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According to the official announcement from the Pakistan Virtual Assets Regulatory Authority (PVARA), all virtual asset services are included under PVARA's regulatory scope and must obtain prior authorization before commencing operations or making public announcements.PVARA welcomes responsible innovation and encourages relevant parties to engage in communication as early as possible. Innovation can be conducted through compliance pathways such as regulatory sandboxes, No-Action Relief Letters, and No Objection Certificates (NOC).

According to CoinDesk, Paul Sztorc, a developer who has long focused on Bitcoin scaling solutions, proposed a Bitcoin hard fork named eCash to be initiated in August 2026 at block height 964,000, distributing eCash to users holding BTC at a 1:1 ratio at the time of the fork, and introducing a Drivechains sidechain architecture in the new chain.The controversy mainly revolves around the plan to pre-allocate a portion of eCash corresponding to Satoshi Nakamoto's address on the new chain to early investors, a move that has drawn criticism from the community, with some individuals claiming it involves "stealing" tokens. Paul Sztorc stated that this move aims to provide incentives for development and collaboration before the project's launch.

North Carolina Republican Senator Thom Tillis stated on Sunday local time that he would support the confirmation of Kevin Warsh's appointment as Federal Reserve Chairman, thereby clearing the last major obstacle for Trump's chosen successor to Powell.Tillis had refused to vote in support of Warsh for months, stating that he would not push for the confirmation of any Federal Reserve nominee as long as the Justice Department's criminal investigation into Powell was ongoing, calling the criminal investigation an attack on the independence of the central bank. However, that investigation appears to have concluded last Friday.

According to Russian crypto media Bits.media, the Governor of the Central Bank of Russia, Nabiullina, stated at a press conference that the core purpose of the digital ruble is to automate the monitoring of national contract expenditures, replacing the existing manual review process.She emphasized that the digital ruble does not differ in transparency from the current cashless ruble, and monitoring individual payments is a "misunderstanding." Nabiullina also promised that the central bank would not force citizens to open digital ruble accounts or to use them, and plans to allow the public to experience it voluntarily starting in September, guiding voluntary adoption through promotional advantages. Previously, the Central Bank of Russia updated the relevant rules for businesses and individuals to open digital ruble accounts.

The U.S. Commodity Futures Trading Commission (CFTC) today submitted an amicus brief to the Supreme Judicial Court of Massachusetts, reaffirming its exclusive jurisdiction over the U.S. commodity derivatives market (including prediction markets). This case involves Commonwealth of Massachusetts v. KalshiEx LLC (case number SJC-13906).CFTC Chairman Michael S. Selig stated that Congress has authorized the CFTC to have sole regulatory authority over the commodity derivatives market and warned that any state attempting to override federal law "will see you in court." The brief details the legislative history and framework of the Commodity Exchange Act, clarifying that the federal regulatory system takes precedence over relevant state laws. Previously, the CFTC has filed lawsuits against Arizona, Connecticut, Illinois, and New York, successfully obtaining a temporary restraining order against Arizona to prevent it from exercising state jurisdiction over prediction markets regulated by the CFTC.

The DeFi Education Fund, along with Aave Labs, Uniswap Labs, Paradigm, Andreessen Horowitz, and other organizations, has sent a letter to the U.S. SEC in response to the recent statement released by the trading and markets division regarding the registration of "non-custodial user interface" brokers for crypto asset securities.The signatories support the statement that the "non-custodial user interface," which only provides a technical entry point and allows users to manage their assets independently, should be excluded from broker registration. They also urge the SEC to establish clearer and more sustainable definitions of "broker" through formal rulemaking, to avoid incorrectly categorizing neutral software tool providers, validators, RPC/API, oracles, cloud services, and other infrastructure under broker regulations. This would provide long-term legal certainty for blockchain infrastructure innovation while ensuring investor protection.Previously, the SEC's trading and markets division indicated that some DeFi trading interfaces do not need to register as brokers, allowing for policy space for related applications. Supporters believe that the new regulations could cover infrastructure participants such as validators, APIs, and oracles. Currently, the U.S. crypto market legislation, the CLARITY Act, is stalled in the Senate.

Glassnode indicates that Bitcoin is currently showing bullish signals, with its Vector framework triggering a clear signal. Among them, a momentum indicator above 0.5 is considered bullish, while below -0.5 is considered bearish, and the current value is 1; meanwhile, the risk index has completely reset to 0.Glassnode states that from the blue shaded area in the chart, it can be seen that after this signal is triggered, the price has historically corresponded to significant upward trends and provided avoidance references during market downturns.

The Smart Allocator of the decentralized stablecoin USDD has accumulated investment returns exceeding $16 million, demonstrating its strong self-sustaining capability and further strengthening its long-term competitiveness in the stablecoin sector.Smart Allocator is the profit-sharing mechanism of USDD, which obtains interest and platform rewards by participating in quality projects and returns the profits to users. This mechanism emphasizes the stability and sustainability of profit sources rather than relying on short-term high-yield strategies. At the same time, its fund allocation and profit situation remain transparently on-chain, available for public inquiry and verification by users.

BIT tweeted that in the past two issues of the "Biton Target" report, we hinted that the bear market phase of Bitcoin may be nearing its end. Signals from multiple time dimensions are gradually forming resonance, supporting this judgment. When this judgment was made, Bitcoin was approaching the downward trend line formed since the bear market began in October 2025, just one step away from breaking upwards. Meanwhile, the weekly stochastic oscillator has fallen to a low not seen since January 2023, which was near the phase bottom after the end of the 2021/2022 bear market. Historically, this indicator reading often corresponds to market bottom areas.Our Bitcoin trend model has turned bullish. Trend signals do not always materialize, but considering that Bitcoin itself has strong trends and high volatility characteristics, after the previous two signals reversed quickly, the current round of movement has better conditions for continuation. Additionally, Bitcoin's price is gradually approaching the 21-week moving average, which has a critical boundary significance in our bull-bear judgment framework.$73,000 has always been an important watershed since March 2024 and is a key threshold for confirming whether this trend can reverse. Recently, Bitcoin has been fluctuating around $70,000. If it can effectively break through and stabilize above $73,000, the reversal signal will be further confirmed. Currently, various indicators are overall positive, but before the price enters this round's target range, the upward pace may still be disturbed by phase risk factors, so attention should be maintained.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against Cambodian Senator Kok An, accusing him of controlling "fraud parks" across the country, defrauding American victims through cryptocurrency investment scams.According to a statement released by OFAC on Thursday, in addition to Kok An, 28 other individuals and entities have been added to the sanctions list, all believed to be connected to his fraud network. This network is accused of luring victims into sending cryptocurrency assets under the guise of "high return investments." This action follows a raid by Cambodian police on two scam centers in the border city of Poipet. Previously, Kok An had been accused of operating scam bases in the area. OFAC stated that scammers typically gain victims' trust by establishing "friendships" or "romantic relationships," then guide them to participate in so-called cryptocurrency investment platforms, thereby defrauding them of funds, with the total amount involved reaching millions of dollars.It is noteworthy that some individuals involved in the scam activities are themselves victims of human trafficking, forced to engage in illegal activities under threats of violence. OFAC pointed out that these scam centers are often located in casinos or repurposed office parks, used not only for money laundering but also as bases for defrauding American citizens and committing human rights violations. Additionally, regulators have simultaneously shut down over 500 fraudulent website domains used for cryptocurrency investment scams, indicating that the U.S. crackdown on related criminal activities is intensifying.

Galaxy Research Director Alex Thorn stated on the X platform that the amount of Bitcoin currently held by Strategy has surpassed that of the world's largest Bitcoin ETF, IBIT. According to the current accumulation trend, Strategy is expected to surpass Satoshi Nakamoto in the next two years, becoming one of the largest Bitcoin-holding entities in the world.

According to market news, the adult website Pornhub has stopped using Tether (USDT) for creator revenue settlements and has switched to USDC issued by Circle.In an email sent to creators, Pornhub stated that this switch aims to make revenue payments "more reliable" and emphasized that USDC is a fully reserved, compliant stablecoin that meets the EU MiCA regulatory framework. Pornhub previously introduced USDT in 2020 after PayPal announced the termination of its partnership with the platform, and it built its payment infrastructure with the help of the TronLink wallet owned by Sun Yuchen. After this switch, the aforementioned partnership has also been removed from its creator page.

Kevin Warsh stated at the Senate hearing that digital assets "have become a part of the U.S. financial system" and supports their inclusion in the financial system to provide more opportunities and protections for investors.This statement is seen as a signal of a relatively open policy towards the cryptocurrency industry should he become the chairman of the Federal Reserve. Warsh has previously referred to Bitcoin as "an important asset that aids in policy-making." However, Elizabeth Warren expressed concerns during the hearing, mentioning risks such as "shadow accounts" in the crypto space, emphasizing the need for enhanced regulation and prevention of abuse.

The law firm Burwick Law has filed a federal class action lawsuit in the Southern District of New York (SDNY) against the creators of AI16Z and ELIZAOS, including defendant Walters, accusing them of violating consumer protection laws, false advertising, and unjust enrichment. Legal documents show that the defendants are accused of leveraging the brand reputation of Andreessen Horowitz (a16z) to package the project and issued the AI16Z token on Solana on October 24, 2024, later renamed ELIZAOS. The complaint alleges that the project claimed to have self-investing AI agents, which were actually operated manually, and did not generate revenue during the lawsuit period.On January 2, 2025, the token price reached a historical high of approximately $2.47, with a market capitalization exceeding $2.6 billion, and subsequently collapsed due to large holders reducing their positions. On-chain data shows that the most profitable traders realized approximately $39 million in profits.

The UK Treasury announced a regulatory scheme during London Fintech Week, planning to incorporate stablecoins and tokenized deposits into a unified regulatory framework with traditional payment services.The scheme aims to regulate stablecoins used for payments under the upcoming issuance regime, while expanding the Financial Conduct Authority's (FCA) regulatory scope over open banking, and exploring regulatory adjustments for payment activities executed by AI agents. The proposal also suggests reducing administrative requirements for businesses providing stablecoin payment services through new legislation.The UK Treasury also announced the appointment of EY partner and former interim CEO of the FCA, Chris Woolard CBE, as the wholesale digital market champion, responsible for advancing the development of a tokenized wholesale financial system, and committed to providing £1 million (approximately $1.35 million) in funding support to the Centre for Financial Innovation and Technology starting in April. Minister for Cities Lucy Rigby stated that the scheme aims to build a secure, competitive payment ecosystem that can seize opportunities from technological changes. The UK government recognizes the transformative potential of digital assets and blockchain technology, believing they can reshape the way consumers and businesses interact with financial services.

U.S. Senator Thom Tillis is urging the Senate Banking Committee to postpone the consideration of the cryptocurrency market structure bill until May, in order to allow more time for finalizing a compromise on stablecoin regulation between banks and the cryptocurrency industry.This move aims to provide additional negotiation space around key disagreements regarding stablecoins and to promote the formation of a more viable regulatory framework.

The Hong Kong Securities and Futures Commission has announced a new regulatory framework that allows tokenized investment products approved by the Commission to be traded in the secondary market, in order to promote the development of digital asset trading activities in Hong Kong.The new guidelines primarily facilitate the secondary market trading of tokenized open-ended funds on licensed virtual asset trading platforms and will consider allowing over-the-counter trading arrangements on a case-by-case basis. As of March 2026, there are already 13 tokenized products available to the public in Hong Kong, with the total asset value of tokenized equity management assets increasing to approximately 10.7 billion. The first batch of products is expected to mainly consist of tokenized money market funds. The new measures cover fair pricing, orderly trading, liquidity provision, and information disclosure.

ChainCatcher reported live that HashKey Capital CEO Deng Chao and Sharplink CEO Joseph Chalom jointly attended the 2026 Hong Kong Web3 Carnival roundtable discussion, exploring "From Finance to Strategy: How Public Companies Are Positioning Themselves Based on Digital Assets."Chalom, who worked at BlackRock for 20 years, began leading BlackRock's blockchain and digital assets team six years ago, during which he launched Bitcoin and Ethereum ETFs, raising about $100 billion at its peak. He stated that the choice to establish a digital asset treasury with Ethereum rather than Bitcoin is because Ethereum is a "native productive asset," which can earn nearly 3% returns through staking, while Bitcoin can only be held in anticipation of appreciation. Sharplink has been listed on Nasdaq and has raised billions of dollars to purchase Ethereum since launching its digital asset treasury strategy last June, currently holding approximately 770,000 ETH and earning about 17,000 ETH and over $35 million in rewards for investors through staking.Regarding industry trends, he pointed out that Ethereum is dominating three major use cases: stablecoins (over 60% occur on Ethereum), asset tokenization, and decentralized finance. He specifically warned that currently over 95% of stablecoins are denominated in US dollars, and if stablecoins are to become the payment rail for trillions of transactions in the AI economy, Asian regulators should not allow them to be dominated by the US dollar and US Treasury bonds, as this will trigger a geopolitical competition to advance local stablecoin legislation.Discussing market cycles, he noted that the crypto market has experienced significant pullbacks since last October, with short-term prices being unpredictable, but in the long term, the current risk-reward ratio is at its best level in a long time. He emphasized that digital asset treasuries are not passive investments; Ethereum is a high-volatility asset, and volatility is a characteristic of capital appreciation rather than a defect.