1Confirmation
Pokemon fans concerned as job listing teases NFTs & Metaverse future: “This scares me” – Dexerto
submitted by /u/kirtash93 [link] [comments]
1Confirmation
Forex Today: US Introduces New Bank Backstop Protecting All Deposits – 13 March 2023
Stocks Rally on US SVB Action; US Treasury Yields Plummet; US Dollar Selling Off
1Confirmation
Daily General Discussion – March 11, 2023 (GMT+0)
Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open Read more…
1Confirmation
USDC Depeg / Circle Megathread
USDC / Circle has confirmed that they have exposure to Silicon Valley Bank which failed yesterday. Their exposure is disclosed at $3.3 Bn As a result, USDC has currently depegged and is trading at 90c to a dollar. Circle have suspended USDC USD conversions, as per their latest statement. Articles: Read more…
1Confirmation
Circle confirms $3.3 billion of its reserves are with Silicon Valley Bank
submitted by /u/_cipherunknown [link] [comments]
1Confirmation
Banks that keeping $9.88 billion cash reserves of USDC falling one by one
The full list of banks that held $9.88 billion cash for Circle’s USDC https://preview.redd.it/5reb0ljp4zma1.png?width=540&format=png&auto=webp&s=46ae555deb2fa8290d83603be92615dc00d08615 Silvergate Bank Silicon Valley Bank Signature Bank (shares have dropped 12% probably next) New York Community Bank Customers Bank Citizens Trust Bank Bank of New York Mellon https://preview.redd.it/bp76tsol4zma1.png?width=500&format=png&auto=webp&s=1725e86a4814e8e7b5d02335ba44cb7e00a852b4 Circle said it had cut ties with Read more…
1Confirmation
I’m afraid we have some bad news
USDC has lost it’s peg, this could be one of those black swan events that could collapse not only USDC, but crypto as a whole, hopefully it’s going to go back up, if it doesn’t…we are in for a rough ride, most of you will say “yeah give me cheap Read more…
1Confirmation
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 Only a few hours ago, the liquidity was pretty balanced, though you could see the trend starting: https://preview.redd.it/gon1xj72j1na1.png?width=1545&format=png&auto=webp&s=da79daadb21d42101b48c6d4810910b9ed1a0b0a Token has slightly depgged and trading at %93 of USDT on Read more…
1Confirmation
With insolvency fears rampant. Here’s how one unlucky user paid $2,080,468.85 to receive $0.05 of USDT.
The unfortunate soul used the KyberSwap aggregation router to dump a large clip of 3CRV (DAI/USDC/USDT) LP token into USDT. This is already a questionable decision since you could just withdraw the LP into USDT for 6% slippage, but maybe he got desperate. In his haste to swap, Read more…
1Confirmation
BlockFi holds $227 million in Silicon Valley Bank… When will the show end!?
According to a recent bankruptcy filing, BlockFi holds $227 million in Silicon Valley Bank. However, the bankruptcy trustee cautioned the company on Monday that these funds are not FDIC insured because they are invested in a money market mutual fund. This could pose a problem for BlockFi in terms of Read more…