Compiled by: Cora, Techub News
Fear of Greed Index: 33 (Panic)
Bitcoin price: $70,825
BTC/ETH Spot ETF Fund Flows (March 23)
BTC net inflow: $6.42M
ETH net outflow: $1.62M
Hongkong
BTC/ETH Spot ETF Fund Flows (March 23)
BTC net creation/redemption: 0 BTC
ETH net creation/redemption: 0 ETH
The Preparatory Committee for the Hong Kong-Korea Web3 Policy Promotion Alliance has been officially established. The Web3 Policy Promotion Alliance is the first cross-regional non-governmental cooperation platform jointly initiated by legislators from both Hong Kong and Korea, aiming to promote collaborative development on key issues such as digital asset regulation, stablecoin mechanisms, blockchain infrastructure interconnection, and regulatory standard alignment.
Boyaa Interactive, a Hong Kong-listed company, announced that its board of directors recommends seeking shareholder approval for a purchase authorization to use idle cash reserves from the company's business operations for potential cryptocurrency purchases within the next 12 months, with a total amount not exceeding US$70 million. Boyaa Interactive stated that this move aims to capitalize on the current downturn in the cryptocurrency market, appropriately expand its cryptocurrency holdings, and further support the company's Web3 business development.
From April 20th to 23rd, the Hong Kong Web3 Carnival, jointly created by Wanxiang Blockchain Labs and HashKey Group, will bring together high-level government officials, financial giants, technology leaders, and more than 500 core decision-makers from around the world to create a high-dimensional dialogue space at the Hong Kong Convention and Exhibition Centre that breaks down barriers and integrates diverse groups.
We have compiled a list of noteworthy crypto events in Hong Kong in March, which will open a window to the future of Web3 for you.
Regulation/Macro
U.S. Senators Adam Schiff and Curtis will introduce legislation to ban entities regulated by the Commodity Futures Trading Commission (CFTC), including prediction markets Kalshi and Polymarket, from listing contracts related to sporting events. "The CFTC not only gives these markets the green light, but it's also pushing them forward," Senator Adam Schiff stated. "It's time for Congress to step in and remove this backdoor—it not only violates state consumer protection laws and infringes on tribal sovereignty, but it also fails to generate any benefit to public finances."
The People Power Party of South Korea will hold a closed-door meeting on March 25 at Coinone headquarters with representatives from five major cryptocurrency exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—as well as the Digital Asset Exchange Association (DAXA). The meeting aims to discuss proposals to abolish the virtual asset tax system originally scheduled for implementation in January 2027, and to hear suggestions regarding stablecoin issuance and the second phase of legislation.
NYSE Arca and NYSE American, subsidiaries of the New York Stock Exchange, have officially removed the 25,000-contract position limit for options linked to 11 cryptocurrency ETFs. The rule change has been exempted from the 30-day waiting period by the U.S. Securities and Exchange Commission and is effective immediately.
Project/Company Updates
Chain detective ZachXBT tweeted that he discovered a coordinated network of over 10 accounts creating viral panic about war and politics to drive traffic to cryptocurrency scams. Their strategy included buying accounts with followers, posting doomsday messages multiple times a day, retweeting content from secondary accounts, promoting fake giveaways or scams, and changing usernames. Ten of the X accounts promoted the cryptocurrency scam ORAMAMA on February 22, 2026, and haven't posted anything related to it since.
Swedish-listed Bitcoin treasury company H100 Group announced that it has signed a letter of intent with the shareholders of Norwegian companies MoonshotAS and Never SayDieAS (collectively, the "Target Companies") regarding an acquisition transaction in which H100 will acquire all shares of the Target Companies in exchange for newly issued shares of H100. The proposed transaction is structured on a "Bitcoin for Bitcoin" basis, and upon completion of the transaction, H100's ownership will depend entirely on the amount of Bitcoin contributed by each party. The Target Companies collectively hold approximately 2,450 Bitcoins, while H100 currently holds approximately 1,051 Bitcoins. Upon completion of the proposed transaction, H100 is expected to hold approximately 3,501 Bitcoins.
DeFi protocol Gauntlet tweeted that it is in discussions with Resolv regarding a solution. Gauntlet is working on a compensation plan for the remaining funds. Gauntlet USD Alpha does not hold USR or RLP positions, the platform's vaults are unaffected, and fund providers are also unaffected.
Grayscale has filed an S-1 petition with the U.S. Securities and Exchange Commission (SEC) to launch a Grayscale HYPE ETF. If approved, the ETF will trade on Nasdaq under the ticker symbol GHYP. Like other Grayscale funds, it will choose Coinbase Custody as its custodian and use benchmark pricing data from CoinDesk. The filing also notes that staking HYPE is currently prohibited, but "staking conditions" may be met in the future.
In-depth & Foresight
The theme of energy independence emerging from this crisis will be massive and bipartisan, much like defense spending in the global war on terror, but focused on energy. After the higher energy prices and associated costs from this war impact consumers, energy independence will become the dominant political narrative, transcending partisan boundaries in 2026-2027.
In DeFi, every efficiency window you open exposes a vulnerability, which in turn exposes an attack surface. The existence of off-chain signers makes protocols more flexible, but it also introduces a fatal weakness: centralization. When the Resolv team fixed the vulnerability and reopened the protocol, this trade-off itself deserves serious re-examination by every similar protocol.
As native crypto yields are compressed, the RWA loop is gradually gaining market acceptance. With arbitrage opportunities decreasing and speculative demand weakening, DeFi capital is turning to tokenized RWAs to seek leveraged, uncorrelated returns.
