The latest data released by MakerDAO on social media shows that the current Maker system mortgage rate is 154%, that is, 5.38 billion DAI is backed by collateral worth 8.26 billion US dollars. MakerDAO has not triggered liquidations in the past week and the system is functioning as expected. In addition, the current PSM is operating smoothly as expected, with a reserve of $3.15 billion and 3.15 billion DAI backed by 100% collateral.

The latest data released by MakerDAO on social media shows that the current Maker system mortgage rate is 154%, that is, 5.38 billion DAI is backed by collateral worth 8.26 billion US dollars. MakerDAO has not triggered liquidations in the past week and the system is functioning as expected. In addition, the current PSM is operating smoothly as expected, with a reserve of $3.15 billion and 3.15 billion DAI backed by 100% collateral.

Grayscale CEO Michael Sonnenshein said he expects his firm’s lawsuit against the U.S. Securities and Exchange Commission (SEC) to reject a bitcoin spot ETF could be ruled in the third quarter of this year. Sonnenshein also said that all resources are being used to fight the legal battle with the US SEC. If the U.S. regulatory authorities are still unwilling to recognize the legal securities status of Bitcoin ETF, the company will not hesitate to take the lawsuit to the Supreme Court if necess...

Grayscale CEO Michael Sonnenshein said he expects his firm’s lawsuit against the U.S. Securities and Exchange Commission (SEC) to reject a bitcoin spot ETF could be ruled in the third quarter of this year. Sonnenshein also said that all resources are being used to fight the legal battle with the US SEC. If the U.S. regulatory authorities are still unwilling to recognize the legal securities status of Bitcoin ETF, the company will not hesitate to take the lawsuit to the Supreme Court if necess...

The U.S. Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are considering a fund that would allow regulators to provide more deposit guarantees for struggling banks following the collapse of Silicon Valley Bank. The new special tool was discussed by regulators in conversations with banking executives, according to people familiar with the matter. They hope the creation of such a tool will reassure savers and help stem panic. On Friday, SVB became the largest U.S. bank to f...

The U.S. Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are considering a fund that would allow regulators to provide more deposit guarantees for struggling banks following the collapse of Silicon Valley Bank. The new special tool was discussed by regulators in conversations with banking executives, according to people familiar with the matter. They hope the creation of such a tool will reassure savers and help stem panic. On Friday, SVB became the largest U.S. bank to f...

Silvergate Capital Corporation, the holding company of Silvergate Bank, announced that it will wind down operations in an orderly manner and in accordance with applicable regulatory procedures. Given recent industry and regulatory developments, Silvergate believes that an orderly winding up of banking operations and voluntary liquidation of the bank is the best way forward. The bank's wind-up and liquidation plan includes full repayment of all deposits, while also considering how best to...

Silvergate Capital Corporation, the holding company of Silvergate Bank, announced that it will wind down operations in an orderly manner and in accordance with applicable regulatory procedures. Given recent industry and regulatory developments, Silvergate believes that an orderly winding up of banking operations and voluntary liquidation of the bank is the best way forward. The bank's wind-up and liquidation plan includes full repayment of all deposits, while also considering how best to...

Hedera’s official Twitter post stated that the core team is actively investigating the abnormalities in smart contracts that have been discovered. They work directly with teams across the DeFi ecosystem to determine the cause and potential impact. According to previous news, DeFi researcher Ignas tweeted that Hedera is under attack. All Hedera dApps using the Hedera Token Service (HTS), such as LP tokens or wrapped tokens will be affected. Attackers have compromised Pangolin and HeliSwap pool...

Hedera’s official Twitter post stated that the core team is actively investigating the abnormalities in smart contracts that have been discovered. They work directly with teams across the DeFi ecosystem to determine the cause and potential impact. According to previous news, DeFi researcher Ignas tweeted that Hedera is under attack. All Hedera dApps using the Hedera Token Service (HTS), such as LP tokens or wrapped tokens will be affected. Attackers have compromised Pangolin and HeliSwap pool...

Stablecoin issuer Circle holds an undisclosed USDC cash reserve at Silicon Valley Bank. USDC is the second largest stablecoin with a market cap of $43 billion and is fully backed by government bonds and cash assets. According to Circle’s January reserve report, the company holds $9.88 billion in USDC cash reserves at regulated banks, including Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank, Signature Bank, Silicon Valley Bank and Silvergate Bank. Accordi...

Stablecoin issuer Circle holds an undisclosed USDC cash reserve at Silicon Valley Bank. USDC is the second largest stablecoin with a market cap of $43 billion and is fully backed by government bonds and cash assets. According to Circle’s January reserve report, the company holds $9.88 billion in USDC cash reserves at regulated banks, including Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank, Signature Bank, Silicon Valley Bank and Silvergate Bank. Accordi...

Web3 multi-chain encrypted wallet MathWallet has integrated Alchemy Pay's fiat currency payment solution On & Off Ramp, users can use fiat currency to purchase cryptocurrency through the fiat currency gateway in the wallet. It is reported that Alchemy Pay's payment gateway supports Visa and Mastercard payments in 173 countries, a variety of domestic transfers, and popular mobile wallets in emerging markets.

Web3 multi-chain encrypted wallet MathWallet has integrated Alchemy Pay's fiat currency payment solution On & Off Ramp, users can use fiat currency to purchase cryptocurrency through the fiat currency gateway in the wallet. It is reported that Alchemy Pay's payment gateway supports Visa and Mastercard payments in 173 countries, a variety of domestic transfers, and popular mobile wallets in emerging markets.

Germany's Federal Financial Supervisory Authority (BaFin) has ordered the closure of Silicon Valley Bank's German branch. BaFin said the plight of SVB's German branch does not pose a threat to financial stability and that SVB's German branch does not have systemic influence.

Germany's Federal Financial Supervisory Authority (BaFin) has ordered the closure of Silicon Valley Bank's German branch. BaFin said the plight of SVB's German branch does not pose a threat to financial stability and that SVB's German branch does not have systemic influence.

According to data disclosed by on-chain analyst @Lookonchain, the address marked by Nansen as Terraform Labs has sold all 20 million LDOs at a price of $2.07 today, of which 15.3 million LDOs (approximately $32 million) sold at $2.1 Average price dumps on decentralized exchanges. Another 4.7 million LDOs (approximately US$9.4 million) were transferred to the cryptocurrency exchange Binance on May 9 and sold at an average price of US$2. Previously, Terraform Labs participated in Lido’s $2 mill...

According to data disclosed by on-chain analyst @Lookonchain, the address marked by Nansen as Terraform Labs has sold all 20 million LDOs at a price of $2.07 today, of which 15.3 million LDOs (approximately $32 million) sold at $2.1 Average price dumps on decentralized exchanges. Another 4.7 million LDOs (approximately US$9.4 million) were transferred to the cryptocurrency exchange Binance on May 9 and sold at an average price of US$2. Previously, Terraform Labs participated in Lido’s $2 mill...

India has imposed anti-money laundering rules on the cryptocurrency industry, the latest move by the government to tighten oversight of digital assets. In a notification on Tuesday, India’s Ministry of Finance said that anti-money laundering regulations now apply to cryptocurrency trading, custody and related financial services. Jaideep Reddy, an adviser at law firm Trilegal, said India's move fits with a global trend requiring digital asset platforms to "follow anti-money laundering sta...

India has imposed anti-money laundering rules on the cryptocurrency industry, the latest move by the government to tighten oversight of digital assets. In a notification on Tuesday, India’s Ministry of Finance said that anti-money laundering regulations now apply to cryptocurrency trading, custody and related financial services. Jaideep Reddy, an adviser at law firm Trilegal, said India's move fits with a global trend requiring digital asset platforms to "follow anti-money laundering sta...

HSBC Holdings has emerged as a potential bidder for Silicon Valley Bank UK, a Sky News reporter tweeted on Sunday. "A deal has yet to be finalized, but as far as I know, both HSBC and JPMorgan are exploring acquisitions of the troubled bank," the article said. The Bank of England announced late on Friday that it planned to use its bank insolvency proceedings to resolve the problems of Silicon Valley Bank's UK subsidiary, the Financial Times previously reported. A United Arab Emirates-bas...

HSBC Holdings has emerged as a potential bidder for Silicon Valley Bank UK, a Sky News reporter tweeted on Sunday. "A deal has yet to be finalized, but as far as I know, both HSBC and JPMorgan are exploring acquisitions of the troubled bank," the article said. The Bank of England announced late on Friday that it planned to use its bank insolvency proceedings to resolve the problems of Silicon Valley Bank's UK subsidiary, the Financial Times previously reported. A United Arab Emirates-bas...

Kyle Davies, co-founder of defunct hedge fund Three Arrows Capital, said there are no pending lawsuits or regulatory actions against him. Last July, Sanjian Capital filed for bankruptcy. In October, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) launched investigations into Three Arrows for misleading investors about its balance sheet. In December last year, it was reported that Three Arrows Capital had liabilities of more than US$3 billi...

Kyle Davies, co-founder of defunct hedge fund Three Arrows Capital, said there are no pending lawsuits or regulatory actions against him. Last July, Sanjian Capital filed for bankruptcy. In October, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) launched investigations into Three Arrows for misleading investors about its balance sheet. In December last year, it was reported that Three Arrows Capital had liabilities of more than US$3 billi...