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#Bitcoin exchange deposits hit a three-year low, while exchange withdrawals are starting to outpace deposits for the first time since SVB collapse.

Yesterday, saw the third largest outflow of the year in #Bitcoin, $280m or roughly 10k #BTC. The three largest outflows have all occurred after the #SVB collapse.

First Citizens Bank to buy SVB's deposits, loans from FDIChttps://foxdeo.com/RiBe.tnk

The @FDICgov has finalized a deal worth $55.5 billion with @firstcitizens for Silicon Valley Bank's deposits and loans. All SVB branches will re-brand as of Monday. @thesamreynolds reportshttps://foxdeo.com/JiBe.tnk

The Federal Deposit Insurance Corp. says it has agreed on the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. The sale involves the sale of all deposits and loans of SVB to First-Citizens.https://foxdeo.com/8iBe.tnk