Risks

According to reports, a few days after the US federal government stepped in to protect the now defunct Silicon Valley bank depositors, Jeremy Allaire, the CEO of Circle, said in an interview with CNBC that although the USDC had resumed anchoring, the banking system risks had not completely disappeared. He explained that the risks of the broader impact on the US financial system appeared to be systemic, and I do not believe that these risks had completely dissipated at this time. Circle will protect itself by reducing bank deposits. From the perspective of Circle, the main preventive measure is to ensure that we are exposed to the hidden risks in the partial reserve banking system as little as possible. （dailyhodl） Circle CEO: Will protect themselves by reducing bank deposits Analysis based on this information:In a recent interview with CNBC, Jeremy Allaire, the CEO of Circle, expressed his concern about the banking system risks in the United States, despite the resumption…

It is reported that the International Monetary Fund (IMF) has warned G20 countries that the widespread use of encrypted assets may cause banks to lose deposits and reduce loans. The report said: “The widespread use of encrypted assets has brought huge risks to the effectiveness of monetary policy, exchange rate management, capital flow management measures and fiscal sustainability. In addition, central bank reserves and the global financial safety net may need to be changed, resulting in potential instability. Finally, banks may lose deposits and have to reduce lending.” The report also pointed out that, “Although the importance and relevance of specific risks vary from country to country, there are many risks in encryption assets.” However, despite the “significant risks, encryption assets have developed technologies that can be used by the public sector to achieve their own policy objectives”. IMF: The widespread use of cryptocurrency may cause banks to lose deposits and reduce loans Analysis based on this information:The International Monetary…

According to the report, the loan agreement Aave said that in view of the current fluctuations around the stable currency, the Aave DAO has frozen USDC, USDT, …

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…

According to reports, Federal Reserve Chairman Powell said that we are paying attention to the cryptocurrency sector because it is highly volatile. We have see…

According to reports, Moody\’s, the rating agency, downgraded the long-term issuer rating of Silvergate, the US cryptocurrency bank, from B3 to Ca, and downgrad…

21:00-7:00 Key words: Goerli, Mt.Gox, EIP-4844, Crypto435, Coinbase

Overview of important developments overnight on March 1

Interpretation of the …

7:00-12:00 Key words: Chairman of the US SEC, Arbitrum, Coinbase, Blur, Hua Weiyun

Summary of important developments at noon on February 27

Interp…

It is reported that the governor of the Central Bank of India said that the main risks of cryptocurrency are now widely recognized.

Governor of the Cen…

It is reported that the Federal Reserve issued a new statement on Thursday (February 23) local time to remind banks of the inherent risks of cryptocurrency and…