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Binance plans to convert the remaining $1 billion funds in its Industry Recovery Initiative to native cryptocurrencies due to changes in stablecoins and banks, following the recent failures of crypto-friendly banks, causing concern about stablecoins and their $1 peg.

US federal authorities are reportedly considering safeguarding all uninsured deposits at Silicon Valley Bank, coinciding with a sharp reversal in the price of Bitcoin, which has surged 8.7%, as the crypto industry faces its own problems with the banking system after the collapse of crypto-friendly bank Silvergate.

Crypto scams in Hong Kong, El Salvador's president credits bitcoin for boosting tourism, CEXes implementing proof-of-reserve and more 

Shanghai hard fork delayed, new CBDC project, NFTs accessible through mobile phone numbers, and more

Endorsement for CBDS from Bank of England, Voyager's bankruptcy plan, and delayed crypto plans from Visa and Mastercard

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