Latest from Sam Reynolds
OKX-Affiliated Okcoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals aren't affected.
Smart Money Staying Put as USDC Remains Off Peg
Data from Nansen shows the total amount held by smart money wallets, and active addresses, are at multi-month lows.
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
Stablecoin issuer says USD funds held at Signature bank are 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.
DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto
MakerDAO’s decentralized stablecoin hit an all-time low of 88 cents in Asian afternoon hours on Saturday.
Justin Sun Completes $100M USDC Transfer to Create Huobi Liquidity Fund
The fund was created in response to a rapid drop and then rebound of the HT token.
Crypto.com Faces Difficulty Maintaining Fiat On-Ramps in the Face of Crypto Banking Crisis
The exchange’s current EUR banking partner is only accessible to users based in the European Economic Area (EEA).
Silvergate Collapse Dragging Down Bitcoin Volume
Data from CryptoQuant shows that active addresses and transfer volume have seen significant declines as Silvergate weighs heavy on the market.
Crypto Stakeholders Say No Exposure to Shuttered Silvergate
Binance, Coinbase, OKX, and Paxos have all released statements regarding their exposure to Silvergate.
Coinbase-OFAC Bug Affected Fewer Than 100 People and Has Been Fixed
Some users on Reddit reported bitcoin transfers to Coinbase from Binance were being blocked due to potential sanctions concerns.
