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.
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
The community said the tweet was Warren's latest attempt to demonize the crypto industry and called it "tone deaf" amid the banking crisis involving Silicon Valley Bank (SVB).
SVB's collapse marks one of the largest bank failures in U.S. history.
The appeal comes shortly after Voyager received permission to sell its assets.
The service closure should not affect the company's retail users.
FTX intends to sell its stake in venture capital firm Sequoia Capital for $45 million to Al Nawwar Investments RSC Limited.
The total crypto market cap sinks below $1 trillion as the Silvergate crisis deepens and Fed hawkishness takes hold.