AI
Analysis
CNBC host Jim Cramer claims Bitcoin is being “manipulated up”
The Mad Money host made the comment in response to whether recent distresses to traditional banks offer an investment case for Bitcoin.
Crime
Justice Department investigating collapse of Do Kwon’s TerraUSD stablecoin: WSJ
Former members of Terraform Labs Pte. Ltd. have been questioned by the FBI and the Southern District of New York.
Analysis
Coinbase CEO discusses new staking service and reactions to regulatory hurdles
"The financial system needs to be updated. It's slow, it's archaic," Armstrong told Bankless.
Exchanges
Decentralized exchange Uniswap hits record single-day volume
The decentralized exchange Uniswap announced on March 11 it had hit its highest daily volume ever totaling $11.84 billion.
Bankruptcy
Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging
Binance CEO hints at possible bank acquisitions amid crypto-friendly banks facing severe distress and failures.
Bankruptcy
Elon Musk says he is ‘open to the idea’ of Twitter buying SVB to become a digital bank
The embattled Tesla and Twitter CEO made the comments in response to a Tweet suggesting he should take over the distressed bank.
Analysis
Is the crypto industry in danger? VC Nic Carter says Operation Choke Point 2.0 is well underway
As crypto banks like Silvergate face increasing pressure, is it regulators themselves putting pressure on banks to putatively ignore crypto?
Stablecoins
USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.
Regulation
SEC Wells Notice, what is it and why more may be coming
On Feb. 3. Paxos received a Wells Notice from the SEC indicating that they were under investigation.
Analysis
ETH enters $1.3K price range; declines 10% in the last 24 hours
Aside the macro downturn facing BTC, Ethereum is also facing increased scrutiny by the SEC since switching to proof-of-stake.
Investments
Cathie Wood remains bullish on Bitcoin, other cryptocurrencies
The Ark Invest CEO talks about the current challenges facing the macro environment at Lyceum Miami 2023.
Exchanges
Huobi token saw a 90% flash crash, recovery; community blames high sales, market downturn
The decline led to over $200,000,000 of market cap gone from HT within an hour, only to recover by over 1000% minutes after.