JUST IN: FDIC says it will pay uninsured depositors at Silicon Valley Bank $SIVB a percentage of their deposits as an "advance dividend."

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JUST IN: Binance to add Bitcoin, Ethereum, & BNB trading pairs tied to $USDC.

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JUST IN: 🇺🇸 Federal Reserve considering creating a fund to backstop deposits if more banks fail.

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JUST IN: Silicon Valley Bank $SIVB CEO delivers message to employees.

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JUST IN: Circle $USDC says it will cover any missing liquidity in Silicon Valley Bank using corporate funds.

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JUST IN: Binance CEO says it "feels like there is a coordinated effort to shutdown crypto friendly banks."

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JUST IN: Shiba Inu $SHIB launches decentralized blockchain beta called Shibarium.

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JUST IN: 🇬🇧 Bank of England to place Silicon Valley Bank UK into insolvency procedure.

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JUST IN: Silicon Valley Bank $SIVB Chief Administrative Officer served as Lehman Brother’s CFO prior to joining the bank.

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JUST IN: Gemini dollar $GUSD depegged and is now trading at $0.96

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JUST IN: Robinhood suspends $USDC trading and deposits.

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BREAKING: Circle $USDC stablecoin falls under $0.90

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JUST IN: Crypto stablecoins $USDC, $DAI, and $USDD all trading under $0.95

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JUST IN: Circle $USDC depegged and is now trading at $0.95

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JUST IN: Coinbase temporarily pauses $USDC to USD conversions.

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BREAKING: Circle confirms $3.3 billion of the ~$40 billion $USDC reserves are in collapsed Silicon Valley Bank.

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JUST IN: Elon Musk says he's "open to the idea" of Twitter buying Silicon Valley Bank and making it a digital bank.

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JUST IN: President and CEO of collapsed Silicon Valley Bank Greg Becker was a Class A director at the San Francisco Federal Reserve, Reuters reports.

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JUST IN: Binance temporarily suspends auto-conversion of $USDC to $BUSD, citing market conditions and high inflows.

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JUST IN: Nearly 50% of all venture capital-backed startups in the US had exposure to Silicon Valley Bank $SIVB.

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