According to the Wall Street Journal (#WSJ) Coinbase Global (#COIN) told clients on Monday it’s no longer supporting #Signet, the real-time payments network of failed #SignatureBank.
The #Crypto#Fear and #Greed Index has hit its highest index score this year, reaching levels not seen since #Bitcoin posted its all-time high in November 2021.
Crypto trade volumes reached their highest level since the #FTX collapse amid last weeks broad market rally. Data from #Kaiko.
Ethereum-based #carbon credits tracker @Carbonable_io has raised $1.2 million in a seed round led by Ethereal Ventures and La Poste Ventures.
Euler Finance the #Ethereum based #protocol is in talks to get back the $196m it lost in a #hack last week. The exploiter said in an on chain message to #Euler…
“We want to make this easy on all those affected. No intention of keeping what is not ours. Setting up secure communication. Let us come to an agreement”
.#Silvergate Capital has received a #NYSE notice of possible delisting.
Mastercard, in partnership with the #Stables platform, will launch a service that will allow retail customers in the Asia-Pacific region to pay with stablecoins wherever #Mastercard is accepted. #FinTech
Crypto majors trade at the following levels. #BTC 27,500 #ETH 1,730. Have a great day!
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Lots of questions on whether recent Fed actions are QE or a “real” liquidity injection and what’s the transmission to risk
TLDR: It’s not QE but it is a real liquidity injection which pushes investors into risk assets
A Thread🧵
1/n
First point. Mechanistically, it’s not QE
QE is effectively an asset swap - bank reserves in return for treasuries - with a monetary policy objective (to lower interest rates across the yield curve)
2/n
The BTFP and discount windows which were tapped for 300bn last week are short term loans which banks pay to access for liquidity
However, this is a real liquidity injection which can push investors further out the “risk curve” in a similar way to QE
Onto the news…In an interview with Bloomberg, Cathie Wood said the current banking crisis, which will only “attract more institutions” to the #BTC market over time.
Signature Bank’s crypto-related deposits will be returned to customers directly, rather than being taken over by a unit of #NewYork Community #Bancorp under a deal announced Sunday.