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Markets
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.
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.
USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High
While the Coinbase premium is usually taken to represent stronger buying pressure from U.S. investors, that's probably not the case this time.
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.
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.
First Mover Americas: Bitcoin Battered as Markets Spiral
The latest price moves in crypto markets in context for March 10, 2023.
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Jobs Report
Analysts are worried that other tech-friendly lenders will face similar problems to Silicon Valley's.
Ether Hits Two-Month Low Under $1.4K as Coinbase Premium Index Dwindles
The decline comes as New York Attorney General referred to ETH as a security in its lawsuit against the cryptocurrency exchange KuCoin.
Huobi’s HT Token Suddenly Falls 93%, Then Rebounds Just as Quickly
The token, affiliated with Tron founder Justin Sun, dropped from $4.81 to $0.31 on the Huobi exchange.
Bitcoin Falls Below $20K as 2023 Rally Reverses
A hawkish Fed, the demise of crypto-friendly Silvergate Bank, and a possible government sale of Silk Road-related bitcoin have given investors ample reason to sell.
