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USDC Loses its USD Peg
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. 
Atomic mining: the future is here!
A bitcoin mining operation powered entirely by "green" nuclear energy has just launched in Pennsylvania. TeraWulf has announced that it will be using the Susquehanna nuclear power station to mine BTC.
The key details about the project:
Nuclear power station capacity – 2.5 GW.
Fixed cost of electricity – $0.02 per kWh for five years.
Planned load – 50,000 mining rigs, 160 MW.
Actual load at present – 8,000 mining rigs.
Computing power – 5.5 EH/s.
With such a low electricity rate, this project promises to be highly profitable even in a bear market. Indeed, it's a far cry from mining BTC in a school's crawlspace! 
Biden Rushes to the Rescue!
President Joe Biden has personally promised to hold Silicon Valley Bank and Signature Bank accountable for any bankruptcy they may face, ensuring Americans that their deposits are safe.
"The American people and American businesses can have confidence that their bank deposits will be there when they need them," he tweeted.
We're eagerly waiting for more details on this matter! 
FTX exchange. Is the patient more dead than alive?
In an attempt to save their company from bankruptcy, the FTX team plans to increase the salaries of their best coders and accountants with "unique knowledge and skills." The bonuses will range from 17 to 94%. There is a total of $4 million in the talent support fund. 
Token and cryptocurrency functions you need to know
There are different ways to classify tokens and cryptocurrencies, but it's most useful to group them by the functions they perform. This will help you understand the value of each type, which is an essential factor when deciding which crypto asset to invest in. 