- USDC liquidity operations resumed on Monday morning, with the remaining cash being transferred to Mellon Bank in New York.
- The US Department of Treasury, Federal Reserve, and FDIC announced that depositors will be able to withdraw all cash from Silicon Valley Bank starting March 13.
- The Hong Kong Monetary Authority will hold two banking regulatory meetings at the end of March to discuss the future of cryptocurrency, among other issues.
- The Federal Financial Supervisory Authority of Germany ordered the closure of Silicon Valley Bank’s German branch.
- Binance will convert the remaining portion of the $1 billion Industry Revival Plan fund for BUSD into BTC, BNB, and ETH.
- The Hong Kong Securities and Futures Commission stated that Silicon Valley Bank is not a major shareholder of any licensed corporation in Hong Kong.
- Coinbase resumed USDC conversions on Monday, with Signature’s cash balance at $240 million.
- The regulator takes control of Silicon Valley Bank’s Canadian branch.
- Yuga Labs’ Bitcoin NFT series “TwelveFold” is being minted and will be transferred to the auctioneer’s address.
- Aztec will shut down Aztec Connect and focus on developing the zero-knowledge general-purpose language Noir and encrypted blockchains.
- Terraform Labs sold 20 million LDO tokens at an average price of $2.07.
- The difficulty of Bitcoin mining has increased by 1.16% to 43.55T, a new historical high.