Regulators also assured that, “the U.S. banking system remains resilient and on a solid foundation,” in part due to actions taken this weekend.
The post State regulator takes control of Signature Bank, federal regulators guarantee deposits appeared first on The Block.
A government bailout of Silicon Valley Bank is not in the plans, Treasury Secretary Janet Yellen said in an interview Sunday.
The post Yellen says no government bailout while FDIC auctions SVB assets. Final bids due end of Sunday. appeared first on The Block.
Selling in batches, the address realized losses between 9% and 33% on Blur — with 200 Moonbirds sold for a loss greater than 32%.
The post Moonbirds whale sells almost 500 NFTs on Blur for significant losses appeared first on The Block.
SVB is the largest U.S. bank to fail in over a decade.
The post Regulators rush to sell SVB assets to make uninsured accounts partly available on Monday: Bloomberg appeared first on The Block.
The USDC issuer said its operations will resume as usual on Monday and that the stablecoin will remain redeemable one-for-one with the U.S. dollar after Silicon Valley Bank collapsed.
The post USDC will remain redeemable 1 for 1 with U.S. dollar, Circle says appeared first on The Block.
Billionaire investor Bill Ackman believes U.S. banking regulators ‘screwed up.’
The post Ackman: SVB implosion ‘a-soon-to-be-irreversible mistake’ unless government intervenes appeared first on The Block.
Circle issued a note to trading firms confirming outstanding transactions will not be processed until Monday.
The post Circle says outstanding USDC transactions won’t process until Monday appeared first on The Block.
MakerDAO issued an emergency proposal to limit exposure to USDC tail risk after the stablecoin depegged overnight.
The post MakerDAO launches emergency proposal to limit USDC exposure appeared first on The Block.
Silvergate closed its doors, the USDC stablecoin depegged and Grayscale was left “encouraged” after its day in court against the SEC.
The post Silvergate, Grayscale and USDC depeg: Three big stories this past week appeared first on The Block.
Cathie Wood’s Ark Invest picked up another tranche of Coinbase shares on Friday, purchasing about $6.4 million of the stock.
The post Ark picks up more Coinbase stock, adding $6.4 million appeared first on The Block.
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