Organized by: Cora, Techub News
TinTinLand
Fear Index: 20 (Panic)
Bitcoin Price: $68,769
BTC/ETH Spot ETF Fund Flow (3.2)
BTC Net Inflow: $94.01 M
ETH Net Inflow: $11.16 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (3.2)
BTC Net Subscription/Redemption: 0 BTC
ETH Net Redemption: 302.84 ETH
Hong Kong Financial Secretary Hui Zhengyu announced at the Legislative Council's Financial Affairs Committee meeting regarding the optimization of funds, family investment control tools, and preferential tax systems for incidental rights that he has formulated a series of optimization measures with the Hong Kong Monetary Authority, the Securities and Futures Commission, and the Inland Revenue Department. These measures include expanding the eligible investment categories for funds and family-controlled tools to encompass digital assets outside Hong Kong, real estate, insurance-linked securities, equity interests in non-corporate entities, loans (including private credit investments), precious metals, and specific bulk commodities. This complements the government's policies in relevant areas such as promoting carbon trading, digital assets, and precious metals and bulk commodity trading.
The Hong Kong Monetary Authority, Shanghai Data Bureau, and National Blockchain Technology Innovation Center jointly signed the "Shanghai-Hong Kong Freight Trade and Financial Digital Cooperation Memorandum" to further promote in-depth cooperation between Shanghai and Hong Kong in the areas of digital empowerment in freight trade and finance, leveraging Hong Kong's unique advantages as a "super connector" and "super value creator" to support Shanghai's connection with the international data ecosystem through Hong Kong.
The Hong Kong Monetary Authority is striving to issue the first batch of stablecoin issuer licenses in March. Previously, it was reported that HSBC and Standard Chartered are expected to become the first institutions to be approved. In response to these news, Georges Elhedery, the CEO of HSBC Holdings, did not directly comment but stated that HSBC would be interested in participating in all innovations in Hong Kong and hopes to play a significant role in them.
Hong Kong Financial Secretary Chan Mo-po stated that there are no plans to withdraw funds from the Foreign Exchange Fund again in the next five years. He previously disclosed that Hong Kong would transfer HK$150 billion (US$19 billion) from the Foreign Exchange Fund, raising concerns about Hong Kong’s financial stability. Chan stated that there will be no such measures in medium-term forecasts and does not intend for withdrawals to become "a routine practice."
Hong Kong Executive Council member and former HKMA President Yuen Mun-chung stated that the evolution of geopolitical factors has increased the importance of the Hong Kong dollar's peg to the US dollar, asserting that "the Hong Kong dollar is indeed the largest stablecoin to the US dollar." He pointed out that by 2025, Hong Kong will hold approximately US$256 billion in US Treasury bonds, larger than any so-called US dollar stablecoin currently. Therefore, Hong Kong's financial direction is very clear, aiming to maintain a linked exchange rate system. As the most active US dollar market in Asia, it would be unwise not to allow the Hong Kong dollar to continue its peg to the US dollar, forcing a large buyer to sell.
Hong Kong Financial Secretary Chan Mo-po published a note titled "Mutual Reinforcement of 'AI+' and 'Finance+'" indicating that "one of the focuses of the newly released 'Financial Budget' is to actively promote the mutual reinforcement of 'AI+' and 'Finance+'. We are at a crucial juncture of technological innovation; artificial intelligence is not only the core technology of the future but also a tremendous force capable of influencing thousands of industries. Accelerating the development of AI+ is, in fact, promoting the repositioning and upgrading of advantageous industries and accelerating the growth of emerging industries. As an international financial center, Hong Kong must deeply integrate cutting-edge AI technology into services, making financial services larger and stronger while also expanding AI technology into broader application scenarios for achieving mutual empowerment and positive interaction. In this process, depth is the core, and speed is the key."
On February 26, Derin Holdings Group Limited (01709.HK) announced that its two RWA (Real World Asset) tokenization products have received a "No Objection Letter" from the Securities and Futures Commission of Hong Kong.
We have specifically listed noteworthy activities in the crypto space in Hong Kong for March, these activities will open a window to the future of Web3.
Regulation/Macro
Japan's Chief Foreign Exchange Official Mitsumura Jun stated that the surge in stablecoins pegged to the dollar is likely to consolidate the dollar's position as a key currency.
Korean Finance Minister Koo Yun-cheol promised a comprehensive reform of how government agencies handle crypto assets, following a series of mistakes that exposed the country's custodial and regulatory loopholes regarding confiscated cryptocurrencies.
The Russian Central Bank stated that two-thirds of Russian financial pyramid organizers are using cryptocurrency, and last year Russian citizens sent Bitcoin and other tokens to over 4,600 cryptocurrency wallets owned by crime groups. The central bank identified 7,087 financial pyramids, fraudulent brokers, and other scams last year, of which 80% operated online, and 84% used cryptocurrency to raise funds, an increase from 77% in 2024. The bank stated it has ordered the blocking of 21,500 web pages and social media posts related to cryptocurrency scammers and other financial fraudsters, warning the public that only licensed firms are authorized to publicly offer investment products to retail investors in Russia.
Project/Company Updates
Yen stablecoin issuer JPYC has signed a strategic collaboration memorandum with Sony Bank and its Web3 subsidiary BlockBloom. The two parties plan to provide real-time bank account transfer functionality on the "JPYC EX" platform, allowing users to directly purchase JPYC from their Sony Bank accounts without manual remittance. Additionally, both sides will explore collaborations with entertainment IPs in music, games, etc., applying JPYC for digital content purchases and fan rewards.
YAM Finance analyzed the incident regarding "Inverse Finance allegedly suffering losses of about $240,000," stating that this event is related to the LlamaLend mechanism rather than an Inverse contract vulnerability. The attacker initiated a "donation attack" on sDOLA on LlamaLend, raising the price from about 1.188 sDOLA = 1 DOLA to approximately 1.358 sDOLA = 1 DOLA, and subsequently liquidated nearly all user positions that borrowed crvUSD collateralized by sDOLA. It remains unclear why the increase in the value of collateral triggered liquidation.
The UK-listed company Coinsilium announced the expansion of its digital asset industry strategy. To date, its subsidiary Forza holds 182 Bitcoin. In 2026, it will expand its strategic focus on prediction markets and event-driven financial infrastructure, currently in in-depth discussions regarding a proposed significant venture capital participation. Furthermore, the Yellow Network token and trading platform is scheduled to launch on March 8, 2026.
DeFi lending protocol Inverse Finance reportedly suffered an attack, resulting in a loss of approximately $240,000. This incident may involve price manipulation of DOLA, causing multiple users to be liquidated. BlockSec has contacted the relevant team, but has yet to receive a response.
A team of analysts led by J.P. Morgan Managing Director Nikolaos Panigirtzoglou stated in a report that the U.S. cryptocurrency market structure legislation "CLARITY Act" may be approved by mid-year, becoming a positive catalyst for the second half of the year. Currently, the bill has progressed in the House of Representatives, while discussion in the Senate continues, facing two main points of controversy regarding stablecoin yields and conflicts of interest for government officials.
In-Depth & Outlook
Polymarket has become a "barometer" of conflicts. Since last December, they have opened a market on "When Will the U.S. Strike Iran," covering various date options. The prediction market for "Will Khamenei Resign Before February 28" saw a single-day trading volume of up to $95.93 million on February 28, becoming one of the largest geopolitical markets in the platform's history, with a trading volume of $54.15 million on March 31.
In this article, I will analyze from a technical perspective the practical functionality of ERC-5564, how stealth addresses work in practice, and where Ethereum stands compared to privacy-focused chains and existing privacy tools.
If the Department of Defense chooses to terminate its collaboration with Anthropic, we will strive to ensure a smooth transition to other vendors to avoid disruption to ongoing military programs, operations, or other critical missions. We will continue to provide our products according to the favorable terms we proposed within the needed timeframe.
In 2024, Trump Media Technologies Group officially wrote to Nasdaq, accusing potential naked short selling, specifically naming Jane Street as one of the companies responsible for significant trading volumes during its stock price crash. While no formal legal accusations followed, the company was publicly named in this dispute.
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