The U.S. Federal Deposit Insurance Corporation (FDIC) issued a consent order to crypto-friendly bank Cross River Bank for "unsafe or unsound banking practices." Cross River Bank is a venture-backed New Jersey-area bank that does business with major crypto companies like Coinbase and Circle. Consent orders are an informal procedure commonly used by U.S. federal agencies to handle cases. Cross River Bank engaged in unsafe or unsound banking practices by failing to establish and maintain internal controls, information systems, and prudent credit underwriting operations, the FDIC said in its consent order, which called on the Cross River board of directors to strengthen its oversight of management Monitor and direct, and take action to correct any unsafe practices and prevent future breaches. The bank did not acknowledge or deny the issues outlined in the FDIC consent order. A spokesman for Cross River Bank said: "The consent order is the result of a standards review of various aspects of the bank's lending process two years ago. We identified areas for improvement prior to the review. Since then, we have actively Significant improvements have been made to Fair Lending and other programs, including investments in technology and people. Many of these improvements have already been completed or will be completed in the coming months.”

Binance announced the launch of the Binance Crypto Gaming Partner program, which helps developers reward gamers with Binance Gift Cards.

SEC Chairman Gary Gensler tweeted: “Cryptocurrency trading platforms must comply with regulations, register with the SEC, and have conflicts of interest. Cryptocurrency trading platforms must treat cryptocurrencies like securities , and platforms to stop acting as if the law is ambiguous. If you are a stock exchange, clearing house, broker or dealer, you must comply, register with us, address conflicts of interest and disclose important information.

Prosecutors in Seoul appear convinced that Terraform Labs and co-founder Do Kwon are still holding large sums of money following recent legal proceedings against ten Terraform Labs employees, including co-founder Shin Hyun-seong, known to many as Daniel Shin. , especially 130 billion won ($100 million) in Swiss bank accounts.

Crypto-native trading and investment firm Alphanonce has launched borrower pools on Clearpool, an unsecured lending DeFi protocol. Founded in 2018 and headquartered in South Korea, Alphanonce provides full-stack solutions for various clients and counterparties, covering accelerators, investment, liquidity provision and trading. It is reported that this is the third institution to launch a lending pool on Clearpool in the near future after market maker Portofino Technologies and digital asset market maker Fasanara Digital.

Britain's Competition and Markets Authority (CMA) blocked Microsoft's bid for Activision Blizzard on Wednesday. This is a major blow to Microsoft, which has been trying to convince British authorities that the deal will promote competition in the market. Microsoft said it plans to appeal the ruling. The CMA said the deal raised concerns about competition in the nascent cloud gaming market. The CMA had previously expressed concern that the deal would affect market competition in the console industry, but ruled out such concerns in its preliminary decision in March. The CMA believes that Microsoft may make Activision's games exclusive to its cloud gaming platform Xbox Game Pass, cutting off Activision's distribution of games to other major cloud gaming platforms. "Allowing Microsoft to occupy such a powerful position, just as the cloud gaming industry is beginning to grow rapidly, risks undermining innovation, which is critical to the industry's growth," the CMA said in a press release.

Sarah Pritchard, executive director of the UK Financial Conduct Authority (FCA), said at the London City Week meeting that it plans to strengthen the supervision of encryption marketing. The rules will be announced after the legislation is proposed. Once the government legislates, the company will have 4 months to rectify. In addition, the FCA has been working closely with the government to develop proposals to regulate stablecoins that can be used for payments, and to conduct consultations on the regulation of the broader crypto asset regime, and the public can comment until April 30. In the future, the Ministry of Finance may also decide to introduce a reciprocal registration system for overseas encryption companies.

Several of Holdnaut's biggest creditors say they want the company to be liquidated rather than restructured, according to a court document released by the judicial manager of bankrupt crypto lending platform Hodlnaut. Creditors opposing the restructuring include the Algorand Foundation and Samtrade Custodian Limited, which is currently in liquidation, and whose claims are worth approximately $170 million.

South Korean prosecutors handed over individuals involved in the case, including Daniel Shin, co-founder of Terraform Labs and former CEO of Chai Corporation, for trial. This is the first time prosecutors have reached a preliminary conclusion in a related case after investigating the Terra-Luna crash for a year.