Positive developments concerning Circle’s $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg. Source: …

Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a “pivotal” role in supporting startups. Source: https://cointelegraph.com/news/silicon-valley-bank-s-uk-branch-shut-down-by-bank-of-england

Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency. Source: https://cointelegraph.com/news/insolvency-fears-led-many-to-turn-to-other-stablecoins-sell-usdc-at-a-major-discount

BlockFi’s capital allocated to the money market mutual fund is not FDIC insured, however the fund doesn’t appear to be managed by Silicon Valley Bank. Source: https://cointelegraph.com/news/filing-shows-blockfi-has-uninsured-227m-in-silicon-valley-bank-mmmf

The crypto market is taking a walloping, and there are three important reasons why BTC’s $380 billion valuation is a key support for the entire market. Source: https://cointelegraph.com/news/920b-is-the-number-to-watch-now-that-crypto-s-trillion-dollar-total-market-cap-is-gone

The price of BTC briefly slipped under $20,000 in the early hours of Mar. 10 and is now hovering just above $20,000 at the time of writing. Source: https://cointelegraph.com/news/bitcoin-slips-under-20k-amid-biden-budget-silvergate-collapse

Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.” Source: https://cointelegraph.com/news/i-anti-endorse-these-projects-buterin-s-shitcoin-war-sees-him-sent-another-250k

The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers. Source: https://cointelegraph.com/news/bad-batch-or-flawed-design-compass-mining-flags-problems-with-new-asic-miners

The decision to end its loan facilities with Silvergate Bank follows a shift in Marathon’s long-term financial strategy to build liquidity. Source: https://cointelegraph.com/news/marathon-digital-terminates-credit-facilities-with-silvergate-bank

The CEO and chairman of the United Kingdom’s financial regulator took a grim tone as they discussed crypto regulation but conceded that they’re the ones who have to do …