Organized by: Cora, Techub News
TinTinLand
Fear and Greed Index: 36 (Fear)
Bitcoin Price: $72,383
BTC/ETH Spot ETF Fund Flow (Last Week)
BTC Net Inflow: $767.33 M
ETH Net Inflow: $160.82 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (Last Week)
BTC Net Subscription: 52.91 BTC
ETH Net Subscription/Redemption: 0 ETH
We have specifically compiled noteworthy events in the crypto space in Hong Kong for March, which will open a window for you to the future of Web3.
Regulation/Macro
Prosecutors in Taiwan have indicted Liu Yusen, head of the shuttered cryptocurrency exchange BITGIN, along with CEO Zhang Hansen and COO Zhang Yuting, among 10 individuals. The Zhang siblings could face a maximum sentence of 12 years in prison. Prosecutors allege that the company collaborated with a fraud group in 2023, providing USDT and facilitating cash transactions through "fake currency merchants" to carry out fraud and money laundering, involving 46 victims and over NT$150 million in fraud, with related funds transferred through cryptocurrency wallets and overseas exchanges to conceal their source.
According to a joint agreement submitted to the Southern District of New York federal court, the U.S. Securities and Exchange Commission (SEC) has officially withdrawn its civil enforcement lawsuit against Nader Al-Naji, founder of BitClout and DeSo, and six defendants, and may not file the same lawsuit again. The SEC initially sued Al-Naji in July 2024, alleging that he raised over $257 million by selling BitClout's native token BTCLT in an unregistered manner, promising that funds would not be used for personal compensation. The SEC stated that Al-Naji used over $7 million for personal expenses, including paying rent for a Beverly Hills mansion and gifting cash to family members, with his wife, mother, and several affiliated entities listed as co-defendants.
Former Coinbase CTO Balaji Srinivasan stated that more cryptocurrency tools should be developed for refugees and stateless persons, as their numbers may increase and come from various social classes. Cryptocurrencies are essentially a mode of war on the internet, and public blockchains are designed to withstand attacks from data centers, hackers, and network congestion; stablecoins have already made an impact globally, including new gold-backed stablecoins, but there is still room for further expansion.
Brazil's cryptocurrency and fintech associations ABcripto, ABFintechs, Abracam, ABToken, and Zetta released a joint statement opposing the extension of the IOF financial transaction tax to apply to stablecoin transactions. These associations represent over 850 businesses in Brazil and believe the initiative would conflict with the existing legal framework and harm the development of Brazil's crypto industry; it may violate the Brazilian Constitution and the 2022 "Virtual Asset Law." According to data from Brazilian Federal Revenue auditors, the monthly trading volume of the Brazilian crypto market is approximately $6 billion to $8 billion, with about 90% being stablecoin transactions.
Project/Company Updates
MetaDAO announced on the X platform that it will launch the ICO for P2P.me on March 26, with a minimum financing goal of $6 million. The ICO will run until March 30, allowing users to participate in subscriptions through cryptocurrency. P2P.me is an application that supports cryptocurrency exchanges for fiat currency and previously completed a $2 million seed round financing with investment from Multicoin and Coinbase Ventures in April 2025. The project aims to further expand platform functionality and user base through the ICO.
USDH issuer Native Markets announced on the X platform that it will launch tokenized margin pmUSDH. After users deposit USDH into their portfolio margin accounts, the protocol will convert that position into the ERC-20 formatted pmUSDH token, which will also earn interest paid by borrowers. Additionally, it will be usable in DeFi protocols such as Felix, Hyperlend, Pendle, and Rysk.
The Dark Side of the Moon is seeking to expand its funding scale, aiming for an amount of up to $1 billion, with the company’s valuation set to reach around $18 billion after the funding is completed. The investors participating in this round of financing have not yet been confirmed.
Due to the surge in demand from the Middle East, the market cap of the USDC stablecoin is approaching its historical high of $80 billion. This increase stems from the addition of billions of dollars in supply in recent weeks; the stablecoin's market cap slightly exceeded $70 billion at the beginning of February, rising to $75 billion at the beginning of this month. Analyst Rami Al-Hashimi, who claims to be based in Dubai, indicated that this spike is related to capital outflows from the UAE.
Tether CEO Paolo Ardoino stated on the X platform that some are attempting to stifle the dream of a free internet, while artificial intelligence itself was born in confinement. The company is investing substantial resources to ensure that AI communications and intelligence remain free. This statement aims to emphasize Tether's strategic layout in the AI field and promote open and decentralized development.
In-Depth & Forward-Looking
For ordinary investors, what is truly worth learning from is not a specific "divine image," but the emotions, liquidity, and structural changes that these images attempt to suggest; what we really need to be wary of is taking this vague stage judgment as precise trading instructions.
Founded in August 2017, Non-Small Number ends its journey nearly ten years later with an acquisition, which is not necessarily bad news. As an early blockchain domestic market information platform comparable to Mytoken, Non-Small Number indeed holds many memories for many cryptocurrency veterans, and I believe many people are pleased with this outcome.
Six years ago when I joined Circle, I was not particularly "crypto-native" nor could I be called a crypto expert. But when you truly understand the potential of this technology, you'll be inspired by it and gradually develop a sense of mission.
However, amidst the popularity of lobsters across the land, the "naked run" lobsters have generated various concerns. From "raising lobsters" to "killing lobsters," within a few short days the discussion turned tense, opening debates on the safety boundaries of AI entities...
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