Banks down? That is why Bitcoin was created, crypto community says
The Silicon Valley Bank collapse on March 10 has sparked fear, uncertainty and doubt across the crypto community.
May 2023
Read More
Crypto whales suffer huge losses due to USDC depeg, SVB collapse
The depegging of the USDC stablecoin has affected other stablecoins, wreaking havoc on crypto projects and stakeholders in a massive chain reaction.
How to host a decentralized website
Explore decentralized web hosting and how it distributes data securely across a network of nodes.
Failed tech bank SVB held over $5B for prominent crypto VCs: Report
It is unclear how much assets custodied on behalf of crypto VCs are stuck in Silicon Valley Bank.
Curve Finance trading volume reaches $7B historic high after USDC depeg
The USD Coin depeg led the DeFi protocol to experience a record-breaking daily trading volume as crypto whales fight for assets.
ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.”
USDC slowly repegs on unconfirmed reports of SVB resolution
According to insiders, 50% of uninsured deposits will be paid out by next week.
Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs
The trading freeze follows an analysis from DeFi’s risk manager firm Gauntlet Network considering different scenarios for the USD Coin price.
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,” enabling USDC redemption at 1:1 with the U.S. dollar.
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January.