Markets
Circle Selects Cross River as Banking Partner, Expanding Ties with BNY Mellon
Circle revealed that Cross River Bank best known for its services to fintech and crypto companies such as Visa and Coinbase is now its new merchant banking partner to produce and exchange USDC.Cornell RachelAave DAO votes for 'rescue plan' to save lost tokens
Some Aave users who accidentally sent tokens to the wrong address may soon be able to get them back, according to the text of a proposal passed by the Aave decentralized autonomous organization (DAO) on March 10.Hallie GillMakerDAO Submits Urgent Proposal to Address 3.1B USDC Exposure
According to a forum post by MakerDAO, the issuer of the U.S. dollar-pegged Dai (DAI) stablecoin, the firm requested “urgent implementation of proposals to mitigate risks to the protocol” on March 11.Craig GreenAavegotchi bonding curve closes on exact date of DAI depeg
According to Aavegotchi, the game-earning non-fungible token (NFT) protocol, the entity closed the bonding curve defining the exchange rate between its Aavegotchi (GHST) token and Da on March 11Christopher SmithFailed Tech Bank SVB Holds Over $5B for Prominent Crypto VC
Prominent blockchain venture capitalists (VCs) held assets worth more than $6 billion in the now-defunct financial entity, according to a report that began circulating on March 11 following the collapse of Silicon Valley Bank (SVB).Martha GrizzardAave freezes stablecoin transactions on Avalanche V3 as CEX activity surges
Lending protocol Aave has frozen stablecoin transactions and set loan-to-value ratio (LTV) to zero in response to recent price volatility of stablecoins after USDC, Decoupling on March 11.Hallie GillCircle reveals $3.3B tied up in Silicon Valley Bank
March 10, Blockchain Payment Technology Company and USDC, Issuer Circle confirmed that a wire transfer initiated on Thursday to remove the balance has yet to be processed,James DeanMeta's decentralized text-based app will be a fork of Instagram
Mark Zuckerberg-led social media giant Meta is developing a decentralized text app called Codenamed P92.Craig GreenEx-Jane Street,PIMCO Trader Raises $15M for ZK Proof-of-Solvency Protocol
A team of former Jane Street and PIMCO traders has raised $15 million to support centralized exchanges, stablecoin issuers and other asset managers in the cryptocurrency spaceJerry McNeillWeb3 Platform Partners with Self-Hosted Wallets to Expand Cryptocurrency Adoption in Africa
Cassava Network – an African Web3 platform focused on non-fungible tokens (NFTs), gaming and loyalty rewards – launched the third version of its platform,Sherry CantwellSWIFT enters next phase of CBDC testing after positive results
Banking messaging platform the Society for Worldwide Interbank Financial Telecommunication (SWIFT) revealed that the financial institution has achieved positive resultsJames DeanCryptoGPT' Twitter account sprung up as hashtag trended on Twitter
A Twitter hashtag related to the so-called artificial intelligence cryptographic token "CryptoGPT" has been trending on Twitter.Christopher SmithJimmy Fallon wants immunity from BAYC trademark case
Attorneys for Jimmy Fallon, star of NBC's long-running comedy and variety show "The Tonight Show," have filed a petition to "vacate" a subpoena calling him to testify in Yuga Labs Inc.Wayne IngramNFT over 2 BTC? Yuga Labs Ends 12% Off Auction
There's been a lot of excitement in the Bitcoin serial number space lately, seeing multiple collectibles auctioning off their NFTs for a lot of money.Martha GrizzardGBTC discount narrows by over 42% as Grayscale-SEC standoff draws closer
At the center of the Grayscale-SEC farce is Grayscale Bitcoin Trust (GBTC) the world’s largest Bitcoin fund which has been trading at a steep discount to its cryptoHallie GillPowell Suggests More Rate Hikes, Bitcoin Falls Below $22,000
The group's chairman, Jerome Powell, said the Fed indicated it was ready to raise interest rates further if circumstances warranted such drastic measures.Sherry CantwellSnoop Dogg is the co-founder of the Web3 powered live streaming platform
American rapper and actor Snoop Dogg has been revealed as one of the co-founders of Web3-powered live-streaming app “Shiller” adding yet another Web3 partnership for the famous hip-hop artist.Barry StidhamTether strikes WSJ over 'stale allegations' of falsified bank account documents
The Company Behind Stablecoin Tether. Rejected a Wall Street Journal report that it had ties to entities that falsified documents and used shell companies to maintain access to the banking system.Christopher SmithBabel Wants to Repay Creditors With Special 'Recovery Coin'
Babel Finance, one of many crypto lending firms affected by the 2022 bear market, is exploring new restructuring opportunities, including minting new tokens.Martha GrizzardBIS Completes Exploratory Project for Retail CBDC Payment System
The Bank for International Settlements (BIS) reports that it has completed a project with the central banks of Israel, Norway and Sweden exploring internationalHallie Gill
