2023-03-15
The Block
5 related
Arkham: net redemptions of Circle's USDC reached $4.5B since March 10, including a single $723M redemption that was later burnt, after Signature and SVB fell
Adam Morgan McCarthy / The Block :
2023-03-13
Bloomberg
5 related
The closure of SVB, Silvergate, Silvergate Exchange Network, and Signature adds stress to a troubled crypto industry; fiat conversion costs may rise by 20%-40%
The digital-asset market is coming off of a turbulent year featuring a number of high-profile blowups.
CNBC
15 related
Signature closing means its real-time payment platform Signet can no longer serve crypto clients, a blow after SEN closed; BTC jumps ~7% and USDC regains peg
- Silvergate and Signature were the two main banks for crypto companies, while Silicon Valley Bank had a lot of crypto startups and VCs as customers.
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