Could the Silicon Valley Bank Crisis End Crypto Winter?
Markets are now predicting the Fed will be less aggressive with interest rate hikes following the collapse of Silicon Valley Bank. And that has investors feeling bullish again.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Strategy MSCI Delisting Could Trigger Another Market Shock After Indonesia
Bitcoin is trading at $82,800, up 1.5%, but Michael Saylor’s Strategy MSCI delisting points to two distinct risks. Indonesia’s mar...
Bitcoin Futures Open Interest Slips To $7.68 Billion As Traders Keep Funding Positive
TL;DR: A Saturday derivatives snapshot showed Bitcoin open interest at $7.68 billion, down 0.69% in 24 hours. Funding remained pos...
Stablecoin Growth Cooled as Deposit Rates Rose, With USDC Most Exposed, Working Paper Says
When U.S. banks paid savers more, stablecoins grew more slowly, according to a Bank for International Settlements working paper pu...
European Banking Authority Puts USDC Under Significant-Token Supervision
The European Banking Authority has designated USDC as the EU’s first significant e-money token under MiCA, setting up an additiona...
Strategy Raises Its Preferred Buyback Cap to $3 Billion After Another $193 Million STRC Week
Strategy’s board approved a $1 billion increase to the company’s preferred stock buyback program, bringing the total it can spend...
JPMorgan Takes JPM Coin To Ethereum As Banks Test Public-Chain Settlement
JPMorgan is taking its bank-issued deposit token onto public Ethereum, an expansion that puts an established Wall Street payments...