The current banking crisis would not have been possible in the decentralized crypto asset ecosystem, added CathieDWood the ARKInvest CEO. Catch up on more memorable quotes from last week on our Hodler's Digest:
showed BTC/USD hitting $27,025 on Bitstamp before consolidating. A catalyst for fresh upside had come overnight in the form of the Federal Reserve’s balance sheet data, which showed almost $300 billion being injected into the economy as part of the banking crisis response.
Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, eyed specific levels up and down. “Chopperino land on Bitcoin, which means that we’ll probably have some sideways structures,” he wrote on Twitter. “Needs to hold $26K. If that holds, $28–30K is next. If it loses $26K, I’m punting around $25K for some longs. Relatively easy to understand.”Lending protocol Eurler Finance faced
a flash loan attack on March 13. The exploiter carried out multiple transactions, stealing nearly $196 million in stablecoins DAI and USDC, as well as staked Ether and wrapped Bitcoin. The attack was dubbed the largest hack of 2023 so far. A portion of the stolen funds started to be transferred to crypto mixer Tornado Cash shortly after a $1 million bounty was launched to identify the hacker.
has seized assets of cryptocurrency mixer ChipMixer worth $46 million for its alleged involvement in money-laundering activities. ChipMixer’s website has been shut down and four servers hosting the application have been seized. Europol claims that ChipMixer has laundered over 152,000 BTC since its inception in 2017.is reportedly investigating the collapse of the TerraClassicUSD stablecoin, which contributed to a $40 billion wipeout in the Terra ecosystem last May.
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