Macro update: Markets think fed tightening is almost over with just one more 25 bps rise as Powell loses credibility

Quick Take U.S. two-year yields set for the largest two-session drop since 1987, according to Zerohedge. Since last night, S&P futures have given up all their gains; contagion has further spread into the banking sector as Credit Suisse is down 10% to new lows, and the flight out to weak banks is just starting. Global […]

Euler Finance hacked for over $195M in a flash loan attack

Euler Finance became the victim of a flash loan attack where the exploiter managed to drain hundreds of millions worth of decentralized stablecoins and synthetic ERC-20 tokens.

Arthur Hayes Believes Bull Market Starts Now

Arthur Hayes is ready for bull market following collapse of 18th largest bank in US

Conflux, Synthetix | Crypto Gainers and Losers | March 13, 2023

From Synthetix to Optimism, here are the top crypto gainers and losers today, March 13, 2023. The post Conflux, Synthetix | Crypto Gainers and Losers | March 13, 2023 appeared first on BitPinas.

Money printer go brrr sparking crypto market recovery

The Fed announced “additional funding” on March 12 to backstop the banking sector. The crypto market cap rose to pre-crisis levels following the announcement — triggering a wave of bullishness. Last week saw markets tank over rumors Silvergate was insolvent. On March 9, those fears were realized as the crypto bank said it intended to […]

What’s Ahead For Bitcoin and Crypto Market? Will BTC Price Hit $23K?

The post What’s Ahead For Bitcoin and Crypto Market? Will BTC Price Hit $23K? appeared first on Coinpedia Fintech News Bitcoin’s recent dip below $20,000 may have caused panic among some investors, but for others, it presents a prime opportunity to buy the dip. Top expert Michael van de Poppe agrees, noting the potential for […]

Coinbase holds $240M in collapsed Signature bank – Is Ripple also exposed with SVB in $1B cash balance?

Coinbase reveals that $240 million in corporate cash is still under the possession of the now-collapsed Silicon bank and that it expects to recover all the funds.  Ripple’s CEO says the network has some exposure to the bank but maintains that Ripple is in a safe place.  In the wake of the ongoing commotion in […]

HSBC UK Acquires Silicon Valley Bank’s UK Branch For £1

The UK’s Chancellor of the Exchequer Jeremy Hunt said that that SVB UK customers’ deposits will be “protected, with no taxpayer support.”

BTC up 10%, ‘Rich Dad Poor Dad’ Author Believes Bitcoin Is Response to Sick Economy

Robert Kiyosaki speaks for Bitcoin (BTC) against sick economy, forecasts what’s next

Aave Freezes Stablecoin Trading Amid Price Volatility

Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave’s decision was based on an analysis by decentralized finance risk management firm Gauntlet Network, which recommended a temporary pause of all […]