decrypt.co

• Binance Swaps BUSD Stablecoin From ‘Recovery Fund’ to Bitcoin, Ethereum, BNB - Binance to spend its BUSD stablecoin on scooping up Bitcoin, Ethereum, and its native BNB token, the firm’s CEO said.
• DeFi Lender Euler Finance Drained of $197M In Flash Loan Exploit - Euler Finance suffered an exploit of at least $197 million. Reports indicate the attacker used flash loans to nab a variety of assets.
• What Determines the Price of Bitcoin? - Considered by some to be a currency without a state, the price of Bitcoin (BTC) has rapidly ascended and descended. What determines the current Bitcoin price?
• HSBC UK Acquires Silicon Valley Bank’s UK Branch for £1 - The UK’s Chancellor of the Exchequer Jeremy Hunt said that that SVB UK customers' deposits will be “protected, with no taxpayer support.”
• Crypto Market Rallies on FDIC Banking Intervention, USDC Regains Dollar Peg - While it may be ironic, crypto prices were buoyed by news of government intervention in a banking crisis.
• Coinbase, Paxos Disclose Exposure to Failed Signature Bank - The disclosures came as the government affirmed that all deposits would be available come Monday morning.
• ‘Very Lucky’ Solo Miner Solves Bitcoin Block for $148K Reward - The Bitcoin miner’s hash rate represented around 0.002% of the network’s total computational power.
• Feds Shut Down Signature Bank, Say Signature and Silicon Valley Bank Depositors Will Be Made Whole - The statement assured spooked investors that the U.S. “banking system remains resilient” despite the failure of several institutions.

coindesk.com

• Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank - Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator said
• Bitcoin, U.S. Stock Futures Erase Early Gains as First Republic Bank Tanks 50% in Pre-Market Trading - Risk assets pared gains while bond yields tanked as emergency measures announced by U.S. authorities failed to assuage investor fears about banking sector problems.
• Euler DeFi Protocol Exploited for Nearly $185M - The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC.
• OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse - OkCoin CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals are not affected.
• EU Merchants Could Be Required to Accept Digital Euro, Ministers Told - Governments from the euro currency bloc are due to discuss strategic objectives for the CBDC later Monday.
• Silicon Valley Bank Crisis a ‘Cyprus Moment’ for Bitcoin: Crypto Observers - The Fed’s aggressive rate hikes and balance sheet reduction have caused a historic bank failure — fashioning a real-time ad for Bitcoin self-custody, observers said.
• Smart Money Staying Put as USDC Remains Off-Peg - Data from Nansen shows that the total amount held by smart money wallets, and active addresses, are at multi-month lows.
• IMF Had Warned G-20 That Widespread Crypto Use Would Impact Banks - The International Monetary Fund (IMF) had warned the G-20 nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending, a report made public on Monday reveals.
• Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB, and Other Tokens - Binance tapped into its Industry Recovery Initiative funds to cover the move.
• HSBC Subsidiary to Acquire Silicon Valley Bank’s U.K. Unit for 1 Pound - The bank said the deal is a move to strengthen it’s regional presence.
• USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, Curve - Decentralized exchanges worked exactly as intended as traders rushed to exchange USDC for wrapped ether and other tokens.
• Bitcoin, Ether Retrace Weekend Losses As Bears See $183M in Short Liquidations - Markets jumped amid respite from the U.S. government and USD Coin-issuer Circle.
• After Landmark Crypto Law, European Politicians Contemplate Building Their Own Blockchain - ‘Europeum’ could safeguard values like privacy, digital minister Mathieu Michel told CoinDesk, as he seeks to make Belgium a blockchain hub
• TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure - Stablecoin issuer says USD funds held at Signature bank now fully backstopped by Fed
• First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K - Since September 2021, the growth in cash assets in small bank balance sheets has turned negative.
• Circle Scrambles to Right USDC After Signature Bank Failure - Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods.

cointelegraph.com

• Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week - Bitcoin and crypto react bullishly to news that the Fed is providing liquidity again in the wake of Silicon Valley Bank failing and Signature Bank being closed.
• Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’ - Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to native cryptocurrencies such as Bitcoin.
• Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward - Mining a valid BTC block solo is so rare that the event has occurred only 270 times out of the 700,000 blocks produced in the last 13 years.
• ‘Nobody left to bank crypto companies’ — Crypto Twitter reacts - Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.
• Euler Finance hacked for over $195M in a flash loan attack - Euler Finance was exploited in a flash loan attack that drained hundreds of millions of decentralized stablecoins and synthetic ERC-20 tokens.
• Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’ - Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to native cryptocurrencies such as Bitcoin.
• Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward - Mining a valid BTC block solo is so rare that the event has occurred only 270 times out of the 700,000 blocks produced in the last 13 years.
• ‘Nobody left to bank crypto companies’ — Crypto Twitter reacts - Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.
• Biden vows to hold accountable those responsible for SVB, Signature collapse - United States President Joe Biden said on Twitter that he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”
• Privacy-focused blockchain network closes Aztec Connect tool - The research made with Aztec Connect will be usable and critical to the development of a next-generation blockchain, Aztec Network said.
• Coinbase CEO ponders banking features after Silicon Valley Bank crisis - Coinbase CEO Brian Armstrong says the exchange has previously considered adding features to become a neobank.
• Breaking: Silicon Valley Bank UK arm acquired by HSBC for 1 pound - Banking giant HSBC announced that it is acquiring Silicon Valley Bank UK for one pound ($1.21).
• Binance.US, Alameda, Voyager Digital and the SEC — the ongoing court saga - Court cases involving the SEC and some major crypto industry enterprises — Voyager Digital, Alameda Research and Binance.US — have continued to progress in 2023.
• Biden vows to hold accountable those responsible for SVB, Signature collapse - United States President Joe Biden said on Twitter that he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”

bitcoinmagazine.com

• U.S. Treasury, FDIC And Federal Reserve Will Guarantee All Deposits At SVB, Signature Bank In Unprecedented Move - A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government.

cryptopotato.com

• Bitcoin Explodes 10% Daily on Positive SVB Developments, Binance $1B Injection: Market Watch - Binance is injecting $1B in BTC, BNB, and ETH. SVB depositors will be made whole. Bitcoin’s price exploded.
• HSBC Acquires Silicon Valley Bank UK for a Pound (Report) - Britain’s leading bank - HSBC - plans to purchase SVB UK for approximately $1.20.
• Bloxmith Launches Raiders Rumble Mobile Strategy Game on the Flow Blockchain - [PR – Taipei, Taiwan, 13th March, 2023, Chainwire] Bloxmith, the player-first Web3 gaming studio, today announced that the open beta for Raiders Rumble, its unique 1v1 squad battler game for mobile powered by the Flow blockchain, is now available for download on Google Play and Apple App Store. Raiders Rumble challenges players to apply fast-paced […]
• Binance Will Convert $1B Into BTC, BNB, ETH, Bitcoin Price Skyrockets to $22.6K - CZ said Binance will convert the remainder of the $1B from the Industry Recovery Initiative into BTC, BNB, and ETH as a response to the ongoing fiasco with banks and stablecoins.
• Signature Bank Gets Shutdown By Regulators Following SVB - With Signature Bank also closing down, what banks are left to serve crypto firms?
• BTC, USDC Soar After Government Promises to Rescue All Silicon Valley Bank Depositors - Silicon Valley Bank depositors are being bailed out by the government to ensure the stability of the banking system.

bitcoin.com

• Binance Launches Prepaid Card in Colombia - Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina. Binance Announces Crypto Prepaid Card […]
• FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games - The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part of a scheme to defraud users of funds stored in the form of cryptocurrency. Criminals are introducing victims to this kind of game and then use malware to extract the funds from cryptocurrency wallets linked to the […]
• Bloxmith Launches Raiders Rumble, a Mobile Strategy Game for Both Web2 and Web3 Gamers, on the Flow Blockchain - PRESS RELEASE. Taipei, March 13, 2023 – Bloxmith, the player-first Web3 gaming studio, today announced that the open beta for Raiders Rumble, its unique 1v1 squad battler game for mobile powered by the Flow blockchain, is now available for download on Google Play and Apple App Store. Raiders Rumble challenges players to apply fast-paced strategic […]
• Bank of Russia Registers Another Digital Asset Issuer - The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize traditional assets and organize their trade. Number of Licensed Digital Asset Issuers in Russia Grows to Five The Central […]
• USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement - The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]
• NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout - On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]

crypto.news

• DAI recovers after severe depeg caused by USDC ripple effect - MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of USDC, which is pegged to the US dollar,…
• Bitcoin rallies amid US watchdogs’ intervention in bank crisis - BTC, seems to be recovering amid US regulators' latest moves on the SVB/Silicon matter. Both the Federal Reserve and the TDIC have jumped in to protect the two bank’s customers as well as Signature’s.

dailyhodl.com

• Ethereum Creator Vitalik Buterin Abruptly Sends 500 ETH to Little-Known DeFi Protocol - Ethereum (ETH) founder Vitalik Buterin is catching the attention of crypto sleuths after moving 500 ETH to an under-the-radar decentralized finance (DeFi) project. Blockchain security firm PeckShield first spotted the transaction and revealed that a wallet controlled by Buterin transferred the ETH stack to DeFi protocol Reflexer. Reflexer is a platform designed to enable users […]