Stablecoins
USDC in circulation fell over 10% since de-peg event
Meanwhile, the largest stablecoin by market capitalization USDT has experienced an 8.7% increase in supply.
Dorian Batycka 2 min read
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Bank of America said to be buying Signature Bank, tweets Bill Ackman
Back of America to Signature's rescue? According to the investor and renowned short-seller, BOA seems to be on the table.
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BlackRock CEO Larry Fink says US is lagging behind in crypto developments
Fink added that many market challenges remain for the onboarding of digital assets, but that he remains bullish on emerging economies.
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US Banks borrow record-high $164.8B from Fed backstop facilities
Meanwhile, Circle's USDC stablecoin maintains $1 peg despite recent banking contagion and widespread fear in the banking sector.
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U.S. Banking turmoil halts NFT hype as DeFi thrives
During Mar. 11-12, Defi's transaction volume exceeded $58B, while Mar. 11 recorded least active NFT traders since November 2021.
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Crypto market largely unaffected by ECB decision to hike rate by 50bps
The flagship cryptocurrency saw a slight sell-off in the hour following the ECB rate hike after briefly breaking $25,000 and was trading at $24,752.58, as of press time.
Stablecoins
Circle says substantially all USDC minting, redemption backlogs are resolved after wild week
“Trust, safety, and 1:1 redeemability of all USDC in circulation is of paramount importance to Circle," CEO Jeremey Allaire said.
Exchanges
Crypto exchanges registered in offshore locations are 70% of top 30
The most popular offshore financial centers for crypto exchanges are Seychelles, the Cayman Islands, and the British Virgin Islands.
NFTs
New data reveals unusual NFT flipping trend
Despite a market downturn, sellers on the NFT marketplace BLUR keep flipping at increased rates — despite losses surmounting.
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Reuters report that any bank bidding for Signature “must give up all crypto business”
Crime
Former FTX CEO Sam Bankman-Fried seeks insurance coverage for legal expenses
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Capital outflows, stablecoin drama and realized loses – new Glassnode data on a crazy week in crypto
Stablecoins
