Did you know that USDC and stablecoins, since 25% of their deposits were held in SVB? This was the bank that just collapsed 2 days ago. You should only trade in USD with Kraken. Anyhow, this could be a major blow to crypto. There is also an article to Choke Point 2.0, which makes this a point to a potential conspiracy theory.
Control your banking to preserve your wealth
USDC Stable coin
Curious why we saw a bank run in the United States as Silicon Valley Bank collapsed? Want to know if there is a contagion that may spread to other banks? Peter St Onge breaks it down. from Bitcoin
https://cryptodaily.co.uk/2023/03/circle-has-over-3-b-tied-up-at-silicon-valley-bank
USDC Is In Trouble, But It Won’t Go To Zero Like UST Did – Here’s Why
https://www.bitcoininsider.org/article/208285/crypto-industry-danger-vc-nic-carter-says-operation-choke-point-20-well-underway
Panic over!? Circle just opened their new DEX exchange, with $1.3 billion liquidity on stablecoin pair, putting a solid floor under USD Coin. While other exchanges haven’t yet filled the gap, it is inevitable at this point! What a weekend, crazy times. Congrats to everyone who bought for $0.90! from ethereum
Binance And Coinbase Temporarily Suspend USDC Conversion After Silicon Valley Bank Collapse
https://cointelegraph.com/news/usdc-slowly-repegs-on-unconfirmed-reports-of-svb-resolution
Panic over!? Circle just opened their new DEX exchange, with $1.3 billion liquidity on stablecoin pair, putting a solid floor under USD Coin. While other exchanges haven’t yet filled the gap, it is inevitable at this point! What a weekend, crazy times. Congrats to everyone who bought for $0.90! from ethereum
https://www.bitcoininsider.org/article/208275/nine-out-top-10-stablecoins-trading-below-peg-usdc-contagion-spreads-tether-sole
USDC de-pegs, Kraken CEO wonders if the market is losing trust in US products
https://cointelegraph.com/news/circle-s-usdc-instability-causes-domino-effect-on-dai-usdd-stablecoins
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
