🍿👀 #BUSD Summary
- As a result news traders moved their stablecoins in and out of the asset. BUSD price decreased. This is something to keep an eye on if the SEC litigation really starts to gain momentum.
- The surge in supply of BUSD on exchanges has seen its current ratio, 58.9%, returned to its highest level since December 22, this usually happens when the crowd has the intention to get rid of the asset.
- Addresses containing between 1,000 and 10,000,000 BUSD have dropped $602.38 million in aggregate since Dec. 13. In the last day the news broke, they dropped $207.49 million. This is an astonishing level when the other three stablecoins (#USDT, #USDC, #DAI) are showing large accumulations of holders.
- Binance Coin (#BNB) was also hit hard, dropping 8.2%. BNB is currently experiencing the most negative week of crowd sentiment since July 2021. #in focus
- As a result news traders moved their stablecoins in and out of the asset. BUSD price decreased. This is something to keep an eye on if the SEC litigation really starts to gain momentum.
- The surge in supply of BUSD on exchanges has seen its current ratio, 58.9%, returned to its highest level since December 22, this usually happens when the crowd has the intention to get rid of the asset.
- Addresses containing between 1,000 and 10,000,000 BUSD have dropped $602.38 million in aggregate since Dec. 13. In the last day the news broke, they dropped $207.49 million. This is an astonishing level when the other three stablecoins (#USDT, #USDC, #DAI) are showing large accumulations of holders.
- Binance Coin (#BNB) was also hit hard, dropping 8.2%. BNB is currently experiencing the most negative week of crowd sentiment since July 2021. #in focus
🤖 CryptoAttack 🇬🇧
🔊 Don't forget about our wonderful digest, which always has the main events for tomorrow: 🔓 Unlock: Galxe (#GAL) - 1.92% - Marnotaur (#TAUR) - 7% - MetaGods (#MGOD) - 4% - Ternoa (#CAPS) - 2% 🔄 Cosmos (#ATOM) - Update Rho ⚠️ THORChain (#RUNE) - Trading and…
🇺🇸👀 Initial Jobless Claims 194k
Philadelphia Fed Manufacturing Index (Feb) -24.3(pre -8.9)
Producer Price Index (PPI) (MoM) (Jan) +0.7% (before -0.4%)
#in focus
Philadelphia Fed Manufacturing Index (Feb) -24.3(pre -8.9)
Producer Price Index (PPI) (MoM) (Jan) +0.7% (before -0.4%)
#in focus
🤖 CryptoAttack 🇬🇧
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⚠️🍿 Today at 16:30! Nonfarm payrolls (number of non-agricultural jobs in the US) and unemployment rate.
#in focus
#in focus
🤖 CryptoAttack 🇬🇧
🏦 The Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which has appointed the Federal Deposit Insurance Corporation (FDIC) as administrator.
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🍿👀 #SIVB SVB is one of the top 20 banks in the US (-80% in the last 3 days) that offers crypto services to various venture capitalists such as Sequoia and a16z
93% of SVB deposits of $161.9 billion not insured
The 4 largest US banks lost $52 billion in capitalization after the fall of Silicon Valley Bank shares by 60%.
wsj.com
Investors sell shares of US banks due to Silicon Valley problems
ft.com
SVB was considered one of the fallback options for industry participants affected by the Silvergate collapse.
coindesk
CNBC: Wall Street finds it unlikely that SVB troubles will spread widely across the banking system
JPMorgan: Some of the services provided by Silvergate will be migrated to Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp.
coindesk
Shares of Signature Bank fell 12%. The banking sector as a whole fell another 4% today
#in focus
93% of SVB deposits of $161.9 billion not insured
The 4 largest US banks lost $52 billion in capitalization after the fall of Silicon Valley Bank shares by 60%.
wsj.com
Investors sell shares of US banks due to Silicon Valley problems
ft.com
SVB was considered one of the fallback options for industry participants affected by the Silvergate collapse.
coindesk
CNBC: Wall Street finds it unlikely that SVB troubles will spread widely across the banking system
JPMorgan: Some of the services provided by Silvergate will be migrated to Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp.
coindesk
Shares of Signature Bank fell 12%. The banking sector as a whole fell another 4% today
#in focus