USDC Issuer Circle Says It 'Awaits Clarity' From FDIC on Silicon Valley Bank Collapse
The stablecoin issuer declined to state how much cash is tied up at the collapsed financial institution.
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Mar 11, 2023 at 12:05 a.m. UTC
Mar 11, 2023
Silicon Valley Bank
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Who Failed Silicon Valley Bank Depositors?
Should we point fingers at Silicon Valley Bank, the Federal Reserve, the banking system, crypto or the depositors themselves?
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Mar 10, 2023 at 11:06 p.m. UTC
Mar 10, 2023
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Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian
A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.
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Mar 10, 2023 at 10:59 p.m. UTC
Mar 10, 2023
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DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC
The collapse of Silicon Valley Bank is causing turmoil in crypto stablecoin markets.
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Mar 10, 2023 at 10:51 p.m. UTC
Mar 10, 2023
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How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
A deep dive into regulatory filings shows how Silvergate Bank's collapse was, in a strange way, the ideal scenario for a failing institution. Sure, shareholders got wiped out,...
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Mar 10, 2023 at 10:08 p.m. UTC
Mar 10, 2023
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Silicon Valley Bank Rocks Crypto and Equity Markets Following February Jobs Report
Bitcoin (BTC) breached below the $20,000 level as crypto investors digest the recent latest developments of Silvergate Bank winding down operations and Silicon Valley Bank bei...
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Mar 10, 2023 at 8:49 p.m. UTC
Mar 10, 2023
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Bitcoin Poised for Biggest Weekly Drop Since Early November
Average funding rate for perpetual futures contracts in bitcoin remains positive, but the largest token by market capitalization is on track for its biggest weekly drop since...
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Mar 10, 2023 at 8:47 p.m. UTC
Mar 10, 2023
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Why Silicon Valley Bank's Collapse Matters for the Crypto Industry
Silicon Valley Bank (SVB) was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days after S...
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Mar 10, 2023 at 8:45 p.m. UTC
Mar 10, 2023
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Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.
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Mar 10, 2023 at 7:50 p.m. UTC
Mar 10, 2023
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Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.
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Mar 10, 2023 at 7:35 p.m. UTC
Mar 10, 2023