The $30 billion plan devised by U.S. #regulators to avoid a major liquidity crisis in First #Republic Bank “raised more questions than it answers,
While appearing to #protect the banking sector, additional funding for the Federal Deposit Insurance #Corporation and credit facilitation using Fed resources ultimately creates a “false sense of confidence,” according to activist billionaire investor Bill Ackman.
“Several assets saw large spikes in user #acquisition, but none more than USDC,” the #blockchain analysis firm wrote
The trio was #arrested last week and search warrants were executed on their #residences in Florida and Illinois.
#Previously, in January, the exchange said its SWIFT transfer partner, #Signature Bank, would only process trades by users with USD bank accounts over $100,000.
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#Hodlnaut founders propose selling the firm instead of #liquidation
The #important support to watch on the downside is the area between the 50-day SMA and $88. If this zone cracks, the #selling could pick up momentum and the pair may slide to $81 and then to $75.