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(Craig Hastings/Getty Images, modified by CoinDesk)
Does Crypto Have a Banking Problem?
Signature Bank is pulling back services to Binance and other major crypto firms.
(Craig Hastings/Getty Images, modified by CoinDesk)

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First Mover Americas: Axie Infinity's Token Is Soaring
The latest price moves in crypto markets in context for Jan. 23, 2023.
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CDCROP: Signature Bank CEO Joseph DePaolo (Signature Bank)
Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K
The crypto-friendly bank has been reducing its involvement in digital asset markets in recent weeks, part of the ongoing fallout from recent crypto industry debacles.
CDCROP: Signature Bank CEO Joseph DePaolo (Signature Bank)

CDCROP: Downgrade spiral staricase going down downwards (Unsplash)
Signature Bank Downgraded at Jefferies Due to Shrinking Crypto Business
The cut to "hold" by the formerly bullish analyst comes after the stock has suffered a 67% year-over-year decline.
CDCROP: Downgrade spiral staricase going down downwards (Unsplash)

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Crypto Bank Signature Suffers Another Analyst Downgrade; Shares Fall
Raymond James is the latest Wall Street firm to cut its rating on the stock, following Morgan Stanley’s move earlier this week.
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Wall Street gears up for digital asset securities (Sophie Backes, Unsplash)
Signature Bank to Reduce Crypto-Tied Deposits by as Much as $10 Billion
Nearly a quarter of the Wall Street bank's current deposits come from crypto-related businesses.
Wall Street gears up for digital asset securities (Sophie Backes, Unsplash)

CDCROP: Silvergate Bank HQ (Will Foxley/CoinDesk)
Crypto Bank Silvergate Bucks Market Rally as FTX Exposure Is Questioned
Silvergate shares were down about 7% while other crypto-linked stocks rallied Tuesday.
CDCROP: Silvergate Bank HQ (Will Foxley/CoinDesk)

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Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says
The bank’s spot deposits fell by $1.64 billion, driven by outflows in digital asset banking of $4.27 billion.
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Signature Bank CEO Joseph DePaolo (Signature Bank)
Signature Bank’s Q3 Deposits Grow by $10B to $95.57B
Q3 net income increased to $241.4M from $138.6M during the same period last year.
Signature Bank CEO Joseph DePaolo (Signature Bank)

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Another US Bank Joins the Small List Willing to Serve Crypto Companies
Customers Bank is working with blockchain payments provider Tassat to offer real-time tokenized dollar transfers in addition to accounts for crypto firms.
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