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.
Dorian Batycka 2 min read Banking News
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Coverage footprint 2.7%
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Dorian Batycka 2 min read 
Stablecoins
Op-ed: Why the USDC depeg is not a reason to panic
We delve into the stability of USDC and analyze crucial factors and risks associated with it.
Stablecoins
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
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.
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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.
Banking
Xapo bank integrates Bitcoin Lightning Network amid turmoil in crypto banking sector
Xapo became the first licensed bank to integrate with the Lightning Network as Silvergate shuts down and Signature struggles.
Bankruptcy
Silvergate Bank will halt operations and undergo liquidiation
The company did not say whether it plans to submit a bankruptcy filing.
Bankruptcy
Failing bank Silvergate and FDIC are discussing recovery plans
Silvergate could seek investments from others in the crypto industry.
Bankruptcy
White House ‘aware of’ stressed crypto friendly bank Silvergate, says press secretary Karine Jean-Pierre
The comments come as Silvergate suspends crypto payments and shares fall in after hours and weekend trading another -6.4%.
Exchanges
Kraken eyes own bank amid regulatory scrutiny
Two major crypto-friendly banks — Silvergate and Signature — have come under increased scrutiny from regulators following FTX's recent collapse.
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Banking
Signature bank now servicing multiple crypto companies in the wake of Silvergate distress
Banking
Gemini, Crypto.com, Bitstamp, MicroStrategy distance themselves from Silvergate
Banking
Silvergate shares tank 46% after Coinbase severed payment partnership
Banking