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“When news broke that Circle’s funds were stuck in Silicon Valley Bank, users rushed to redeem their USDC for USD,” Ignas said. “On Coinbase, users could redeem 1 USDC for $1.00, but Coinbase suspended conversions over the weekend when banks are closed, which worsened the situation, leaving traders with no option but to liquidate holdings in the spot market.”
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Bitcoin (BTC) $ 107,189.00
Ethereum (ETH) $ 2,428.10
Tether (USDT) $ 1.00
XRP (XRP) $ 2.11
BNB (BNB) $ 645.80
Solana (SOL) $ 142.63
USDC (USDC) $ 0.999899
TRON (TRX) $ 0.271581
Dogecoin (DOGE) $ 0.159859
Lido Staked Ether (STETH) $ 2,425.82
Cardano (ADA) $ 0.552810
Wrapped Bitcoin (WBTC) $ 107,127.00
Hyperliquid (HYPE) $ 36.79
Wrapped stETH (WSTETH) $ 2,932.63
Bitcoin Cash (BCH) $ 491.96
Sui (SUI) $ 2.61
Chainlink (LINK) $ 13.05
LEO Token (LEO) $ 9.01
Stellar (XLM) $ 0.234577
Avalanche (AVAX) $ 17.22
USDS (USDS) $ 0.999681
Toncoin (TON) $ 2.80
WhiteBIT Coin (WBT) $ 47.57
Shiba Inu (SHIB) $ 0.000011
WETH (WETH) $ 2,426.97
Litecoin (LTC) $ 84.36
Wrapped eETH (WEETH) $ 2,599.79
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999978
Hedera (HBAR) $ 0.143141
Monero (XMR) $ 314.84
Ethena USDe (USDE) $ 0.999923
Bitget Token (BGB) $ 4.48
Polkadot (DOT) $ 3.30
Coinbase Wrapped BTC (CBBTC) $ 107,137.00
Pi Network (PI) $ 0.553739
Uniswap (UNI) $ 6.82
Pepe (PEPE) $ 0.000009
Aave (AAVE) $ 252.10
Dai (DAI) $ 0.999703
Ethena Staked USDe (SUSDE) $ 1.18
Aptos (APT) $ 4.72
OKB (OKB) $ 49.98
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Bittensor (TAO) $ 318.95
Jito Staked SOL (JITOSOL) $ 172.86
Internet Computer (ICP) $ 4.71
NEAR Protocol (NEAR) $ 2.04
Cronos (CRO) $ 0.080370
Ethereum Classic (ETC) $ 16.15
sUSDS (SUSDS) $ 1.06Bitcoin (BTC) $ 107,189.00Ethereum (ETH) $ 2,428.10Tether (USDT) $ 1.00XRP (XRP) $ 2.11BNB (BNB) $ 645.80Solana (SOL) $ 142.63USDC (USDC) $ 0.999899TRON (TRX) $ 0.271581Dogecoin (DOGE) $ 0.159859Lido Staked Ether (STETH) $ 2,425.82Cardano (ADA) $ 0.552810Wrapped Bitcoin (WBTC) $ 107,127.00Hyperliquid (HYPE) $ 36.79Wrapped stETH (WSTETH) $ 2,932.63Bitcoin Cash (BCH) $ 491.96Sui (SUI) $ 2.61Chainlink (LINK) $ 13.05LEO Token (LEO) $ 9.01Stellar (XLM) $ 0.234577Avalanche (AVAX) $ 17.22USDS (USDS) $ 0.999681Toncoin (TON) $ 2.80WhiteBIT Coin (WBT) $ 47.57Shiba Inu (SHIB) $ 0.000011WETH (WETH) $ 2,426.97Litecoin (LTC) $ 84.36Wrapped eETH (WEETH) $ 2,599.79Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999978Hedera (HBAR) $ 0.143141Monero (XMR) $ 314.84Ethena USDe (USDE) $ 0.999923Bitget Token (BGB) $ 4.48Polkadot (DOT) $ 3.30Coinbase Wrapped BTC (CBBTC) $ 107,137.00Pi Network (PI) $ 0.553739Uniswap (UNI) $ 6.82Pepe (PEPE) $ 0.000009Aave (AAVE) $ 252.10Dai (DAI) $ 0.999703Ethena Staked USDe (SUSDE) $ 1.18Aptos (APT) $ 4.72OKB (OKB) $ 49.98BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00Bittensor (TAO) $ 318.95Jito Staked SOL (JITOSOL) $ 172.86Internet Computer (ICP) $ 4.71NEAR Protocol (NEAR) $ 2.04Cronos (CRO) $ 0.080370Ethereum Classic (ETC) $ 16.15sUSDS (SUSDS) $ 1.06
