Fears over Silvergate, $8B gap at FTX, senators search Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4

Silvergate inventory plunges after delayed submitting raises doubts over future

Silvergate made headlines this week after suspending the submitting of its annual 10-Okay monetary report, elevating fears of an upcoming chapter submitting. The collapse of the cryptocurrency financial institution might show pricey for the remainder of the business. Inside 24 hours after the announcement, Coinbase (NASDAQ:), Circle, Bitstamp, Galaxy Digital and Paxos confirmed that they may reduce their particular person partnerships with Silvergate in some capability. MicroStrategy and joined various corporations publicly denying any significant publicity to the financial institution. On March 2, Silvergate’s inventory plummeted by over 50% on the NYSE.

FTX presentation reveals large shortfall in corporations property

Bankrupt cryptocurrency trade FTX has revealed an enormous shortfall in its digital asset and fiat foreign money holdings, with billions price of buyer funds lacking from each the trade and its United States-based arm, FTX US. In complete, FTX recorded an $8.6 billion deficit throughout all wallets and accounts whereas FTX US recorded a deficit of $116 million. Among the many week’s headlines, former FTX engineering director Nishad Singh pleaded responsible to fees of wire fraud together with wire and commodities fraud conspiracy. Singhs plea follows various Sam Bankman-Frieds shut associates reportedly agreeing to cooperate with U.S. prosecutors in current months.

Celsius Custody clients lastly start withdrawals 263 days after freeze

Sen. Elizabeth Warren and colleagues demand to see Binances steadiness sheets

Jack Dorseys decentralized Twitter rival enters app retailer

value slides amid Silvergate uncertainty

Bitcoin ATM decline: Over 400 machines went off the grid in underneath 60 days

Robinhood (NASDAQ:) subpoenaed by SEC over crypto listings and custody

Coinbase publicizes suspension of BUSD buying and selling starting March 13

Unstablecoins: Depegging, financial institution runs and different dangers loom

Account abstraction supercharges wallets: Dummies information

$3M OKX airdrop, 1-hour due diligence on 3AC, Binance AI Asia Specific

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