
ARK Invest’s Cathie Wood ‘not surprised’ at crypto market rebound
The CEO of ARK Invest said it was no surprise that decentralized, transparent, and auditable crypto market appreciated as U.S. regional bank stock imploded.
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The CEO of ARK Invest said it was no surprise that decentralized, transparent, and auditable crypto market appreciated as U.S. regional bank stock imploded.

Chairman Jerome Powell was one leader who commented on the Fed's failures.

"The financial system needs to be updated. It's slow, it's archaic," Armstrong told Bankless.

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 decentralized exchange Uniswap announced on March 11 it had hit its highest daily volume ever totaling $11.84 billion.

The FDIC closed Signature Bank on Sunday and now controls its $110 billion in assets and over $82 billion in deposits.

The embattled Tesla and Twitter CEO made the comments in response to a Tweet suggesting he should take over the distressed bank.




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