USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan. Almost immediately after USD Coin (USDC) issuer Circle revealed it...
SBF’s lawyers signal need to push back October criminal trial

SBF’s lawyers signal need to push back October criminal trial

Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense. Lawyers representing FTX founder Sam Bankman-Fried have flagged it may be necessary to delay the criminal trial for the...