
Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging
Binance CEO hints at possible bank acquisitions amid crypto-friendly banks facing severe distress and failures.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.

Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.

When Cardano's ADA value is denominated in US Dollar, it has fallen by 2.54% and is trading for $0.31589 as of press time.

Aside the macro downturn facing BTC, Ethereum is also facing increased scrutiny by the SEC since switching to proof-of-stake.

The trade count for virtual worlds doubled to 51,000 in February, as the metaverse and gaming space received $148 million in investments.

Bitcoin had a negative netflow of $13.7 million as investors withdrew more BTCs from exchanges during the last 24 hours, according to Glassnode data.

The decline led to over $200,000,000 of market cap gone from HT within an hour, only to recover by over 1000% minutes after.



