Organizer: Cora, Techub News
Fear Greed Index: 25 (Fear)
Bitcoin Price: $68,091
BTC/ETH Spot ETF Fund Flow (Last Week)
BTC Net Inflow: $95.18 M
ETH Net Outflow: $59.94 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (Last Week)
BTC Net Subscription/Redemption: 0 BTC
ETH Net Subscription/Redemption: 0 ETH
The "Hong Kong-South Korea Web3 Policy Promotion Alliance Preparatory Committee Establishment and 2026 GWDC South Korea Station Press Conference" will be held online on March 23 (Monday) at 14:00 (UTC+8). This event will take place via Zoom, offering simultaneous interpretation in Chinese and English and is open to Web3 enthusiasts globally.
The Financial Secretary of Hong Kong, Chan Mo-po, published an essay. He stated that Hong Kong is promoting a development strategy that promotes "AI+" and "Finance+" in mutual advancement. The development and application of open-source frameworks related to artificial intelligence will help Hong Kong gather global elites and technology. In terms of the hardware foundation of the open-source framework, the RISC-V instruction set is seen as the future mainstream. Last week, Hong Kong Investment Management Co., along with several leading industry enterprises and institutions, officially established the RISC-V Alliance, which will accelerate the construction of related industries and ecosystems and promote international collaboration. Furthermore, Agentic AI has recently become a hot topic for discussion. Cyberport will hold its first AI Agentic Innovation and Security Forum this week to explore how to ensure application safety and thriving development.
The President of the Hong Kong Securities and Futures Professional Association, Chan Chi-hua, expressed regarding the controversy over brokers customers "pre-registering designated bank accounts" that while the regulatory circular proposed establishing a bank account registration mechanism with a limit, the related practice may stem from improperly applying the virtual asset regulatory thinking (such as pre-approval of wallet addresses) to the traditional securities industry. Chan Chi-hua pointed out that virtual assets are difficult to verify ownership instantly due to blockchain addresses, needing prior approval for technical reasonableness, but traditional securities fund flows can already be confirmed through "same-name account checks" and other mechanisms, without the need for a one-size-fits-all limitation on account numbers. In contrast to the EU Anti-Money Laundering Framework, regulatory focus should be on penetrating beneficial ownership and identifying abnormal transactions, rather than preemptively limiting accounts. Additionally, it is advised that regulation adheres to a "risk-based" principle, focusing on abnormal fund flows (such as "layered transactions"), clarifying compliance standards for same-name accounts, and promoting the use of big data and AI in anti-money laundering monitoring.
We have specifically compiled noteworthy events in the crypto field in Hong Kong for March, which will open a window for you to the future of Web3.
Regulation/Macro
The cryptocurrency asset interpretive guide jointly released by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) has been officially submitted to the Federal Register on March 20, and is expected to take effect immediately after its formal release on March 23 (next Monday), providing directly actionable regulatory guidance for cryptocurrency market participants.
Brazil's new finance minister, Dario Durigan, plans to adjust the ministry's communication strategy ahead of the country's elections and delay various tax measures, including cryptocurrency taxation rules. Insiders state that Durigan took over last Friday from Fernando Haddad, who resigned to run for governor of São Paulo, and intends to prioritize microeconomic legislation while delaying controversial fiscal plans to avoid losing political capital in Congress.
The U.S. Commodity Futures Trading Commission (CFTC) provided more details on its expectations regarding the use of cryptocurrencies as collateral. In a notice released on Friday, the CFTC's Department of Market Participants and the Department of Clearing and Risk responded to common questions appearing in two staff letters issued last December.
Korea's National Tax Service (NTS) plans to select private virtual asset custodians in the first half of this year, responsible for managing the seized virtual assets. This action is a follow-up response to a virtual asset theft incident that occurred last month. On February 26, the tax office accidentally leaked a mnemonic phrase while releasing the on-site search data of tax delinquents, resulting in the seized virtual assets being stolen twice. When selecting a service provider, the tax office will focus on evaluating security requirements, business scale, and whether it is insured according to the "Virtual Asset User Protection Act," among other criteria.
According to the SEC website, it has decided to designate a longer processing period to make a decision on Nasdaq PHLX's proposed rule change for the listing and trading of Nasdaq Bitcoin index options. This rule change proposal was initially submitted on September 23, 2025, and the SEC had previously initiated the relevant procedure to determine whether to approve the proposal in December 2025. According to relevant legal provisions, the SEC has now postponed the final decision deadline for this application from March 28, 2026, to May 27, 2026. The SEC clearly stated that extending the decision time is to ensure sufficient time to review the proposal and the various issues and public comments it may raise.
According to the FAQ document published by the CFTC, the U.S. Commodity Futures Trading Commission's Market Participants Division and the Clearing and Risk Division further clarified the application of cryptocurrencies and blockchain technology under the Commodity Exchange Act: this FAQ allows Futures Commission Merchants (FCMs) to accept non-securities crypto assets (including payment stablecoins, Bitcoin, and Ethereum) as margin, provided they rely on Staff Letter No. 26-05, and these assets can be used to guarantee customers' debit or deficit account balances. Regarding regulatory capital calculations, the CFTC remains consistent with the SEC, stipulating a capital discount rate of 20% for Bitcoin and Ethereum, and 2% for payment stablecoins.
Project/Company News
Resolv stated, "The platform has encountered an attack, and the attacker minted 50 million unbacked USR. The team has suspended all protocol functions to prevent further malicious operations and is actively working on recovery."
Judge Jason Woodbury of the Carson City District Court in Nevada issued a temporary restraining order supporting the Nevada Gaming Control Board's motion to prohibit Kalshi from operating in the state for 14 days. Woodbury believes that the state government authorities have a high likelihood of winning in the legal dispute regarding whether the company's activity contracts violate Nevada gambling laws. Additionally, Mike Dreitzer, Chairman of the Nevada Gaming Control Board, stated in a statement to Reuters, "If the prediction market fosters unlicensed gambling, it is illegal in Nevada, and we have a legal obligation to protect the public." Woodbury has scheduled a hearing for April 3 to review the preliminary injunction motion against Kalshi.
BONK.fun tweeted that on March 11, its website was hijacked by attackers who leveraged social engineering attacks against the domain service provider to compromise the site, resulting in the domain being transferred to an external registrar. Upon discovering the violation, the team immediately took the following measures: disabled the website, coordinated with the wallet provider, flagged the domain as malicious, and minimized user impacts. The team estimates customer losses at $30,000 and will compensate at a rate of 110%. The domain and domain registration were fully restored around 5:00 PM on March 19, and full functionality with major wallet providers was restored later that evening. Currently, the main BONKfun domain is still receiving warnings from multiple antivirus vendors, and the official team is working hard to eliminate these warnings as soon as possible.
Deep Insights & Prospects
Two guests also discussed how the war affects the local people's sense of safety and market sentiment, including that "attacks on urban areas" are more about intercepting debris causing damage, the responses of long-term residents and short-term expatriates are notably different, and safe-haven narratives such as real estate, gold, oil prices, stablecoins, and Bitcoin are being reexamined in the context of conflict.
In summary, we view WLD as a high-risk, high-reward project with the potential to become a "tenfold coin." We traded this asset in the summer and exited in September with a 53% profit. Currently, WLD has been added to our watchlist.
For decades, retail investors have been systematically excluded from high-yield assets, not because the assets are too complex, but because the traditional financial system itself is designed for large sums of capital, qualified investors, and inefficient clearing, making small investments unprofitable. Tokenization is not only about lowering barriers; it directly dismantles the entire system that creates those barriers.
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