As a platform that combines the advantages of DeFi and NFTs, BEBE provides users with a rich array of digital experiences and infinite possibilities.

 

One of BEBE's advantages lies in its openness and sharing. As a community-driven platform, BEBE has attracted global attention and participation. Whether creators, investors, or artists, everyone can find their place on BEBE, achieving personal value and the goal of community development.

 

By integrating the advantages of DeFi and NFTs, BEBE brings users diverse digital experiences. Through DeFi technology, users can participate in various financial activities, increase asset value, and facilitate transactions. Meanwhile, through NFT technology, users can create, trade, and collect unique digital assets, experiencing unprecedented artistic and entertainment fun.

 

Looking forward to BEBE's launch on Hotcoin, as a vibrant and creative digital world, BEBE will surely bring more digital surprises and experiences to global users!

India's Supreme Court has refused to consider a public interest lawsuit (PIL) aimed at establishing regulations and guidance frameworks for cryptocurrency transactions in India.

According to reports, judges led by India's Chief Justice (CJI) stated after hearing the appeal that the petitioners' demands were more legislative in nature.

Given the nature of the petition, judges JD Pardiwala and Manoj Misra rejected the request.

The Supreme Court noted that although the petitioners submitted a PIL calling for regulation and guidance on cryptocurrency and its transactions, their ultimate goal was to obtain bail.

W3BDAO has officially announced its launch, ushering in a new era that leads users from Web2.0 to the boundless world of Web3.0. Through its unique nodes W3BDAO offers a simple and direct way for participants worldwide to seamlessly integrate into the Web3.0 ecosystem, enjoying the technological dividends and economic opportunities that come with it.

This opportunity is more than just participation; it marks a historic turning point. W3BDAO promises a revolutionary economic model and robust community support, poised to become a leader in the Web3.0 domain and propel the entire ecosystem forward.

With the official launch of W3BDAO, we are stepping into the golden age of Web3.0, where every visionary participant can find their opportunity. Now, with this historic opportunity before us, let's witness together how W3BDAO will shine brilliantly in the new era of Web3.0.

AiStrat's Intelligent Quantitative Trading Investment will officially launch at 00:00 GMT-4 on August 1, 2023. This is a crucial step towards providing the most advanced and efficient trading solutions for the blockchain sector. With this launch, users will be able to customize their participation based on their preferences, presenting an excellent opportunity for increasing returns and multiplying wealth. AiStrat firmly believes in the transformative power of AI technology in the world of trading, with the goal of providing robust, efficient, and profitable trading solutions. AiStrat warmly invites all users to take part in this and looks forward to embarking on this exciting new journey together. Invest wisely, multiply your wealth, and let us redefine the future of trading together!

FintraDAO is a blockchain project revolutionizing decentralized finance (DeFi) with its innovative financial solutions. At its core, the project's native token, FDC, empowers users to actively participate in community governance and decision-making processes, while enjoying a range of rewarding mechanisms.

Within the FintraDAO ecosystem, Trade GDT stands as a cutting-edge smart trading technology, enabling seamless, secure, and efficient transactions using the power of blockchain. By leveraging smart contracts and advanced blockchain algorithms, Trade GDT ensures the highest standards of transaction security and reliability.

As a Web3-powered project, FintraDAO is at the forefront of the blockchain revolution, delivering unparalleled financial solutions and establishing a trusted, decentralized trading platform. Join us in shaping the future of finance. For more details, reach out to our official team at hello@fintradao.io.

First Citizens Bank acquires Silicon Valley Bank (SVB) for $500 million. The crypto-friendly Silicon Valley Bank bank was worth $40 billion a year ago, now it’s acquired at a 99% discount. First Citizens BancShares will take over $119 billion in deposits.

 

First Citizens BankShares holding company of First Citizens Bank was in advance talks to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp (FDIC) on Monday. The news of First Citizens acquiring SVB calmed investors’ concerns about the credit crunch and broader systemic banking crisis.

 

The 17 Silicon Valley Bridge Bank, National Association branches will open as First–Citizens Bank & Trust Company on March 27, 2023, FDIC revealed in a new release. The FDIC also said First Citizens Bank & Trust Co will buy all of Silicon Valley Bank‘s deposits and loans from the FDIC.

 

Silicon Valley Bridge Bank had approximately $167 billion in total assets and about $119 billion in total deposits by March 10. The acquisition includes the purchase of about $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion. Moreover, the FDIC will continue to remain a receiver of $90 billion in securities and other assets.

 

According to the FDIC, the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund (DIF) is nearly $20 billion. The exact cost will be revealed after the termination of the FDIC receivership.

 

Meanwhile, Bitcoin liquidity has dropped to a 10-month low. The liquidity represents how easy it is to buy and sell cryptocurrency. While the Bitcoin price has increased by over 70% since the beginning of the year, the current banking crisis, inflationary pressure, and uncertain macro environment resist BTC price at $28,000.

The total value locked in decentralized protocols on Ethereum’s popular layer-2 scaling solution – Arbitrum – is soaring. This comes shortly after the protocol released its much-anticipated ARB token through an airdrop to early adopters.

 

Data from DeFi Llama shows that the total locked value (TVL) in Arbitrum is up more than 22% during the past seven days alone. With this, Arbitrum is currently the fourth-largest network by means of TVL, with $2.18 billion, sitting right after Ethereum, Tron, and the BNB Chain. It also accounts for roughly 4.43% of the total value locked across all blockchains.

 

The ARB token itself is a governance tool, and the team distributed 11.62% of its total supply to early adopters who completed various tasks over the past years. In addition, 1.13% went to decentralized autonomous organizations (DAOs) that helped build applications on Arbitrum. At the time of this writing, ARB is trading at around $1.28 with a market capitalization of $1.62 billion, making it the 39th largest cryptocurrency by that metric.

Gucci is strengthening its relationship with Web3. On Monday, the luxury brand announced a multi-year partnership with Yuga Labs, the Web3 company behind several well-known NFT collections, including Bored Ape Yacht Club, Cryptopunks, Mebits, and Narrative NFT Project 10KTF.

 

It also runs the Otherside, a bored app-themed virtual world and game. The deal is meant to increase engagement between each company’s communities “by exploring the intersection between fashion and entertainment in the metaverse,” they said in a release.