Whirlwind weekend for USDC
Wow, what an absolute wild weekend. Banks closing, government saving depositors. USDC gets unpegged and then restores peg. Concerns over stables. Silicon Valley Bank shuts down. President Biden talks about helping Silicon Valley Bank.
Welcome to Daily Digest. We surface trending news in crypto based on conversations found on Twitter, news publications, blog posts, and other social media, powered by the Coinfeeds platform.
Below are some of the top sentiment changers and news
Projects Sentiment Rankings:
Top
These are the top of mind coins today for crypto twitter.
This is the ranking snapshot at time of writing. It is updated hourly on the Twitter sentiment ranking page
Bottom
These are the most negative coins today on crypto twitter.
KuCoin getting sued by SEC
Questions grew over the weekend about Coti’s stablecoin, DJED
Projects Sentiment Movers:
Big sentiment moves alway have news behind it, here’s the biggest movers and why. Here is how we find these movers.
USDC (+266): Over the weekend, Circle announced that USDC reserves are 100% safe and secure
Uniswap (+123): Recorded life time high trading volumes over the weekend
Rocket Pool (+121): Latest MakerDAO governance decreased the Stability Fee for Rocket Pool, making it lower costs of borrowing and more staking rewards
These are a few of the top sentiment movers for yesterday. To see all of the sentiment movers click the links above
Trending from yesterday 👍
News
Here’s the trending news items over the last 24 hours. If you’d like to see even more updated news, you can also find trending tweets updated hourly, and trending news updated in real time on our website.
Euler suffered an attack this morning losing roughly $9M
There were growing concerns and depegging of USDC over the weekend. It got down as low as $0.85 over the weekend. Circle CEO put some worries to rest
PUMP THE COINS AND THE BANKS
In record time and after receiving their shut down notice from the FDIC on Friday, all SVB customers will have access to their deposits today
Attack on crypto from the US government remains on full force
There was a lot of misinformation coming out about SVB, here’s a great thread on what happened and how they got to where they did.
