Taiwan's Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should they recur.

https://news.bitcoin.com/taiwans-financial-supervisory-commission-set-to-regulate-countrys-virtual-assets-industry/

According to a Bloomberg report, Coinbase is exploring the option of setting up a crypto trading platform outside the United States of America as part of an aggressive expansion campaign.  As of now, there is no clarity on where the new entity will be based.

https://cryptodaily.co.uk/2023/03/coinbase-plans-to-set-up-crypto-trading-platform-outside-the-us

NFT trading volumes dropped from $74 million to $36 million after the collapse of Silicon Valley Bank. Daily NFT sales count also fell by 27.9% between March 9 and March 11, and active NFT traders hit a low of 11,440 on March 11, the lowest recorded since November 2021.

https://blockchain.news/news/nft-trading-volumes-plunge-after-silicon-valley-bank-collapse

Digital fashion is disrupting the fashion industry by introducing a new form of expression that transcends reality, allowing for endless creativity and accessibility. DressX, a self-heralded pioneer of said digital fashion, is doubling down on its technology with new partners and funds.

https://dailycoin.com/dressx-15m-round/

Meta's Web3 ambitions have cooled, with "the metaverse" cited as a future focus.

https://decrypt.co/123379/instagram-winding-down-nfts-to-focus-on-creators-and-businesses

The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC.

https://www.coindesk.com/business/2023/03/13/euler-defi-protocol-exploited-for-nearly-185m/

The much-traveled David Marcus has another position to add to his bulging resume

https://blockworks.co/news/crypto-hiring-nubank-lightspark-meta

A strategy advisor at Vaneck/MVIS is highlighting the disparity between the money held at the Federal Deposit Insurance Corporation (FDIC) and the amount of money sitting in the US banking system.

https://dailyhodl.com/2023/03/11/22-trillion-in-us-banking-system-backed-by-just-225-billion-at-fdic-bitcoin-proponent-gabor-gurbacs/

The Helix Records Genesis Pass boasts numerous benefits including opportunities to work with Patrick Moxey and his team.

https://dailycoin.com/patrick-moxey-helix-records-nft-pass/

Per several reports, crypto-friendly bank Silvergate will liquidate the financial institution and reduce its operations. The bank faced issues following the collapse of one of its major partners, crypto exchange FTX.

https://bitcoinist.com/silvergate-to-close-bank-and-wind-down-operations/

At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank's operations and voluntarily liquidate the company's assets. The news follows significant financial troubles the bank faced, and the firm's stock plummeted in value.

https://news.bitcoin.com/silvergate-bank-announces-voluntary-liquidation-as-crypto-industry-woes-persist/

The studio is working with FIFA and plans to build Web3 games with the support of pro soccer superstar Lionel Messi.

https://decrypt.co/123002/lionel-messi-backs-web3-soccer-game-startup-matchday-in-21m-round

FTX Trading and its affiliated debtors (together, known as FTC Debtors) on Monday announced that one of their debtor affiliates, Alameda Research, filed a lawsuit against Grayscale Investments in the Court of Chancery in the State of Delaware. The FTX Debtors also asserted claims against Grayscale's CEO Michael Sonnenshein and its owners Digital Currency Group and Barry Silbert.

https://www.benzinga.com/markets/cryptocurrency/23/03/31225443/is-grayscale-investments-withholding-9b-in-shareholder-value-ftx-debtors-take-legal-action?SNAPI

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 According to Web3 data platform DappRadar's latest industry report, NFT trading volumes reached $2 billion in February – the highest number since before the meteoric crash of Terra and its UST and LUNA tokens in May 2022.

https://www.youtube.com/watch?v=wTRkyQc49mQ

Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon's Terraform Labs.

https://cointelegraph.com/news/terraform-labs-co-founder-do-kwon-gets-probed-by-singaporean-authorities