Organized by: Cora, Techub News
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Hong Kong
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The Hong Kong-Korea Web3 Policy Promotion Alliance Preparatory Committee has been officially established. The Web3 Policy Promotion Alliance is the first cross-regional civil cooperation platform initiated by lawmakers from both regions, aimed at promoting collaborative development on key issues such as digital asset regulation, stablecoin mechanisms, blockchain infrastructure interconnection, and regulatory standards alignment.
Listed company Boya Interactive announced that its board of directors is seeking shareholder approval for a purchase authorization to use idle cash reserves from business operations to purchase potential cryptocurrencies within the next 12 months, with a total amount not exceeding $70 million. Boya Interactive stated that this move aims to take advantage of the opportunity during the downturn of the cryptocurrency market to appropriately expand cryptocurrency allocation and further support the company's Web3 business development.
From April 20 to 23, the Hong Kong Web3 Carnival, co-hosted by Wanxiang Blockchain Laboratory and HashKey Group, will gather senior government officials, financial giants, tech leaders, and over 500 key decision-makers from around the world at the Hong Kong Convention and Exhibition Centre to create a high-dimensional dialogue space that breaks barriers and integrates diversity.
We have curated noteworthy events in the cryptocurrency sector in Hong Kong for March; these events will open a window to the future of Web3.
Regulation/Macro
U.S. Senators Adam Schiff and Curtis will propose legislation to ban entities regulated by the Commodity Futures Trading Commission (including prediction markets Kalshi and Polymarket) from listing contracts related to sports events. "The CFTC not only gives the green light to these markets but is even promoting their development," Senator Adam Schiff said. "It is time for Congress to intervene and eliminate this backdoor—it not only violates state consumer protection laws, infringes on tribal sovereignty but also fails to bring revenue to public finances."
The Korean National Power Party will hold a closed seminar on March 25 at the headquarters of Coinone with representatives from the five major cryptocurrency exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax, as well as the Digital Asset Exchange Association (DAXA). The purpose of this meeting is to discuss the abolition of the virtual asset tax system originally scheduled to be implemented in January 2027 and to gather suggestions regarding stablecoin issuance and the infrastructure arrangements for second-phase legislation.
NYSE Arca and NYSE American, subsidiaries of the New York Stock Exchange, have officially lifted the position limit of 25,000 contracts for options linked to 11 cryptocurrency ETFs, and the relevant rule changes have received a 30-day waiver from the U.S. SEC, taking effect immediately.
Project/Company News
On-chain detective ZachXBT tweeted that it has discovered a coordinated network consisting of over 10 accounts that create viral panic about wars and politics to drive traffic to cryptocurrency scams. Their strategy includes purchasing accounts with followers, posting doomsday posts multiple times a day, retweeting content from small accounts, promoting false giveaways or scam activities, and changing usernames. Notably, ten X accounts all promoted the cryptocurrency scam ORAMAMA on February 22, 2026, and have not posted related information since.
Swedish-listed Bitcoin treasury company H100 Group announced it has signed a letter of intent with the shareholders of Norwegian companies MoonshotAS and Never SayDieAS (collectively referred to as "target company") for an acquisition deal, wherein H100 will acquire all shares of the target company in exchange for newly issued stock from H100. The proposed transaction is based on the principle of "Bitcoin for Bitcoin," and after the deal is completed, H100's ownership will be entirely dependent on the amount of Bitcoin contributed by each party. The target company holds approximately 2,450 Bitcoins, while H100 currently holds around 1,051 Bitcoins. Post-transaction completion, H100 expects to hold approximately 3,501 Bitcoins.
DeFi protocol Gauntlet tweeted that it is in discussions with Resolv for solutions. For the remaining funds, Gauntlet is developing a compensation plan. Gauntlet USD Alpha does not hold USR or RLP positions, the treasury on the platform remains unaffected, and fund providers will not be impacted.
Grayscale has submitted an S-1 application to the U.S. SEC to launch the Grayscale HYPE ETF. If approved, this ETF will trade on the Nasdaq under the ticker symbol GHYP. Like Grayscale's other funds, it will choose Coinbase Custody as the custodian and use CoinDesk's benchmark pricing data. The document also notes that currently staking HYPE is prohibited but may meet "staking conditions" in the future.
In-Depth & Outlook
The theme of energy independence emerging from this crisis will be significant and bipartisan, akin to defense spending in the global war on terror, but aimed at energy. Higher energy prices and related cost shocks from this war will lead to energy independence becoming the dominant political narrative, transcending party lines in 2026-2027.
In DeFi, every window of efficiency you open exposes a corresponding attack surface. The presence of off-chain signers allows for more flexibility in protocols but also introduces a centralized fatal weakness. When the Resolv team fixes the vulnerability and reopens the protocol, this trade-off itself is worth reconsideration for all similar protocols.
As the yields from crypto-native sources compress, the RWA loop is gradually gaining market recognition. As arbitrage opportunities diminish and speculative demand wanes, DeFi capital is turning to tokenized RWAs to seek non-correlated returns that can be amplified through leverage.
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