Crypto Live News 
Changpeng Zhao’s Industry Recovery Initiative (IRI) has failed to save the crypto market, according to a Bloomberg report. The IRI, which was launched following the failure of crypto firms during the Terra-LUNA crisis and the FTX debacle, has only invested $30 million in projects. The crypto industry has suffered from further challenges, such as Operation Choke Point 2.0 and lawsuits from the SEC against Binance and Coinbase. In March, Binance reported that it would convert remaining IRI funds into Bitcoin, BNB, and Ethereum as a result of stability issues with crypto-friendly banks and stablecoins.
Source: https://coinpedia.org/crypto-live-news/binance-ceos-industry-recovery-initiative-fails/