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Bitcoin bulls slowly claw back lost ground on the road to a $30,000 rematch as the U.S. banking crisis lingers. Bitcoin (BTC) eyed a reclaim of further lost ground on May 5 as $30,000 remained in play.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price action rebounds from stocks slump Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked to $29,529 on Bitstamp - a new May high. The pair had dipped with United States equities at the Wall Street open the day prior, but the weakness was short lived as $29,000 support returned. Ongoing market jitters from the U.S. banking crisis, now impacting several regional banks, continued to shape observer sentiment. What are we drinking this weekend, left or right bank? pic.twitter.com/Mp2yXcI2Fa — Arthur Hayes (@CryptoHayes) May 4, 2023 “100% of all regional Banks in the United States have their stocks in the red today, for the first time ever,” crypto media account Whalewire noted on Twitter....

The bailout of Silicon Valley Bank provided a significant advantage to BTC bulls on the weekly $1.2 billion BTC options expiry. The rejection that followed Bitcoin's (BTC) rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5% since March 10, when the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB). The recent price increase could be attributed to various factors, including the extraordinary $25 billion funding by the Federal Reserve and the United States Treasury on March 12, which reduced banks' systemic risks. Nonetheless, Bitcoin bulls are well positioned to profit up to $440 million when weekly option s expire on March 17. How Silicon Valley Bank triggered a stablecoin bank run Before its downfall, SVB's total assets surpassed $200 billion, placing it among the top 20 financial institutions in the United States. Non...

Carbonplace says it will use the funds to scale its services and become the "SWIFT of carbon markets." According to a press release published on Feb. 8, Blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder Banks with a combined $9 trillion in assets under management. The Banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton. As told by Carbonplace, the company will use the investment to strengthen its platform and workforce, allowing it to scale its services to a larger client base of financial institutions and seek partnerships with other carbon market players, such as registries and stock exchanges around the world. Carbonplace has been described as the "SWIFT [Society for Worldwide Interbank Financial Telecommunicati...