“When information broke that Circle’s funds had been caught in Silicon Valley Financial institution, customers rushed to redeem their USDC for USD,” Ignas mentioned. “On Coinbase, customers may redeem 1 USDC for $1.00, however Coinbase suspended conversions over the weekend when banks are closed, which worsened the state of affairs, leaving merchants with no possibility however to liquidate holdings within the spot market.”
Key TakeawaysParadigm closed a $1.2 billion fund on Wednesday targeting AI and robotics.Bloomberg’s Rebecca Torrence reported the fund marks Paradigm’s...
Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show...
In crypto news today (July 8), Bitcoin has experienced a slight retracement, still sitting comfortably above $60,000, but down -1.1%...
Key TakeawaysBinance is recruiting a full-time, remote General Manager for West Africa business development and operations.The role combines regulatory coordination,...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP Ledger story is often swallowed...
