Binance converts $1B BUSD to Bitcoin, Ethereum, BNB
Binance converts $1B BUSD to Bitcoin, Ethereum, BNBThe recent collapse of crypto-friendly banks has made Binance convert its $1 billion industry recovery fund to Bitcoin and other assets.
Happy MondayThe global crypto market cap is $1.07 trillion with a 24-hour volume of $110.7 billion. The price of Bitcoin is $24,138.95 and BTC market dominance is 43.5%. The price of Ethereum is $1,672.45 and ETH market dominance is 19.1%. The best performing cryptoasset sector is PoW, which gained 2,013%.
Latest NewsBinance converts $1B BUSD to Bitcoin, Ethereum, BNB
The recent collapse of crypto-friendly banks has made Binance convert its $1 billion industry recovery fund to Bitcoin and other assets. Helium on last leg in Lebanon despite high adoption as profit, utility remain elusiveHelium claimed that its internet of things would provide a wide variety of use cases and utility that would improve people's daily lives but has not made any progress years later. Fifth week of losses in crypto investment products sees $255M withdrawalsThis marked the largest weekly outflow, which represents 1% of the market, while Bitcoin-based products saw $224 million in outflows. Market rally pumps bankrupt crypto firm holdingsBankrupt crypto exchange FTX's crypto portfolio rose by roughly $63 million, according to Arkham Intelligence dashboard. BitMEX halts all activities for a short time temporarilyThe exchange said it identified an issue and halted all activities except cancel options for a short while Coinbase lost $240M in Signature Bank closurePaxos and Celsius also lost money in the shut down, however, the companies expect the recover the lost funds soon with the help of the FDIC. Here’s why Pokemon’s web3 and metaverse plans face fan backlashNew job listing hints at exciting Pokémon metaverse experience: But will fans approve? TUSD’s supply crosses $2B amid banking woes for stablecoin rivalsTrueUSD (TUSD) holds $852.27 million at the embattled Signature Bank, according to its real-time reserves data. CryptoSlate Daily wMarket Update: Crypto market cap regains $1T as Feds measures spark green runThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Op-ed: TradFi failing is NOT a crypto problem. Blockchain fixes this.Now is not the time to be fearful in crypto Euler Finance EUL crashes 48% following $197M hackEuler Finance confirmed that it was aware of the attack. Its native EUL token has dumped roughly 48% following the news. Circle says USDC operations unaffected by SVB, Signature closuresCircle said that the $3.3 billion of USDC reserve deposits held at Silicon Valley Bank will be fully available on Monday. Money printer go brrr sparking crypto market recoveryCrypto market cap surges after Fed introduces emergency measures, with expectations of triggering the bull market.
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USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Saturday, March 11, 2023
Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.
Crypto liquidations top $300M as Bitcoin drops below $20k
Friday, March 10, 2023
Bitcoin had a negative netflow of $13.7 million as investors withdrew more BTCs from exchanges during the last 24 hours, according to Glassnode data.
Ethereum Foundation makes new Goerli Shapella announcement
Thursday, March 9, 2023
The ability to withdraw staked Ethereum may soon be here, as Shapella (Shanghai + Capella) unstaking upgrade goes live on the Goerli testnet.
Ripple CEO says SEC has no infrastructure for registered tokens
Wednesday, March 8, 2023
Ripple CEO Brad Garlinghouse said the US crypto industry need to rebuild trust by enabling more transparency and creating utility.
Algorand blasted over inaction on ongoing wallet drain hack
Tuesday, March 7, 2023
Algorand Foundation responds to wallet hack, urging users to switch to more secure wallet options.
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