What’s happening in the Crypto Market
- With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s […]
- After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares […]
- PRESS RELEASE. Victoria, Seychelles, 20th March, 2023 – Bitget, the largest crypto copy trading platform, has announced the upcoming listing of IPOR in its Innovation Zone of the spot market. The deposit services for digital assets will be available from 7 AM on March 22nd, 2023 (UTC), with trading set to commence at 12 PM […]
- Solana rose by as much as 8% to start the week, as the token moved toward a one-month high. The token climbed for a second straight session, as the global banking crisis pushed investors towards cryptocurrencies. Chainlink was also higher, hitting a three-week high. Solana (SOL) Solana (SOL) moved closer to a one-month high to […]
- On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar […]
- Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish momentum.
- Bitcoin targets $30,000 as a new week of macro surprises gets going — what might happen next?
- Bitcoin, ETH, BNB, STX, and IMX remain strong on the charts, increasing the likelihood of more gains in the near term.
- BTC price action continues to hold higher, with analysis also flagging the 200-week moving average potentially flipping to support.
- Sam Bankman-Fried seeks to use FTX’s corporate insurance, Bitcoin outperforming Wall Street banks in 2023 and USDC repegs after turbulent days.
What’s happening with Crypto Policy & Regulation
- A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down.
- Crypto ads in Belgium will bear a blunt warning after a new regulation takes effect in May, and “mass” advertising campaigns will be subject to advance FSMA approval.
- “What the central bank digital currency is all about is surveilling Americans and controlling behavior of Americans," said Ron DeSantis at a “Big Brother’s Digital Dollar” podium.
- The lawsuit claims FTX Digital Markets was an “economic nullity” within the FTX Group “created as a front to facilitate a conspiracy to defraud the Debtors’ customers.”
- After completing the preparatory stage and obtaining an operational license in Dubai, Crypto.com plans to provide a comprehensive range of institutional services in compliance with regulatory requirements.
- Taiwanese lawmakers reportedly expect to finalize a crypto regulatory framework by the end of March or April at the earliest.
- An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds.
- Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans to do so.
What’s happening with the Top 10 Cryptocurrencies
- Bitcoin continues to trade near $28,000, signaling a strong demand from investors even as the legacy banking system struggles with unprecedented volatility.
- Sam Bankman-Fried seeks to use FTX’s corporate insurance, Bitcoin outperforming Wall Street banks in 2023 and USDC repegs after turbulent days.
- Bitcoin has risen above $25,000, and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000.
- Chinese billionaire using crypto to fight communism charged over $1 billion fraud, Do Kwon’s $11M bet comes due, Zhu Su bonds with Islam.
- From the epic highs of the top of the bull market, many in the crypto space are now facing tough times that can take a toll on mental health.
- Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.
- Lark Davis says he took some “reputational damage” last year but has learned from it, and he’s looking forward to a bullish future for BTC and ETH.