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Are Web3 Developers Fleeing the US?
The US is on track to lose a whopping 1 million Web3 developer jobs and millions of related non-technical jobs over the next seven years, all thanks to its love affair with "regulation by enforcement." A recent report from Electric Capital reveals the US's global share of web3 developers has plummeted from 40% to 29% in the past six years. 
The bankrupt crypto lender has sent 150 million USDC to Circle, indicating that this amount can be eventually redeemed for US dollars.
This move is part of the company’s strategy to offload its crypto assets, despite objections from regulators that say Voyager's intention to sell its cryptocurrency may violate securities law. 
Is the crypto staking industry dead now?
The US Securities and Exchange Commission (SEC) recently fined American cryptocurrency exchange Kraken $30 million. The penalty was related to their staking services, which the SEC has now classified as the sale of securities. Could it possibly impact the industry overall? 
According to the March 2023 reserve report , a total of 8.7 billion USDC is being held in six banks. However, three of these banks – Silvergate, Signature, and Silicon Valley Bank – are currently experiencing liquidity and solvency issues. The situation is especially dire for Silicon Valley Bank, which held 3.3 billion USDC and has been forced to close by the California Department of Financial Protection and Innovation.
The USDC price has dropped by 15%, to $0.86, in response to these developments. Additionally, the DAI stablecoin has fallen by 10%, as up to 50% of its collateral is held in USDC.
Currently, US Treasury bills account for 77% of the USDC reserves. The remaining 23% is held in cash at various banking institutions. The fate of these funds will depend on the outcome of the bankruptcy process for the affected banks and the amount of funds that can be recovered. Bitcoin: The Ultimate Weapon in the Digital Cold War?
According to a new MIT masters thesis by US Space Force Major Jason Lowery, Bitcoin is not just internet money, but a weapon that could be utilized in modern warfare. In a 400-page dissertation, Lowery claims that the proof-of-work consensus mechanism presents a shift in the way world powers could wage war. 
Florida governor takes a stand against CBDCs
Governor of Florida Ron DeSantis has strongly criticized the implementation of a digital dollar in the US, particularly in Florida. Furthermore, he has initiated changes in the state's legislation, effectively banning the use of CBDCs on Florida's territory. 
Hidden Ban for American Crypto Companies
Blockchain Association, one of the largest crypto-lobbying groups in the US, has requested documents related to possible "debanking" of crypto projects. The Association began its investigation following the recent collapse of Signature Bank, Silicon Valley Bank, and Silvergate, which had close ties to the crypto industry. Bitcoin Takes a Dive: What Caused the Drop Below $20,000?
In March, the cryptocurrency market had a rough time, with the price of Bitcoin dropping below $20,000 once again. Contrary to some speculation, this drop was not due to market manipulation by so-called "market-makers" nor was it caused by the USDC depeg from the US dollar, as that happened later. So what actually caused this price drop? 
Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies.
Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits.
In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN).
Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe.