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

	Open in app or online USDC depeg – Everything we know so far as contagion spreads from TradFi banking Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB. Mar 11   Save ▷  Listen   Happy Saturday The global crypto market cap is $931.59 billion with a 24-hour volume of $93.35 billion. The price of Bitcoin is $20,250.25 and BTC market dominance is 42.0%. The price of Ethereum is $1,442.35 and ETH market dominance is 18.9%. The best performing cryptoasset sector is Manufacturing, which gained 13%. Latest News USDC depeg – Everything we know so far as contagion spreads from TradFi banking Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB. 2 min read → Op-ed: The pound’s decline paves the way for Bitcoin adoption in the UK The UK government turns to crypto in bid to restore former economic glory in the digital age. 5 min read → Crypto Twitter labels Senator Warren ‘tone deaf’ on crypto audits amid SVB meltdown The community said the tweet was Warren's latest attempt to demonize the crypto industry and called it "tone deaf" amid the banking crisis involving Silicon Valley Bank (SVB). 2 min read → MacroSlate Weekly: SVB shut down, Powell has to decide between a new financial crisis or raising inflation target Banks halted on exchanges, bank runs, BTC drops below $20k and an indecisive market for 25 or 50bps rise 3 min read → SEC Wells Notice, what is it and why more may be coming On Feb. 3. Paxos received a Wells Notice from the SEC indicating that they were under investigation. 2 min read → SEC denies VanEck Bitcoin spot ETF for a third time; commissioners dissent Commissioner Hester Peirce says the SEC's rules are "uniquely burdensome." 2 min read → Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure SVB's collapse marks one of the largest bank failures in U.S. history. 2 min read → U.S. government appeals Voyager-Binance.US deal The appeal comes shortly after Voyager received permission to sell its assets. 1 min read → Crypto lawyer rallies Ethereum investors in class action lawsuit against NYAG’s ‘securities’ label John Deaton opens registration for class action lawsuit, calling for the XRP and ETH communities to put aside past animosities. 2 min read → Cardano rises 6% against Bitcoin despite broad market sell-off 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. 2 min read →   Like Comment Share   Read CryptoSlate in the app Listen to posts, join subscriber chats, and never miss an update from CryptoSlate. © 2023 Zenzio Incorporated 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332 Unsubscribe