Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Chairman Jerome Powell was one leader who commented on the Fed's failures.
Mike Dalton 2 min read 
Paxos and Celsius also lost money in the shut down, however, the companies expect the recover the lost funds soon with the help of the FDIC.
Circle said that the $3.3 billion of USDC reserve deposits held at Silicon Valley Bank will be fully available on Monday.
Crypto market cap surges after Fed introduces emergency measures, with expectations of triggering the bull market.
The FDIC closed Signature Bank on Sunday and now controls its $110 billion in assets and over $82 billion in deposits.
Binance CEO hints at possible bank acquisitions amid crypto-friendly banks facing severe distress and failures.
We delve into the stability of USDC and analyze crucial factors and risks associated with it.
As of press time, almost all of the big stablecoins are struggling with maintaining their peg except for Tether's USDT, which is trading slightly above its peg at $1.01.
Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.
