Presidential hopefuls RFK Jr. and Ron DeSantis rail against FedNow
The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy.
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First Republic’s crisis is not an isolated incident: JPMorgan exec
The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.”
Bank of London bids to acquire Silicon Valley Bank’s UK arm
The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB’s British arm.
CFTC allegations and $1 billion lawsuit for Binance: Law Decoded, March 27–April 3
Five days after the CFTC move, a new $1 billion lawsuit was filed against the crypto exchange by the law firm representing three American investors.
Student interest in ChatGPT skills on Udemy increased by 4,419% since 2022: Report
The latest topic consumption report from Udemy shows an increase in interest in ChatGPT as well as skills related to cloud computing and blockchain.
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.
Nifty News: Trump drops more NFTs ahead of presidential run, Meta opens to teens and more
Trump’s first NFT collection has seen its value plummet by more than 60% following the latest launch which comes ahead of his 2024 presidential bid.
Orca DEX to block US users from trading with its interface
The company said U.S. traders would still be able to make swaps by directly interacting with Orca’s smart contracts, however.
ETH hits 7-month high ahead of Shanghai and Capella upgrades
Ether has broken the $1,900 resistance level for the first time in months and is currently sitting above $1,911.
Congress announces March 29 hearing into failures of SVB and Signature Bank
According to the House Financial Services Committee, it expects to hold multiple hearings on “getting to the bottom” of the banks’ failures.