The stablecoin #ecosystem felt an immediate effect as USD Coin (USDC) depegged from the U.S. dollar due to a #subsequent sell-off after Silicon Valley Bank (SVB) did not process $3.3 billion of Circle’s $40 million transfer request

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

The stablecoin #ecosystem felt an immediate effect as USD Coin (USDC) depegged from the U.S. dollar due to a #subsequent sell-off after Silicon Valley Bank (SVB) did not process $3.3 billion of Circle’s $40 million transfer request

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

 That said, any #subsequent move up beyond the 1.0790-1.0800 area might #confront some resistance near the 1.0830 region, or the 61.8% Fibo. level. A sustained move beyond the latter should allow spot prices to aim back to reclaim the 1.0900 round figure.

Any #subsequent slide is more likely to find #decent support near the 1.0680-1.0675 region, below which the EUR/USD pair could slide to the 23.6% Fibo. level, around the 1.0630 zone.

 That said, any #subsequent move up beyond the 1.0790-1.0800 area might #confront some resistance near the 1.0830 region, or the 61.8% Fibo. level. A sustained move beyond the latter should allow spot prices to aim back to reclaim the 1.0900 round figure.

Any #subsequent slide is more likely to find #decent support near the 1.0680-1.0675 region, below which the EUR/USD pair could slide to the 23.6% Fibo. level, around the 1.0630 zone.

That said, any #subsequent move up beyond the 1.0790-1.0800 area might #confront some resistance near the 1.0830 region, or the

Any #subsequent slide is more likely to find #decent support near the 1.0680-1.0675 region, below which the EUR/USD pair could slide to the 23.6% Fibo. level, around the 1.0630 zone.

Any #subsequent slide is more likely to find #decent support near the 1.0680-1.0675 region, below which the EUR/USD pair could slide to the 23.6% Fibo. level, around the 1.0630 zone.

 That said, any #subsequent move up beyond the 1.0790-1.0800 area might #confront some resistance near the 1.0830 region, or the 61.8% Fibo. level. A sustained move beyond the latter should allow spot prices to aim back to reclaim the 1.0900 round figure.

Note that this isn’t a causal #relationship: Some coins experience an increase in on-chain activity but no #subsequent price increases (like API3 and PYR) in the example above.

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

#That’s a tough pill to swallow, and even meaningful regulatory crackdowns are cause for #concern.#realized when FTX imploded and its founder was arrested, as well as when Terra crashed and #subsequent charges were filed against its former CEO. 

#realized when FTX imploded and its founder was arrested, as well as when Terra crashed and #subsequent charges were filed against its former CEO. 

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

A #subsequent post on the day nonetheless underscored the #importance of nearby support just $300 below current spot price.

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

The stablecoin #ecosystem felt an immediate effect as USD Coin (USDC) depegged from the U.S. dollar due to a #subsequent sell-off after Silicon Valley Bank (SVB) did not process $3.3 billion of Circle’s $40 million transfer request

That includes the #announcement last week that Silvergate, a crypto-friendly bank, was closing its doors, followed by regulators' #subsequent takeover of Signature Bank and Silicon Valley Bank.

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

along with their #subsequent transferees, and that ongoing efforts are “expected to result in the further #identification of assets, liabilities and transfers.”

On Apr. 4, 2022, Cobie #transferred the prize money and principal, worth $22 million in stablecoins, to winners GCR and Algod via FTX. The #subsequent flow of funds is unclear.