The Commodity Futures and Trading Commission (CFTC) has filed a complaint against crypto exchange Binance, its CEO Changpeng Zhao, and former compliance officer Samuel Lim over alleged violations of US trading rules. The regulator accuses Binance of soliciting US users and subverting its "ineffective compliance program". The complaint alleges that Zhao and Lim sought to cultivate US institutional customers, and purposefully concealed the locations of the exchange's subsidiaries. The CFTC claims Binance's VIP programme, designed for high net worth individuals, concealed the locations and identities of its users, breaching controls designed to prevent money laundering or terrorism financing. Zhao and Lim are accused of violating eight provisions of the Commodity Exchange Act. The lawsuit heaps further pressure on Binance, which has been subject to investigation by a number of US regulators.

The world's largest crypto exchange, Binance, has suspended all spot trading, deposits and withdrawals due to a software glitch. CEO Changpeng Zhao stated on Twitter that the matching engine encountered a bug on a trailing stop order, which caused the platform to temporarily shut down. The issue is currently being resolved, and the platform is expected to resume trading, deposits, and withdrawals within hours. Bitcoin and Ethereum experienced a slight sell-off upon the news. Bitcoin fell from $27,649 to under $27,300 before recovering slightly. Binance commands over 60% of all crypto spot volume, and its market share of Bitcoin spot volume reached over 90% in recent quarters due to zero commissions. The current glitch could affect the trading volume of Bitcoin on the platform if it persists.

Pakistan is facing a looming sovereign default due to a current account deficit of $74.5 billion, which has been financed by borrowing $65 billion since foreign investment does not cover the external deficit. To combat this, the government must undertake significant reforms to address economic weaknesses and stabilize the economy, including increasing revenue collection by broadening the tax base and improving tax administration. Pakistan's tax-to-GDP ratio remains one of the lowest in the region, and the government should prioritize revenue collection and reducing non-essential spending, such as its large defence and subsidy budgets. Pakistan needs to promote export-oriented growth, including enhancing productivity, streamlining business procedures, and creating policies that promote exports and foster entrepreneurship. To avoid default, the government should engage with international financial institutions to restructure debt obligations and ease the burden of interest payments. While the road ahead may be difficult, policymakers must prioritize long-term economic stability and growth for the benefit of all Pakistanis, including investing in renewable energy sources, infrastructure, education, and training, and promoting innovation and entrepreneurship.

After about two weeks of auction, First Citizens BancShares Inc. is close to finalizing a deal with the Federal Deposit Insurance Corp. to acquire Silicon Valley Bank, which became the largest bank in the United States to collapse since 2008, from the latter. The FDIC has not confirmed the deal, but the purchase of SVB's loans and deposits by First Citizens BancShares along with giving the FDIC equity appreciation rights in its stock has given fragile markets some relief for now. Despite the successful bid for SVB, the market's attention is drawn to the larger issue of guaranteeing deposits in other regional banks in the country, adding to investors' concern. The cost of SVB's failure to the FDIC's deposit insurance fund is estimated to be around $20bn. According to the FDIC's statement, First Citizens BancShares will acquire about $72bn in SVB assets at a discount of $16.5bn. With this acquisition, First Citizens has bought 20 failed banks since 2009. Seventeen former SVB branches will be converted into First Citizen branches shortly. Investors await further developments as indicators of financial market stress continue to flash globally.

Gary Payton II, who was acquired by the Golden State Warriors in February, has yet to play for the reigning champions due to a core muscle injury. However, Payton has been ramping up his on-court activities, including shooting, and the team announced that his workload is expected to intensify in the coming days. The Warriors hope that this positive development will lead to Payton's return before the regular season ends on April 9th. Coach Steve Kerr remains optimistic, saying that Payton is "doing well" and that "there's definitely hope and optimism that he'll be able to play at some point."

Although there is no clear timeline for his return, Dr. Nirav Pandya of UC San Francisco predicts that Payton could be back in around three weeks, given the nature of his injury. With four regular-season games left on the schedule, Payton's return could provide the team with a much-needed defensive lift amid a tight Western Conference race. Despite missing the first 35 games of the season, Payton played 14 of the last 16 games for the Trail Blazers. He was a key player in the Warriors' title run last year and could prove to be a valuable asset once he is fully recovered.

On Sunday night, Steph Curry made NBA history as he moved up on the all-time assists list in the Golden State Warriors' game against the Minnesota Timberwolves. Curry was tied with Hall of Famer Larry Bird for 47th with 5,695 assists, and he only needed one to move ahead of Bird for sole possession of the spot. Also, Curry is closing in on passing Dwyane Wade for 46th with 5,701 assists in total. Although Curry is widely seen as the greatest shooter in NBA history, he is also a talented passer who has averaged 6.5 assists per contest for his career. In the game between the Warriors and the Timberwolves, Curry hit an epic no-look three-pointer despite not making any three pointers earlier in the game. Despite his age, at 35 years old, Curry is still considered one of the best players in the NBA, coming off leading the Warriors to their fourth title in the past eight seasons last summer. The Warriors have a 39-36 record in 75 games, making them the sixth seed in the Western Conference.

The Golden State Warriors (39-36) will face off against the Minnesota Timberwolves (37-37) on Sunday, March 26, 2023, at the Chase Center in San Francisco. The two Western Conference playoff hopefuls will meet for the fourth time this season, with the Warriors having won two of the previous three games. The Warriors began the weekend sitting at sixth in the West, while the Timberwolves were in seventh.

The match is crucial for both teams to secure a spot in the playoffs, and a win will go a long way in securing their position in the final standings. A victory for the Warriors will not only create a 2 1/2-game gap with just six games left to play, but it will also give them the season-series tiebreaker against the Timberwolves. On the other hand, a win for the Timberwolves would lessen their deficit and give them a leg up on the second playoff tiebreaker – conference record.

The Timberwolves, who have won their last two games, will be looking to make the most out of their match against the Warriors. However, the Warriors will be hoping to extend their nine-game home win streak and secure their spot in the playoffs. Fans can catch the action live on NBA TV or try a free trial on fuboTV.

The Golden State Warriors' three-game winning streak was snapped by the Minnesota Timberwolves in a close matchup. Draymond Green received a hard flagrant 1 foul from Rudy Gobert which raised physical tensions during the game. Later in the game, Gobert hit Green in the face with an elbow. However, Green took the fouls in stride, sharing a light-hearted take that he had never been on the other end of a flagrant 1 call before. This incident serves to highlight the intense and brutal nature of the NBA as teams compete to achieve their goals. Despite the lost game, the Golden State Warriors are continuing to look like a strong team, having won multiple games prior to their loss against the Timberwolves. The Warriors could definitely pose a threat as a contender for the upcoming NBA championship, but several other teams are looking strong as well, including the Phoenix Suns and the Brooklyn Nets. It remains to be seen which team will come out on top, but the NBA promises to be as exciting and competitive as ever this season.

The Dallas Mavericks are getting ready for their most important game of the regular season, but it remains uncertain whether their superstar duo will be able to play. On Tuesday's injury report, the Mavericks listed Luka Doncic, Kyrie Irving, and Markieff Morris as questionable to play Wednesday night against the Golden State Warriors. Irving's availability is especially in doubt after suffering a setback with his right big toe pain, which has persisted since March 8 and forced him to miss three games earlier this month. Doncic has missed the previous five games with a left thigh strain, leaving the Mavericks struggling to win matches.

The Warriors are fighting to defend their sixth place and win two straight road games for the first time this season. Meanwhile, the Mavericks aim to close the gap on their visitors and boost their home-court advantage in round one. Doncic is expected to return to the Mavericks' lineup since the team hopes the Slovenian All-Star could come back during the upcoming homestand. Though the Mavericks have been sliding in the past month and have an 8-29 on the road record, they have dominated the Warriors recently, winning ten of the past thirteen meetings, including four straight played in Dallas.