Silvergate
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#Understanding DefiLlama and its Impact on the CBDC Ecosystem
21:00-7:00 Keywords: DefiLlama, Polygon, SilverGate, CBDC
Overview of important developments overnight on March 21st
##IntroductionSince the emergence of cryptocurrencies and decen -
Silvergate Faces Non-Compliance Woes with New York Stock Exchange
It is reported that SilverGate, a cryptocurrency bank, received a letter from the New York Stock Exchange informing it of non-compliance with the 10K report.
SilverGate received a -
Business Dealing with Crypto Friendly Banks
According to reports, Zhu Su, the co founder of Sanjian Capital, posted on social media that he had extensive business dealings with two banks, Silvergate and Signature, which are excellent and customer oriented crypto friendly banks. Unfortunately, the macro environment shows weaknesses in its underlying business model. Zhu Su: I have had a lot of business dealings with two banks, Silvergate and Signature Analysis based on this information:Zhu Su, the co-founder of Sanjian Capital, recently posted on social media that he had extensive business dealings with two banks, Silvergate and Signature. According to him, the banks are excellent and customer oriented crypto-friendly banks. However, he also notes that the underlying business model of these banks has been showing weaknesses in the macro environment. Sanjian Capital is a Singapore-based investment firm that is focused on investing in blockchain technology and digital assets. It has been actively participating in the crypto industry for years, and it is no surprise that Zhu Su…
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IOSG Ventures Denies Recent Transactions in USDC and Exposure to SVB and Silvergate
According to reports, IOSG Ventures issued a statement that it had never conducted any USDC transactions in the past 7 days, and its exposure to SVB and Silvergate was zero. IOSG Ventures: zero exposure to SVB and Silvergate Analysis based on this information:The statement issued by IOSG Ventures has raised several questions regarding its involvement in USDC transactions and exposure to SVB and Silvergate. According to the reports, the venture capital firm has claimed that it has not conducted any USDC transactions in the last seven days, and furthermore, its exposure to the two financial institutions is zero. This statement has left many market observers and investors perplexed, as IOSG Ventures is known to be one of the biggest players in the crypto world. The firm is a prolific investor in the crypto market, and its portfolio includes some of the biggest names in the space, including Ethereum, Cosmos, and Avalanche. The denial of recent USDC transactions and zero exposure…
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Bigg Digital Assets confirms no exposure to risk in SilverGate and Silicon Valley banks
According to reports, Bigg Digital Assets, a Canadian cryptocurrency company, said that it was confirmed that there was no risk exposure in SilverGate and Sili…
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Signature Bank Shares Plummet Due to Elevated Market Risk
On March 11, the stock price of Signature Bank fell 32% on Friday due to the influence of Silicon Valley Bank and its peer Silvergate event, and the trading wa…
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Bybit CEO assures clients of unaffected services
On March 11, Ben Zhou, co-founder and CEO of Bybit, tweeted that Bybit and its client funds had no exposure to Silvergate and Silicon Valley banks. Please rest…
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No Capital Exposure for Sky Mavis, Axis Infinity, and Ronin Network
On March 11, Aleksander, co-founder and CEO of Axis Infinity and Sky Mavis, clarified that Sky Mavis, Axis Infinity and Ronin Network had no capital exposure i…
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Silvergate’s Voluntary Liquidation Announcement Triggers Significant Stock Price Drop
It is reported that Silvergate (SI. N) rose to 30% before the session and closed down more than 42% on Thursday after announcing plans to end banking business …
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JPMorgan predicts challenges for the encryption industry after Silvergate collapse
It is reported that JPMorgan said in a research report on Thursday that the collapse of the encryption bank Silvergate and the closure of the Silvergate Exchan…
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The Rise and Fall of Silvergate’s Stock Market
It is reported that the US stock market of Silvergate rose by more than 19% before the market, and the stock fell by more than 42% overnight after announcing p…
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Silvergate’s Share Price Takes a Dip
It is reported that according to the latest data of the US stock market, Silvergate\’s share price fell to US $2.84 at the close of Thursday, a drop of 42.16%. …
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Financial Markets to React to Interest Rate Increase, Silvergate and Voyager Developments
21:00-7:00 Key words: interest rate increase, Silvergate, Mt.Gox, Voyager
Overview of important developments overnight on March 9
Analysis based o…
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Silvergate bank to end business and voluntarily liquidate
It is reported that Silvergate (SI. N) announced its plan to end the bank\’s business and voluntarily liquidate in an orderly manner and in accordance with appl…
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The Failure of the Banking Industry: A Lesson for All
On March 9, Adam Cochran, partner of Cinneamhain Ventures, tweeted that the failure of Silvergate was not due to the risks or illegal acts related to cryptocur…
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Silvergate’s Clearing Impacts Bitcoin Transaction Volumes
On March 9, data from CryptoQuant showed that due to the impact of Silvergate\’s clearing on the market, the volume of transactions denominated in Bitcoin fell …
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Cryptocurrency institutions remain unaffected by Silvergate’s liquidation
On March 9, following the announcement by Silvergate, a cryptofriendly bank, earlier today that it plans to end its banking business in an orderly manner and v…
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Coinage’s Founder CZ Assures Safety of Funds on Silvergate
According to reports, CZ, the founder of Coinage, said in a social media message, \”I feel sad to see the news of Silvergate, but at least, they seem to return …
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Grayscale extends its reach with new acquisition
21:00-7:00 Key words: Grayscale, Silvergate, acquisition of Voyager Digital, MtGox
Overview of important developments overnight on March 8
Analysi…
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Silvergate’s Closure of Payment Network Could Boost Use of Stable Currency in Cryptocurrency Transactions
It is reported that a new study by Kaiko, a digital asset data provider, found that Silvergate\’s decision to close its real-time payment network may promote in…