Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Meanwhile, Circle's USDC stablecoin maintains $1 peg despite recent banking contagion and widespread fear in the banking sector.
Dorian Batycka 2 min read 
During Mar. 11-12, Defi's transaction volume exceeded $58B, while Mar. 11 recorded least active NFT traders since November 2021.
Tom Emmer said the Federal Reserve's instant payments settlement system FedNow suggests that it is competing with private entities.
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.
The FDIC has handed over auction of the bank to Piper Sandler, who will conduct a second auction on March 17.
The service has been said to address the same issues as a potential CBDC — set to launch the FedNow payment system in July.
Rep. Tom Emmer questions FDIC's role in recent closures of crypto-focused banks, raising concerns over potential purging of legal crypto activity in the US.
The federally charted bank is cutting staff due to regulatory uncertainties, according to a Bloomberg report.
Two U.S. regulators have begun an early investigation into the failed Silicon Valley Bank, according to the WSJ.
