Shytoshi Kusama, the lead developer of the second largest meme coin by market capitalization announced the launch of the public beta of the layer-2 scaling solution. Shiba Inu price started a recovery post the announcement of Shibarium’s launch.
Cryptocurrency exchanges with the largest trade volume, Binance and Coinbase have reacted to Circle’s stablecoin USDC depeg. USDC dropped from its $1 parity and hit $0.88 at press time.
Bitcoin price suffered a drawdown in response to the collapse of Silicon Valley Bank. BTC dropped to a five-week low, nosediving below the psychological barrier of $20,000.