Organizer: Cora, Techub News
TinTinLand
Fear Index: 46 (Panic)
Bitcoin Price: $75,884
BTC/ETH Spot ETF Fund Flow (3.16)
BTC Net Inflow: $60.13 M
ETH Net Inflow: $19.70 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (3.16)
BTC Net Subscription/Redemption: 0 BTC
ETH Net Subscription/Redemption: 0 ETH
Google announced it will open the Gemini experience to all users in Hong Kong, with a phased rollout approach. The focus will initially be on popularizing the Gemini web application, followed by coverage of the App mobile application. Before this announcement, Gemini was only accessible to enterprise users in Hong Kong, and regular individual users needed to use a virtual private network (VPN) to access Gemini.
Boya Interactive released its annual performance report for 2025. The report shows its revenue for 2025 is approximately 467.7 million Hong Kong dollars, a decrease of about 6.6% from approximately 500.9 million Hong Kong dollars in 2024. In 2025, the group increased its holdings by 818 bitcoins. As of December 31, it holds approximately 4,092 bitcoins, with an average cost of about $68,211 per coin.
Reflecting on the past year, from gold and silver to U.S. stocks, and recently surging crude oil, traditional financial assets like precious metals and commodities are accelerating tokenization. Traditional exchanges like the New York Stock Exchange and Binance, OKX, Bitget, etc., are also actively positioning themselves, injecting new vitality into on-chain markets by leveraging the bull market of traditional assets.
Analysis Report on Digital Asset Taxation in Hong Kong Part Two | Tax Classification
In terms of tax treatment, the attributes of digital assets have two clear boundaries: First, digital assets are not legal tender; second, tax treatment is differentiated according to the nature of the transaction, where transfer income from long-term investments is considered capital gains (tax-exempt), while profits from frequent trading are regarded as business profits (taxable).
Platform coins are discounted value of future fee income and value from ecological expansion of exchanges. Mainstream large exchange platform coins have completed value discovery, and most of the upside potential has been priced in. However, platform coins for RWA exchanges focusing on scarce vertical markets like music copyright, cultural assets, and green energy are still in the early stages of value discovery, possessing true asymmetric return potential.
We have highlighted notable events in the cryptocurrency field in Hong Kong for March, which will open the window to the future of Web3 for you.
Regulatory/Macroeconomic
According to Semafor citing sources, Fed nominee Kevin Waller has not yet been scheduled for a confirmation hearing in the Senate Banking Committee, partly because the committee has not received the necessary documents submitted by the White House.
The Australian Securities and Investments Commission (ASIC) urges young investors not to rely on social media influencers and AI chatbots for financial decisions. A survey released by the financial regulator shows that Generation Z has high trust in "often unreliable sources of information," leading them to make riskier financial decisions.
The China Academy of Information and Communications Technology has officially launched the 2026 "Trusted AI-Agent" series assessments, evaluating the capabilities of agents from two dimensions: basic technology and application capabilities. The basic technology assessment covers platform tools, technical competencies, operational services, and engineering capabilities, while the application capability assessment includes general tasks, industry applications, and maturity assessments.
The Australian Senate Economic Legislative Committee submitted a report on the government's proposed digital asset regulatory framework, supporting the inclusion of crypto platforms and custodial services in the country's financial services legislation. The committee stated that the bill represents a step toward modernizing digital asset regulation, with lawmakers indicating that the digital asset industry is rapidly expanding, but regulation remains uneven.
According to local media El Destape, forensic evidence from cryptocurrency lobbyist Mauricio Novelli's phone suggests that Argentinian President Milei may have been involved in a $5 million bribe through the promotion of the LIBRA token.
Project/Company Dynamics
Venus Protocol released an update regarding the attack on the THE market. Venus Protocol stated that this attack affected the Venus Core market, while Venus Flux remains unaffected and will continue operating normally. Furthermore, this incident was not a flash loan attack, and Venus's oracle did not fail. The attacker had been accumulating THE over the past 9 months and exploited a vulnerability in the protocol's legacy code regarding supply limits, bypassing the supply limit of 14.5 million THE by directly transferring to the protocol contract. Subsequently, the attacker manipulated the price of THE through low liquidity on-chain DEX, increasing the price by borrowing assets, converting back to THE, and injecting it into the market, continually amplifying the value of their collateral.
MetaPlanet, a publicly listed company in Japan, announced that CEO Simon Gerovich has issued its first 100 million movable warrants (MSW) with mNAV terms. These warrants can only be exercised when the company’s stock price reaches 1.01 times or more of mNAV, ensuring that all issued shares enhance shareholder value. This will enable the company to raise approximately 37.1 billion yen (about $234 million) for acquiring Bitcoin, provided that the number of Bitcoins held per share increases.
South Korea’s Hana Financial Group has signed a memorandum of understanding with Standard Chartered to collaborate on digital asset business.
The Seoul Central District Court in South Korea has rejected the Flow Foundation and Dapper Labs' request to stop Upbit, Bithumb, and Coinone from delisting FLOW. These three exchanges decided to terminate trading support for the Flow token due to the FLOW hacking incident that occurred in February. The court believes there is currently insufficient evidence to suspend the delisting decision, and the exchanges' judgment regarding unresolved risks is not clearly erroneous and should prioritize protecting potential investors.
The cryptocurrency trading and lending company BlockFills has filed for Chapter 11 bankruptcy protection. The entity operating BlockFills, Reliz Ltd., submitted a voluntary bankruptcy petition to the Delaware federal bankruptcy court on Sunday, seeking to restructure under Chapter 11 of the United States Bankruptcy Code. The application documents indicate that the company reports estimated assets between $50 million and $100 million, and liabilities between $100 million and $500 million. BlockFills stated that starting Chapter 11 proceedings is "the most responsible way forward" after extensive discussions with investors, clients, and creditors.
White hat hacker @al_f4lc0n questioned Injective's vulnerability reward mechanism. @al_f4lc0n claimed to have previously discovered a "serious" vulnerability in the protocol that allowed any user to directly steal funds from any on-chain account without any special permissions, putting over $500 million of on-chain assets at risk. After submitting a report via Immunefi, Injective initiated a mainnet upgrade voting the next day to fix the vulnerability. However, there has been no response from the team in the three months following.
The Korean Financial Intelligence Unit (FIU) plans to hold a sanction review committee meeting on the 16th to review the sanction level against Bithumb. During this meeting, Bithumb will provide further explanation regarding the violations. The financial intelligence agency will make a final decision on the sanction level based on its explanations.
Aave released a post-incident analysis regarding the Swap incident. Aave stated that on March 12, 2026, a user executed a token swap operation via the CoW Swap router integrated into the Aave interface. The user attempted to exchange 50,432,688 aEthUSDT (worth about $5,043.27 million) for aEthAAVE. Due to the user's order being excessively large in an illiquid market, CoW Swap's quotes were extremely poor, and the user confirmed acceptance of that quote. It should be noted that the Aave protocol itself was never at risk, as this exchange occurred outside of the protocol, through the aforementioned third-party Swap protocol. Currently, the relevant user has not contacted the Aave team.
In-depth & Outlook
So is the narrative of stablecoin cross-border payments the most significant evolution in cross-border payments since SWIFT, or merely a vast but perpetually stalled 1% of a strange footnote?
AI has made each of these moats stronger. Better models lower loss rates, improved fraud detection reduces chargebacks, and superior compliance tools enable smaller teams to hold more licenses. AI will not replace moats; it rewards those who choose to build in the most challenging areas of fintech: cash flow, risk-taking, proprietary data, and regulation.
On the surface, Google spent $32 billion to buy a company with annual revenue of only $700 million. But from another perspective, what Google bought was not Wiz itself. It bought a form of ambiguous certainty. $32 billion in cash is not fatal for a company like Google.
Luna’s collapse event was merely the result of its own algorithm executing as expected. The system just collapsed automatically. The strategy's collapse means Bitcoin also crumbles. And Bitcoin's demise means that the most battle-tested, decentralized asset with a fixed supply—running on thousands of nodes and held by BlackRock, Fidelity, sovereign nations, and 194 publicly traded companies—becomes worthless.
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