Prominent crypto bank Silvergate enters controlled liquidation, and crypto prices take a tumble. Get up to date on a U.S. heavy news week in our Friday Focus below.
Preview
Top Stories
- Crypto Bank Silvergate To Shut Down in Face of Market Turmoil- U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms- Sillicon Valley Bank Facing Capital Shortage
The market sees $665m in liquidations over the past 24 hours. Silvergate quickly settles its case with the SEC. In Trending Topics, we look at Circle becoming fully MiCA-compliant, and a U.S. judge deeming some alts to be commodities.lg...more