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Unveiling the Sci-Fi Spectacle: NextCypher's "Deathlands" Directed by Jonathan Frakes

Jeff Garzik's production company, NextCypher, has enlisted the talents of Star Trek's Jonathan Frakes to direct an adaptation of the sci-fi novel Deathlands. Frakes, known for his role as Commander Riker on Star Trek: The Next Generation, brings his experience as a veteran director who has worked on TV shows like Star Trek: Strange New Worlds, Star Trek: Picard, and Leverage: Redemption to this project. Garzik expressed his excitement by stating that he was "incredibly humbled and blessed" to have Frakes on board. Key Points: Deathlands Adaptation: Based on a series of novels by James Axler and Jack Adrian, Deathlands follows a group of survivors navigating a post-apocalyptic world using teleportation technology. Garzik described the show as a blend of "Mad Max meets AI meets the monsters from Tremors." Refreshed Adaptation: Garzik highlighted that the TV series offers a modern take on the original post-Cold War, post-nuclear war scenario presented in

The Impact of US Bank Failures on Institutional Crypto Trading: A Deep Dive into the Ripple Effects and Challenges

tabilcoin issuer with the largest market share in North America, to lose its US banking partner. This forced Circle to move its USDC reserves to a new offshore banking partner, resulting in a disruption of its operations and a loss of trust among users.

The impact of the banking crisis on institutional crypto trading cannot be understated. The closure of Silicon Valley Bank, Signature Bank, and Silvergate left many crypto businesses without access to US dollar liquidity. This forced them to seek banking support offshore, further complicating their operations and creating additional regulatory challenges.

The decline in institutional transaction volume, as reported by Chainalysis, is a clear indicator of the fallout from the banking crisis. Transactions worth over $10 million nosedived starting in April 2023, while smaller professional and retail trading activity remained relatively constant. This suggests that larger institutional players were the ones most affected by the lack of US dollar liquidity and the closure of crypto-friendly banks.

Furthermore, the report highlights the decline in the presence of stablecoins in North America. Stablecoins, particularly USD-pegged tokens, experienced a significant loss of market share in the region between February and June. The share of crypto volume occupied by stablecoins fell from 70.3% to 48.8% during this period. The majority of stablecoin inflows to the 50 biggest crypto services shifted from US licensed services to non-US licensed services since the spring of 2023.

The banking crisis not only affected institutional crypto trading but also had a ripple effect on the stablecoin landscape. The loss of banking support for Circle USD, the largest stablecoin issuer in North America, led to a loss of trust and disrupted its operations. This, combined with the overall decline in stablecoin activity in the region, indicates a significant impact on the stability and liquidity of the crypto market.

In conclusion, the series of high-profile US bank failures in March had a profound impact on institutional crypto trading and the stablecoin landscape. The closure of crypto-friendly banks and the loss of US dollar liquidity forced many crypto businesses to seek banking support offshore. This, in turn, led to a decline in institutional transaction volume and a loss of market share for stablecoins in North America. The effects of the banking crisis are still being felt in the crypto industry, with regulatory challenges and trust issues continuing to pose obstacles to its growth and stability.


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