The Banks Are Breaking

All things crypto and web3 in one scroll

March 15, 2023

Welcome to the Crypto Scroll. Get caught up on all web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to. Powered by The Drop.

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  • Signature Bank was shut down in part to "attack the digital asset industry" (DT)

  • Binance is converting $1B worth of BUSD to BTC, ETH and other tokens (CD)

  • Crypto is looking for a new bank after multiple collapses (PYMTNS)

  • Coinbase, Paxos, and Circle are just a few of many major firms with funds in SVB (F)

  • Decentralized Exchanges (DEX's) Curve Finance and Uniswap see record transaction volumes, $6B and $8.8B respectively, after USDC depegged USD (DT)

  • Crypto market sees resiliency during recent bank collapses, soaring 8% this week (YAHOO)

Bitcoin Chart Below

  • Toronto-based BitValue Capital establishes a $100M comprehensive web3 fund (FINS)

  • J.P. Morgan Payments leads Tilia's $22M round for digital payment platform (FINS)

  • Upstream valued at $80M after $12.5M Series A from top tier VC funds (F)

  • Matrix Partners leads $7M seed round for web3 art platform, Wild (CCU)

  • Game publisher Jungle raises $6M for mobile NFT game (DT)

  • Capsule emerges from Stealth, graduating from a16z's 'Crypto Startup School' and additional funding from Geometry (BLOCK)

  • Biden assures banking system is safe (TB)

  • State regulators take control of Signature Bank, guarantee deposits (TB)

  • India's crypto industry is getting engagement from lawmakers (CD)

  • Terra stablecoin (USDT) founder is reportedly under investigation from Department Of Justice (WSJ)

  • United Kingdom has a plan to keep tech companies alive after SVB crash (CPOL)

  • Euler Finance drained of $197M in flash loan exploit (DECRYPT)

  • Dogecoin had a bug patched but it is still on 280 blockchains (CD)

  • CYPFER, leading international security firm, is now the security advisor for web3 gaming & technology company, Subnation (PRN)

  • Educational collaborations & efforts are key to web3 adoption & security (ET)

  • One of Australia's 'Big Four' Banks completes first intra-bank cross-border transaction using own Ethereum-based stablecoin (BW)

  • Consensys execs argue in favor of ETH staking (BW)

  • Lido launches stETH on Polygon (TD

  • Circle's new banking partner (BW)

  • Pokemon in web3 (NFTEVENING)

  • Meta no longer supporting NFTs on Instagram (CD)

  • Epic Games says gamers are using and enjoying crypto games (KOTAKU)

  • Bitcoin spikes 10% after Jim Cramer urged investors to dump Bitcoin (@thecryptoscroll)

  • Nissan files trademarks for NFT and Metaverse uses (NFTG)

  • A16Z's newest crypto startup, Capsule, is changing wallet infrastructure (@usecapsule)

  • Something is fishy about the collapse of Silvergate, Signature, and Silicon Valley Banks (CD)

  • Sam Altman's newest venture 'World Coin' is something worth paying attention to for identity, currency, and payments (TC)

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