Ethereum has reportedly generated a profit of approximately $11 million today, marking its highest profit since the last eight months.

This is believed to be the result of heavy swaps and purchases from whales and smart money investors in last few days due to Circle (USDC)/stablecoins concerns.

Approx. 500k $ETH outflows from Exchanges today..

Ripple CEO confirms the company had an undisclosed amount of cash in Silicon Valley Bank $SIVB | $XRP

Fed to Make Additional Funding Available to Banks: BBG

*US SAYS SIGNATURE BANK CLOSED TODAY BY STATE AUTHORITY

Russia's Federal Financial Supervisory Service chief: Russia's cryptocurrency trading volume is approaching $13 billion

USDC and DAI both rebounded above $0.98

new list; top losers are now Signature Bank, First Republic, Charles Schwab...

March 12 2020 crypto industry almost collapsed
March 13 2023 crypto industry is set for a rebirth

The BTC-USDC trading pair on Binance Spiked to $50,000 at around 7:00 this morning

macro and Unlocks Calender pinned; Save!!

us2y

pre-market

SCHWAB: >80% OF TOTAL DEPOSITS FALL WITHIN FDIC INSURANCE

Be careful with current pricing, as the recent movement of $ETH has been led by the market makers and smart funds due to large swaps and buying of $ETH stemming from concerns about the risk of $USDC stablecoin.

Meanwhile, regional banks are down in pre-market trading, the S&P 500 is down 1.5%, and the VIX is up 9.5%