Twitter Briefly Suspends Official Arbitrum Account

Twitter’s reasoning remained unclear at press time.Source

Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows

Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.Source

First Citizens to Buy Silicon Valley Bank: Bloomberg

Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT.Source

ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day

Cathy Wood’s fund bought COIN and SQ on Thursday and Friday last week after Coinbase tumbled on getting hit with a Wells Notice and Block took a hit following a short-seller’s report.Source

First Mover Asia: Bitcoin Is Ready for a Consolidation Phase

ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders current caution, but at least one analyst is optimistic that the situation will change.Source

Where the U.S. Government Went Wrong in Regulating Crypto

Former public policy attorney Keiko Yoshino writes about why she started paying attention to crypto, particularly the regulatory missteps.Source

Euler Finance Hacker Sends 51,000 Stolen Ether Back to Protocol

EUL tokens jumped 47% on the transfer of tokens.Source

Bitcoin Was a Winner During the U.S. Banking Crisis, but Illiquidity Prevents It From Being a USD Hedge

While capital flowed into bitcoin amid a period of uncertainty, the cryptocurrency’s fractured liquidity arguably played the largest role in its surge.Source

The UK Has Created Crypto Banking Problems

U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.Source

Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

Coinbase’s former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents.Source