Hodler’s Digest, Feb. 26 – March 4 By Cointelegraph

Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4

Silvergate stock plunges after delayed filing raises doubts over future

Silvergate made headlines this week after postponing the filing of its annual 10-K financial report, raising fears of an upcoming bankruptcy filing. The collapse of the cryptocurrency bank could prove costly for the rest of the industry. Within 24 hours after the announcement, Coinbase (NASDAQ:), Circle, Bitstamp, Galaxy Digital and Paxos confirmed that they will scale back their individual partnerships with Silvergate in some capacity. MicroStrategy and joined a number of firms publicly denying any meaningful exposure to the bank. On March 2, Silvergate’s stock plummeted by over 50% on the NYSE.

FTX presentation shows massive shortfall in firms assets

Bankrupt cryptocurrency exchange FTX has revealed a massive shortfall in its digital asset and fiat currency holdings, with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US. In total, FTX recorded an $8.6 billion deficit across all wallets and accounts while FTX US recorded a deficit of $116 million. Among the week’s headlines, former FTX engineering director Nishad Singh pleaded guilty to charges of wire fraud along with wire and commodities fraud conspiracy. Singhs plea follows a number of Sam Bankman-Frieds close associates reportedly agreeing to cooperate with U.S. prosecutors in recent months.

Celsius Custody customers finally begin withdrawals 263 days after freeze

Sen. Elizabeth Warren and colleagues demand to see Binances balance sheets

Jack Dorseys decentralized Twitter rival enters app store

price slides amid Silvergate uncertainty

Bitcoin ATM decline: Over 400 machines went off the grid in under 60 days

Robinhood (NASDAQ:) subpoenaed by SEC over crypto listings and custody

Coinbase announces suspension of BUSD trading beginning March 13

Unstablecoins: Depegging, bank runs and other risks loom

Account abstraction supercharges wallets: Dummies guide

$3M OKX airdrop, 1-hour due diligence on 3AC, Binance AI Asia Express

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