First Republic Bank says it has shored up its finances with additional funding from the US Fed and JPMorgan Chase, giving the bank $70B in unused liquidity (Rachel Louise Ensign/Wall Street Journal)

Rachel Louise Ensign / Wall Street Journal:First Republic Bank says it has shored up its finances with additional funding from the US Fed and JPMorgan Chase, giving the bank $70B in unused liquidity  —  Fresh funding gives the bank $70 billion in unused liquidity  —  First Republic Bank FRC -14.84%decrease; […]

Worried that cloud giants offer concentrated targets, the US plans to regulate the security practices of cloud providers like Amazon, Microsoft, and Google (John Sakellariadis/Politico)

John Sakellariadis / Politico:Worried that cloud giants offer concentrated targets, the US plans to regulate the security practices of cloud providers like Amazon, Microsoft, and Google  —  Governments and businesses have spent two decades rushing to the cloud — trusting some of their most sensitive data to tech giants …

Circle’s USDC sees $1B in net redemptions since SVB’s shutdown and is slightly depegged, after Circle said SVB is one of six banks managing USDC cash reserves (Krisztian Sandor/CoinDesk)

Krisztian Sandor / CoinDesk:Circle’s USDC sees $1B in net redemptions since SVB’s shutdown and is slightly depegged, after Circle said SVB is one of six banks managing USDC cash reserves  —  Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.