Circle, creator of the world’s second-largest stablecoin USDC, will transfer its $3.3 billion in cash held at collapsed Silicon Valley Bank to BNY Mellon on Monday, once the funds become available, CEO Jeremy Allaire tweeted Sunday. 

‘If anyone here commits act of violence, you will be awarded the Oscar for best actor, and be permitted to give a 19-minute long speech’

Major cryptocurrencies rallied Sunday, as the Federal Reserve announced a new emergency loan program for banks after Silicon Valley Bank and Silvegate Bank both collapsed in the past few days. 

U.S. financial regulators on Sunday said Silicon Valley Bank customers would have access to all their money on Monday, days after the bank failed.

State authorities closed New York-based Signature Bank on Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis.

The Federal Reserve on Sunday set up a new emergency loan program to bolster the banking system.

Full text of U.S. financial regulators’ statement on Silicon Valley Bank and Signature Bank.

Did the Federal Reserve’s rapid interest-rate hikes cause the collapse of Silicon Valley Bank? The debate rages on Twitter.

‘Interest rates go up and they go down,’ the California Democrat said. ‘You can’t bet on them staying low forever.’

Traders cheer a deal that makes Silicon Valley Bank depositors whole. Investors are still sifting the fallout from the 2nd-largest bank collapse in U.S. history.