Silicon Valley Bank's crash has greatly affected NFT trading volumes, as traders have left the markets due to the potential consequences of a prominent US bank's situation.

New EU legislation aiming to regulate data sharing by IoT devices and services sets impossible compliance standards for smart contracts, making Web3 developers uneasy.

Around $140 million worth of wrapped ether, stolen last year in a hack on the Wormhole token bridge, has been recovered using a counter-exploit on the Oasis.app vault in which it was being held. A UK court ordered Oasis to carry out the recovery action.

The WSJ released a report earlier in March accusing Tether of shady dealings, citing emails and records from 2018. In response to the WSJ's allegations, Tether published an official statement on their website.

On March 13th, 2023, the cryptocurrency experienced market turbulence after a hacker made a record-breaking $197 million by exploiting the Euler Finance protocol using flash loans.

With the Swiss National Bank seeing no immediate need to develop its own retail CBDC, the Swiss Bankers Association has come up with an alternative blockchain-based stablecoin for use in digital asset transactions and DLT ecosystems.

The founder of MakerDAO, Rune Christensen, said he believes that the DAI stablecoin is due for a rebrand.

Meta has decided to discontinue its NFT and digital collectibles features on Instagram and Facebook, and the news of a second round of layoffs has hit employees hard.