Latest from Sam Reynolds
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.
First Mover Asia: Bitcoin, Ether Bounce Back After Being Tested by Fed Chair Powell’s Comments
ALSO: Data from CryptoRank, which tracks crypto fund portfolios, shows that despite massive declines last year, a number of major funds are up over the past three years.
FTX Bankruptcy Special Counsel, Advisers Bill $38M for January
FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants and financial advisers working on the case.
Dapper Removes ACH Withdrawal Option, Citing Circle
Wire transfer and USDC remain an option for Dapper users.
