Edited by: Cora, Techub News
TinTinLand
Fear Index: 19 (Extreme Fear)
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Hong Kong
BTC/ETH Spot ETF Fund Flow (3.3)
BTC Net Subscription/Redeem: 0 BTC
ETH Net Subscription/Redeem: 0 ETH
National Committee member and permanent honorary president of the Hong Kong Chinese Securities Association, Tan Yueheng, proposed during the 2026 National Two Sessions that the current global financial governance system is undergoing the most profound structural reshaping since World War II. Hong Kong has the vigor of "one country" and the advantage of "two systems." He suggested that relevant central departments and the Hong Kong SAR government strengthen top-level design and collaborative planning, promoting Hong Kong from being a "passive participant" in global financial rules to an "active co-builder," aiding China's deep participation and even leadership in global financial governance. Specific suggestions include: firstly, building the Greater Bay Area into a strategic high ground for international rule alignment; secondly, implementing a "financial soft power" overseas strategy to create a new engine for "Belt and Road" soft connectivity; thirdly, leading the formulation of international rules in emerging fields to seize global financial governance discourse power, including the co-construction of the "Global South Green Finance Standard Alliance," creating an "Asian Virtual Asset Regulatory Cooperation Platform," and proactively laying out artificial intelligence financial governance rules.
Hong Kong Legislative Council member Wu Jiezhang shared stories of his service, highlighting how he utilizes blockchain technology to assist rural agricultural development in mainland China. He pointed out that Hong Kong possesses an international leading advantage in the blockchain field, especially in RWA (Real World Asset Tokenization). By establishing a credible data chain for agricultural products through a blockchain traceability system, it enables consumers to easily verify their sources and enhance product value. Simultaneously, blockchain opens up new financing channels for agriculture by transforming agricultural product data into collateralized assets, helping farmers obtain low-cost funding. He explained technological stories in an accessible manner, transforming complex blockchain concepts into practical tools symbolizing "trust becomes new productivity, data turns into new agricultural tools," promoting rural digital transformation.
This regulation evolution path clearly illustrates Hong Kong's core strategy: act as a "super connector" between the mainland and the world, and between traditional finance and digital assets, serving as a global "exit" for non-standard real assets.
Currently, Hong Kong does not establish special tax types for digital assets. The custody, trading, and settlement phases of tokens only incur profits tax as traditional financial services, without value-added tax/consumption tax, and as of the end of 2024, the Hong Kong banking system’s custody of digital assets has surpassed HKD 14 billion, with related custody service fees taxed just as regular business income.
We especially compiled noteworthy events in the crypto field in Hong Kong for March, which will open a window to the future of Web3 for you.
Regulation/Macro
Bank of Japan Governor Kazuo Ueda stated that blockchain technology is expected to become the transaction and settlement infrastructure involving various assets and services (including currency payments) in the future. To promote the development of a new financial ecosystem integrating AI and blockchain, the Bank of Japan needs to establish mechanisms to ensure transaction transparency, authenticity, and payment safety and robustness. Currently, the Bank of Japan will conduct technological experiments on the use of central bank currency for settlement in the form of demand deposits on the blockchain system.
The ruling Justice and Development Party in Turkey submitted a tax law draft to parliament proposing the imposition of a 10% withholding income tax on compliant platform cryptocurrency trading gains, to be withheld and paid quarterly by the platform; meanwhile, gains from non-compliant platform trading must be reported for annual taxation. Additionally, a 0.03% transaction tax will be levied on cryptocurrency service providers, applicable to sales and transfer transactions conducted through brokering or directly. Due to high inflation and the depreciation of the lira, cryptocurrency trading volumes in Turkey approached $200 billion in 2025, and this proposal aims to regulate the market and increase fiscal revenue.
The South African Revenue Service (SARS) officially implemented a Cryptocurrency Reporting Framework (CARF) from March 1, requiring domestic crypto asset service providers to report detailed transaction data according to international standards. At the same time, it expanded the Automatic Exchange of Information (AEOI) rules to conduct automatic account information exchanges with over 120 jurisdictions. Regulatory authorities will compare tax declarations with on-chain records and offshore transactions through pattern recognition and data matching, shifting from passive reliance on voluntary disclosure to proactive data-driven audits. Tax experts pointed out that the "invisibility space" for avoiding taxes through multiple wallets, foreign exchanges, or offshore structures has essentially disappeared, and taxpayers who have not declared digital assets or offshore wealth face higher targeted audit risks, suggesting active compliance through voluntary disclosure programs (VDP).
Projects/Company News
Hackers are stealing cryptocurrency through "ClickFix" attack techniques, with the latest cases involving impersonation of venture capital firms and hijacking browser extensions. Moonlock Labs revealed that scammers impersonate fake VCs such as SolidBit, MegaBit, Lumax Capital by contacting users via LinkedIn with collaboration opportunities, subsequently guiding them to click on fake Zoom or Google Meet links. Users encountering a fake Cloudflare "I am not a robot" verification box are tricked into copying malicious commands to their clipboard and encouraged to open a terminal to paste and execute, thereby completing the attack. This technique bypasses traditional security defenses and allows victims to actively execute malicious payloads. Simultaneously, hackers hijacked the Chrome extension QuickLens (about 7,000 users), embedding malicious scripts in the new version to search for cryptocurrency wallets, mnemonic phrases, Gmail inboxes, YouTube data, and form login credentials/payment information. The extension has been removed from the Chrome Web Store. ClickFix became popular last year, impacting thousands of companies and sectors worldwide.
SlowMist released MistTrack Skills for cryptocurrency address risk analysis, AML compliance detection, and on-chain transaction tracking. This tool, based on MistTrack OpenAPI (requires configuration of MISTTRACK_API_KEY), offers capabilities such as address label queries, balance statistics, risk scoring, transaction investigations, behavioral analysis, portrait tracking, and counterparty analysis, supporting mainstream AI agent tools (such as OpenClaw, Claude Code) and wallet Skills (such as Bitget Wallet, Trust Wallet). During transaction execution, it can automatically invoke MistTrack Skills for security checks on target addresses, enhancing compliance and security for on-chain operations.
Neutron, a cross-chain smart contract platform in the Cosmos ecosystem, received a security vulnerability reported by white hat hackers through a bug bounty program, with no impact on user funds. Currently, the order book and Supervaults (deposit, withdrawal, and exchange functions) have been suspended, with the team expected to complete repairs and relaunch on March 9.
Kraken's L2 network Ink has officially launched xStocks tokenized stocks, allowing users to directly trade varieties such as NVDAx, TSLAx, SPYx through the decentralized non-custodial liquidity protocol Tydro. This integration is supported by CoWSwap and launches multiple tokenized US stock and index assets in its first round. xStocks, issued by BackedFi, is backed 1:1 by real stocks, providing Ink users with channels for trading traditional assets on-chain.
Supported by SoftBank, Japan's largest cashless payment provider PayPay is seeking to go public on Nasdaq, planning to issue 55 million American depositary shares at a price range of $17-20 per share, raising up to $1.1 billion, with the company's valuation expected to exceed $10 billion (stock code PAYP). This offering was originally scheduled for launch on Monday, but was postponed due to global market turmoil triggered by conflicts in the Middle East over the weekend. PayPay currently has over 70 million registered users and dominates Japan's smartphone payment market. In October last year, PayPay acquired 40% of Binance Japan’s shares and established a capital and business alliance with Binance Japan to support users in purchasing cryptocurrency through PayPay Money and withdrawing profits.
Nasdaq has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to list binary options contracts on its flagship Nasdaq 100 Index and Nasdaq 100 Micro Index. These contracts allow traders to bet "yes or no" on specific outcomes of the index, with a price range of $0.01 to $1, reflecting the market's view on the probability of an event occurring. This will mark Nasdaq's first foray into prediction market-type products, unlike CFTC-regulated event contracts from Kalshi and Polymarket US; the binary options will be regulated by the SEC. The proposal is currently awaiting SEC approval.
Supported by Temasek and Peak XV, Indian fintech company Pine Labs plans to launch stablecoin-supported prepaid cards in 9 countries across the Middle East, Africa, and Southeast Asia by the end of April 2026. These cards will allow users to fund from digital wallets using stablecoins and complete payments at points of sale through real-time conversions to local fiat currency.
In-Depth & Forward-looking
As AI agents become autonomous economic entities, the number of economic actors in the global economy will grow exponentially. Agents will need a digital-native financial track, a technology stack capable of handling programmable settlements, high-throughput micropayments, permissionless coordination, and minimized trust identity systems. These principles are the cornerstone of blockchain design.
Polymarket may be the product closest to a true breakthrough we have seen so far, but its peak coincides with the U.S. election cycle; the pressing question now is whether it can maintain user activity as stakes become smaller. There’s also a reality that everyone is hesitant to openly acknowledge: the platform's accuracy partly stems from users with real information trading on the platform. This presents a tricky issue for regulators or ordinary users.
Currently, the cryptocurrency industry finds itself in a paradox: as an industry, our achievements far exceed the wildest imaginations. However, the prevailing sentiment is one of the deepest lows and frustrations seen in a long time. This article will analyze the ongoing "mass repricing".
Technological leaps and institutional changes may happen simultaneously, and the intersection of the two often affects the direction of an era. The author questions government practices while retaining hope for the reconstruction of future institutions, simultaneously reminding readers not to confuse "democratic control" with "government control".
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