Politico
•79% Informative
The American crypto industry is running out of crypto-friendly U.S. banks.
The potential for crypto-sector customers to create volatility in a bank’s deposit levels is likely to attract renewed scrutiny.
The Federal Reserve announced a July launch for its FedNOW instant payment system, which is designed to let users send payments between bank accounts.
Tether, the “bad boy” of stablecoins, is at it again.
$3 billion worth in a single day, bringing its market cap to roughly $74 billion.
At one point Tether was trading at a premium to the dollar.
At this rate, Tether may have to change its name to Teflon.
The federal government's swift action on SVB has not exactly quelled the sector’s complaints of persecution.
Some claim that the bailout’ itself was targeted to kill off the crypto industry.
The sector is angry at the Federal Reserve for raising interest rates.
VR Score
78
Informative language
75
Neutral language
59
Article tone
formal
Language
English
Language complexity
49
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not offensive
Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
short-lived
External references
17
Source diversity
10
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