● U.S. Treasury Secretary and Federal Reserve Chairman: The banking system is resilient and the Federal Reserve is ready to provide liquidity to eligible institutions

U.S. Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell said that the banks' support for First Republic Bank's deposits proved the resilience of the banking system. The Federal Reserve is ready to provide liquidity to qualified institutions. (Jinshi)

● Wall Street banks deposit $30 billion in First Republic Bank

Large Wall Street banks will deposit $30 billion into First Republic Bank, of which Goldman Sachs and Morgan Stanley will each deposit $2.5 billion, and Barclays, JPMorgan Chase, and Wells Fargo will each deposit $5 billion. (Jinshi)

● The Fed’s discount window borrowing surged, with total volume exceeding that during the 2008 financial crisis

In the past week, the U.S. banking industry borrowed a total of $164.8 billion from the Federal Reserve through two credit facilities, highlighting the increasingly tight funding situation after the collapse of Silicon Valley Bank. (Securities Times)

● ECB announces 50 basis point rate hike

The European Central Bank raised all three major interest rates by 50 basis points, in line with market expectations. (Jinshi)

● CZ: Policymakers and crypto exchanges should strengthen cooperation, and the two sides cannot replace each other

Binance founder and CEO Changpeng Zhao (CZ) tweeted that the cryptocurrency industry benefits from consistent and clear regulation, and we need cooperation to achieve this goal. Policymakers should efficiently promote consistent and clear regulations, and crypto exchanges must continue to do the right thing and always put users first. The crypto industry needs continuous progress from both sides, and the two sides cannot replace each other.

● The European Parliament unanimously voted to pass the Digital Identity Framework Act

The EU bill on the digital identity framework was passed by the European Parliament unanimously. The EU-wide bill framework will enable citizens to access public services and they will have their own wallets. (The Block)

● OpenAI CEO's crypto project Worldcoin plans to launch the mainnet in the first half of this year

Worldcoin, an identity-centric crypto project co-founded by OpenAI CEO Sam Altman, plans to launch its mainnet in the first half of this year. (The Block)