The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB’s British arm. Read More

Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the last week. Read More

The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues. Read More

In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations. Read More

Positive developments concerning Circle’s $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg. Read More

Cybersecurity firm Imperva found a vulnerability that could be used to leak user information such as email addresses and phone numbers, which has now been patched. Read More

United States President Joe Biden said on Twitter that he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.” Read More

Nissan has recently filed four new Web3 trademarks for its Infiniti, Nismo and Nissan brands. Read More

With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem. Read More