June 23 (Cointime) - According to documents from the Federal Deposit Insurance Corporation (FDIC), Circle, the issuer of the USDC stablecoin, was the top depositor at Silicon Valley Bank with the help of a government-backed guarantee.

June 16 (Cointime) - Goldman Sachs is under investigation by the Federal Reserve and Securities and Exchange Commission (SEC) for its involvement in the purchase of Silicon Valley Bank's securities portfolio before the bank's collapse.

Breaking: 2nd largest collapse in American history. Silicon Valley Bank Goes Bust - How Will This Affect Your Crypto Investments? 🧵👇 1/ I will break it down into: 1️⃣About SVB 2️⃣What happened 3️⃣Crypto firms involved 4️⃣Era of startup turmoilThreading on the Edge is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Before SVB Financial Group bondholders can collect the billions they are owed, the bankrupt company may have to file a claim with the Federal Deposit Insurance Corp. to recover $2 billion worth of deposits trapped by the receivership of Silicon Valley Bank.

Goldman Sachs Group Inc.’s role in Silicon Valley Bank’s attempt to raise funds in March is under review by US governmental agencies, which are looking into the failed transaction that helped push the US regional-banking system into turmoil.

Wells Fargo & Co. Chief Executive Officer Charlie Scharf said US banks such as his shouldn’t be required to “unconditionally” cover the failures of other financial institutions.

Silicon Valley executive Bob Lee, who was stabbed to death in San Francisco last month, had cocaine, ketamine and alcohol in his body when he died, according to an autopsy report released by the city medical examiner’s office.

Democratic presidential candidate Robert F. Kennedy Jr. criticized what he called a “war on crypto” following earlier remarks he made opposing a U.S. central bank digital currency, or CBDC.

The Federal Reserve and the FDIC published reports on Friday concerning the fall of the second and third-largest U.S. bank failures in history.

Silicon Valley Bank's former owner may need to take out a bankruptcy loan amid uncertainty about the U.S. Federal Deposit Insurance Company's seizure of $2 billion in cash from the company, its attorney said Wednesday.