Coinbase just suspended selling USD Coin. Massive selloff drains Curve pool.
At the time of writing this, Curve 3pool USDT reserve is completely drained as a result of massive USDC selloff: https://preview.redd.it/tj791ftri1na1.png?width=942&format=png&auto=webp&s=105ccd3884fa2c2c0b5aec79178a6998412a9705 [UPDATE] Curve 3pool is...
USDC will remain redeemable 1 for 1 with U.S. dollar, Circle says
submitted by /u/hazzelG [link] [comments]...
Crypto is still too hard to be convenient
I wanted to buy some MOONs today (yes, I am not making this up), and I have been primarily using CEXs for trading, but since...
Short Seller Who Predicted FTX, Silvergate Capital Collapses And Shorted SVB Financial Has New Banking Target: ‘A Worldwide Money Laundering Story’ – Signature Bank (NASDAQ:SBNY)
submitted by /u/Beneficial_Career528 [link] [comments]...
Diversify your portfolio to reduce your risk profile!
Hey crypto degens, with all the recent news about SVB, USDC and the general negative attitude of the SEC / US govt on crypto its...
Binance CEO: Exchange Has ‘No Exposure to Silicon Valley Bank’
submitted by /u/Stormtrooper501 [link] [comments]...
Are you not fully sure what’s happening? Like many, you may be wondering why all these banks are failing, and why it affects crypto. I broke down the explanation of the causes, and the effect on crypto. Bonus: “explain like I’m 5” at the bottom.
edit: made a mistake in the title, and had to remake the whole post. It’s a side effect of Fed raising the rates too quickly,...
Satoshi didn’t create BTC for us to worry about the 10-year bond rate or interest rates in general.
SVB apparently had a shit ton of 10-year bonds. Why you would want to tie your funds up for such little return I cannot understand...
Trump era roll back of bank regulations resurfaces amid SVB collapse
submitted by /u/masterbatesAlot [link] [comments]...
One turned $2.03 million into $0.05 and the other one turned $1.5 into $2.03 million
Someone got rekt hard due this USDC panic. Kyberswap helped a user to swap $2.03M for $0.05. In the midst of the depeg panic, a...