Hong Kong's Financial Secretary Deputy Chief Lam Ho-him noted increased interest from Middle Eastern clients in transferring funds and opening local accounts. He highlighted mutual engagement, the expansion of virtual insurance in the region, and the introduction of Islamic bond ETFs, indicating Hong Kong's development as a digital asset innovation hub.

Trader MaJi holds three long positions on Hyperliquid, with total unrealized gains of $1.599 million. His largest position is a 25x long on ETH, followed by a 40x long on BTC, and a 10x long on HYPE, making him a significant ETH holder.

Changpeng Zhao, recalling the 2017 policy turmoil, said that after it, venture capital took a cautious approach, and Sequoia paused its collaboration. He felt disappointed, but he still achieved user growth after the policy shock. In the end, due to a valuation disagreement, Sequoia was unable to invest. CZ believes that venture capital only supports projects in good times.

A court in Qinzhou District, Tianshui City, Gansu Province, is trying a virtual-currency money-laundering case. The defendant used a part-time “high-paying errands” job to withdraw more than 390k yuan and, with knowledge of what was going on, exchange it for virtual currency, earning a profit of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him. The judge reminded the public to stay alert to related activities in order to prevent them from fueling crime.

A court in Qinchou District, Tianshui, Gansu, tried a case of virtual currency money laundering. The defendant withdrew more than 390k yuan using a “high-paying errand runner” method, converted the funds into virtual currency, and earned profits of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him 10k yuan. The judge reminded the public to stay alert against participating in cash withdrawals and transfers, so as not to become an accomplice to crime.

Former a16z crypto investor Sam Broner and friend Adam Zuckerman co-founded The Better Money Company, raising a $10 million seed round. The company will build a stablecoin clearinghouse, provide low-cost exchange services, and plans to support all tokens that comply with the Genius Act. The product is expected to launch within weeks.

March 30, U.S. prosecutors charged Jonathan Spalletta of Maryland, accusing him of repeatedly attacking the decentralized exchange Uranium Finance since 2021, involving $54 million. Spalletta faces computer fraud and money laundering charges, with a maximum total sentence of up to 30 years in prison. He allegedly profited illegally by manipulating transaction processes and used the proceeds to buy collectible items. Prosecutors emphasized that crypto assets are also protected by law.

The Central Bureau of Investigation in India has arrested a suspect named Sunil Nellathu Ramakrishnan, accusing him of serving as a coordinator in a trafficking network related to Southeast Asian online scams. This network lured Indian citizens to Myanmar to participate in scam activities, and the CBI has collected relevant digital evidence, with the investigation still ongoing.

Gate News reported that on March 25, CZ posted a warning on the X platform stating that anyone claiming to help projects get listed on a certain CEX can be considered a liar, especially those claiming to know CZ or have a close relationship with him. CZ stated that in 99.999% of cases, he does not know these people, and if he actually does know them, he will blacklist them. He also reminded users to stay vigilant and beware of such scam activities.

Police arrest a suspect linked to the kidnapping case of David Balland, co-founder of Ledger. The criminal group committed violence against him and his partner to extort bitcoin. International cooperation has intensified efforts to combat violent crimes targeting cryptocurrency, reminding holders to enhance security awareness.