Love Hate Inu Presale Hits $250k in 2 Days, Only 7 Days and $700k to Raise Before Stage 1 Ends
New memecoin project Love Hate Inu has raised upwards of $250k in the presale event in just two days. The presale price during the current Go to Source
Silicon Valley Bank failure could trigger run on U.S. regional banks
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses. Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions…
Silicon Valley Bank’s UK branch shut down by Bank of England
Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a “pivotal” role in supporting startups. The Bank of England (BoE)…
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency. Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding…
Circle May Be Able To Recover All $3.3 Billion Stuck At Silicon Valley Bank
Circle CEO Jeremy Allaire has stated that USDC will be supported through external capital if necessary. The Circle executive revealed that the company had initiated a transaction to transfer $3.3…
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. Top Stories This Week Silicon Valley Bank shut down by…
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. USD…
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. According to a report that began circulating on March 11 in the…
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank fund
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured; however, the fund doesn’t appear to be managed by Silicon Valley Bank. According to a new bankruptcy…
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place…
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was…
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the…
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment…
Signature Bank Stock In Freefall After Silvergate Collapse
On Thursday, the stock price of Signature Bank experienced a decline after Silvergate, another prominent bank for crypto firms, announced its plan to wind down Go to Source
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. Lending protocol Aave has frozen stablecoins trading and set…