Do the developers of legal bots have sufficient knowledge and experience of the law? Is the data used to “train” their algorithms timely? Will critical evidence be filtered out?
The Silicon Valley Bank collapse on March 10 has sparked fear, uncertainty and doubt across the crypto community.
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.”
According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,“ enabling USDC redemption at 1:1 with the U.S. dollar.
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January.
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.
Bitcoin is trying to sustain above $20,000 and if it succeeds, ETH, MATIC, TON and OKB may witness a strong recovery.
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar.
Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar.