SIVB) deposits, WAPO reports.

📈#ADA Coin Market Cap: Cardano-backed #DJED trading volume is up ~268% in the last 2 days, and the stable continues to trade at a premium, outperforming other stablecoins (even #USDT)

🏦🇺🇸 Fed and FDIC discuss support measures to keep SVB savers safe and allay contagion fears: Source
#in focus cnbc

🔛 External Ramp Network solution now integrated in the browser's Brave Wallet, allowing users to exchange crypto assets for fiat currencies, bypassing a centralized third party.