• Sam Bankman-Fried is seeking to use FTX’s corporate insurance policies to cover his legal expenses.
• Bankman-Fried’s inner circle received $3.2 billion in payments and loans from FTX-linked entities.
• FTX debtors reported $11.6 billion in claims and $4.8 billion in assets, meaning there’s a $6.8 billion hole in the exchange’s balance sheet.
• Crypto-friendly Signature Bank was officially closed down and taken over by the New York Department of Financial Services on March 12 for “failing to provide consistent and reliable data.”
• Circle’s stablecoin, USD Coin (USDC), climbed back to its $1 peg following positive developments concerning Circle’s $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners.
• Bitcoin’s market cap has managed to flip that of tech giant Meta.

The article contains both positive and negative news. The positive news includes the stability of Circle's stablecoin and the increase in Bitcoin's market cap. However, there are also negative news such as the legal expenses of Sam Bankman-Fried and the closure of Signature Bank.