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Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB and Other Tokens

Binance tapped into its Industry Recovery Initiative funds to cover the move.

(Danny Nelson/CoinDesk)

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Bitcoin, Ether Retrace Weekend Losses as Bears See $183M in Short Liquidations

Markets jumped amid respite from the U.S. government and USD coin issuer Circle.

Shorts saw over $183 million in liquidations in the past 24 hours. (Coinglass)

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Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears

Some traders are signaling strength for USD coin, citing its treasury backing in U.S.-issued bonds.

Bear and Bull (Pixabay)

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Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown

Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

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Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.

(Sandali Handagama/ CoinDesk)

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Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash

The largest long liquidation in at least a month suggests Thursday’s crash in crypto prices has caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from CoinGlass.

(DALL-E/CoinDesk)

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Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors

Bitcoin and other major cryptocurrencies declined as the crypto-focused lender’s crisis continued to unfold; ether sinks 7%.

Bitcoin price chart Thursday (CoinDesk)

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Securities Platform DEFYCA to Release Tokenized Private Debt Protocol on Avalanche

DEFYCA’s launch highlights the growing trend of bringing tokenized versions of traditional markets like debt to blockchain-based protocols.

(Danny Nelson/CoinDesk)

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Kwenta DEX Lures Traders to Capture Bitcoin, Ether Returns Regardless of Direction

Kwenta, which uses Synthetix’s infrastructure for its perpetual product, has seen trading volumes surge in the past few weeks.

(DALL-E/CoinDesk)

Mercados

Polygon, Solana Tokens Lead Majors Slide Amid Bitcoin Weakness

Bitcoin dumped Thursday on the back of multiple catalysts that contributed to selling pressure.

Las monedas alternativas cayeron tras la debilidad de bitcoin. (CoinDesk)