Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

MKR Sees Green as Regulators Move To Restore Deposits at Failed SVB

In response to recent developments, Maker’s [MKR] price experienced a substantial increase of nearly 30% in the last 24 hours.

This surge followed the announcement by Federal regulators to fully restore all deposits at failed Silicon Valley Bank (SVB). Additionally, fintech company Circle made a statement to cover any of its stablecoin USDC reserves, which further bolstered market confidence. 

MKR’s price had seen only double-digit declines for most of the weekend prior to these announcements.

Further, these announcements have also helped drive up the values of de-pegged stablecoins DAI and USDC. At press time, both coins traded at $0.99 and aimed at reclaiming their $1 peg before the end of trading today, per data from CoinMarketCap.

SVB
Comments

All Comments

Recommended for you

  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16

  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others

  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.

  • Cointime February 3 News Express

    1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions

  • Cointime January 14 News Express

    1.Digital asset protocol Metaplex will list its Solana inscription on January 162.Investment bank TD Cowen: The U.S. SEC will not approve an Ethereum spot ETF in the short term3.Binance, Kraken and other nine trading platforms have been removed from Google App Store in India4.Barclays economists advance forecast for Fed rate cut to start from June to March5.The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the company is cooperating with law enforcement agencies for

  • Cointime January 7th News Express

    1.Ordinals’ cumulative fee income exceeds 5,400 BTC

  • Cointime December 31st News Express

    1.Linea mainnet has crossed 305,685 ETH

  • Cointime December 24 News Express

    1.RTFKT will launch the Animus project in Q1 2024

  • Cointime December 23 News Express

    1.The U.S. SEC requires Bitcoin spot ETF issuers to confirm authorized participant information in the next update application

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company