Trading firms were quick to jump on the USD coin (USDC) long trade last weekend as the stablecoin, which was meant to be pegged 1:1 to the U.S. dollar, fell to as low as 87 cents on news that Circle Internet Financial, the token’s issuer, had exposure to Silicon Valley Bank, the bank that collapsed last Friday.
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FTX legal team calls for Sam Bankman-Fried’s family to answer questions...
Lawyers representing FTX in bankruptcy court have reportedly argued that former CEO Sam Bankman-Fried’s immediate family should face questioning regarding their personal wealth.According to...