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Top my24group.com News
Stablecoin USDC breaks dollar peg after revealing US$3.3 billion Silicon Valley Bank exposure
Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday. Circle, the US firm behind the coin, revealed some of the reserves backing it were held at Silicon Valley Bank. Circle has $3.3 billion of its $40 billion of USDC reserves at collapsed lender, the company said in a tweet Friday. Silicon Valley bank collapsed on Friday in the largest US bank failure since the 2008 financial crisis.See the Story
46% Center coverage: 13 sources
Michelle Obama · Washington
Michelle Obama, Amal Clooney, Melinda French Gates collaborate on anti-child marriage op-ed
Former first lady Michelle Obama, human rights attorney Amal Cooney and philanthropist Melinda French Gates advocated for ways to end child marriage in an op-ed on Wednesday. In their Time Magazine post, the three woman explained that about 12 million girls in the world annually face a situation where they could be forced into marriage. The group wrote that they are focusing on three actions to try to reduce the number of child marriages and eventually eliminate them.See the Story
50% Left coverage: 6 sources
Warenhauskette: Galeria Karstadt Kaufhof will offenbar 52 Filialen schließen
Warenhauskette Galeria Karstadt Kaufhof muss 52 von 129 Filialen schlie�en. Auch in Berlin sind zwei Warenh�user von den Schlie�ungen betroffen. In der Bezirkspolitik wird deshalb seit geraumer Zeit eine Nachnutzung des Geb�udes diskutiert.See the Story
67% Right coverage: 3 sources
Latest News Stories
Politics · Washington
Mace doesn’t support a bailout for Silicon Valley Bank
Treasury Secretary Janet Yellen says government will not bail out Silicon Valley Bank. No plan had been announced on Sunday afternoon with hours to go until Asian markets opened. There are fears that some workers across the country won't receive their paychecks. Yellen described rising interest rates, which have been increased by the Federal Reserve to combat inflation.See the Story
55% Center coverage: 57 sources
Business · Seoul
How Kakao won a takeover battle against HYBE for K-pop pioneer SM Entertainment
HYBE Co Ltd., the management agency of K-pop super group BTS, on Sunday said it will stop its efforts to acquire rival SM Entertainment. Kakao said it will "continue its tender offer bid until the 26th to secure a further stake and work on the details of business cooperation between HYBE and SM"See the Story
47% Center coverage: 15 sources
Business · California
Regulators shut down Silicon Valley Bank in the biggest bank collapse in years
A California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver, according to the agency’s statement.See the Story
50% Center coverage: 239 sources
Elon Musk · Houston
Elon Musk Is Planning to Build His Own Town
“Elon Musk is planning to build his own town on part of thousands of acres of newly purchased pasture and farmland outside the Texas capital, according to deeds and other land records and people familiar with the project,” the Wall Street Journal reports.See the Story
34% Center coverage: 33 sources
Ohio Train Derailment · Washington
Norfolk Southern CEO to apologize before US Senate for Ohio derailment
The chief executive of one of the nation’s largest railroads is coming to a Senate hearing with an apology and a commitment to send millions of dollars to the village on the Ohio-Pennsylvania border disrupted by a fiery derailment as senators investigate railway safety and the Biden administration’s response to the disaster.See the Story
68% Center coverage: 119 sources