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Lawyer: Family Members Detained for "Virtual Currency Pyramid Scheme" — What Does It Really Mean? (Author: Lawyer Shao Shiwei)
This article analyzes a programmer's job search case to reveal that the so-called Web3 "wallet + marketplace + self-issued tokens" is actually a pyramid scheme in disguise: inflated product prices, locked-in rebates, recruitment-based commissions, manual withdrawals, and inability to circulate outside the platform form a pyramid trap;
Lawyers warn technical personnel to be cautious about participating in invitation rebates, unlocking, and review logic, as code itse

"Advances in Quantum Technology: An Opportunity for the Encryption Industry?" (Written by Sean Stein Smith, translated by Saoirse, Foresight News)
Risks are no longer just about "whether quantum computers will appear," but whether existing systems can be migrated quickly enough to post-quantum encryption systems;
Estimates suggest that "quantum nodes" may arrive as early as 2029, leaving the industry with a shorter time window to respond than most financial infrastructure upgrade cycles;
Investors often price in these structural risks before they fully materialize, which means capital wi

Crypto market maker Wintermute policy chief Ron Hammond stated that although legislative momentum in Washington is increasing, the probability of the Clarity Act passing in 2026 is only 30%. The bill aims to regulate the structure of the U.S. crypto market and clarify the regulatory responsibilities of the SEC and CFTC. Hammond pointed out that opposition from banks is the biggest obstacle, especially regarding whether stablecoins should generate yields. A compromise "yield agreement" proposal put forward about two weeks ago has already failed. (CoinDesk)

In response to rumors that Iran may seek to collect shipping tolls using cryptocurrencies, Kaitlin Martin, a senior intelligence analyst at Chainalysis, stated that under the current sanctions framework, any payments made to the Iranian government (including key waterway transit fees) could be considered "material support," posing serious sanctions risks for shipping companies that violate U.S. and international restrictions. Martin pointed out that while cryptocurrencies enable cross-border transfers outside the traditional financial system, their ledgers are transparent and permanently recor

《Stablecoin Issuance Market: Four Business Models Reshaping the Market》（Written by Tiger Research, compiled by AididiaoJP, Foresight News）Stablecoins are not a single-track category. The core principle for newcomers is to avoid competing with Tether and Circle on the same dimension. Tether has secured its leading position through first-mover advantage, reserves, and diversified investments; StraitsX builds a moat with payment fees and compliant licenses; M0 provides shared issuance infrastructure to address fragmentation and amplify network effects; KRWQ initially captures offshore Korean won

The open interest (OI) of Bitcoin futures on the Chicago Mercantile Exchange (CME) has fallen to $8.41 billion, the lowest level in 14 months. Glassnode analysts noted that this trend is mainly driven by the unwinding of basis trades: previously, the strategy built long positions via spot ETFs and hedged the resulting futures short exposure to profit from the spread, but in recent times the annualized return has dropped from 15%-20% to around 5%, prompting institutions to take profits. In addition, the daily trading volume of CME Bitcoin futures has also shrunk to below $3 billion. Analysts be

"The true goal of Hong Kong's 'sunny scheme' has never been stablecoins" (Author: Will A Wang)
If you assume that the purpose of this licensing is to "expand the Hong Kong dollar stablecoin industry," then every detail might not make complete sense. But if you consider an alternative hypothesis—that this licensing was originally meant to support not the "commercial stablecoin industry" itself—then it makes more sense.
HSBC and Standard Chartered may not have come with strategic intent.
For HSBC, applying for a Hong Kong dollar stablecoin is more of a defensive move rather than an active

"36 to 2! Hong Kong's First Stablecoin Licenses Announced, HSBC and Standard Chartered Joint Venture Successfully Approved" (Author: angelilu | Foresight News)
On April 10, the Hong Kong Monetary Authority announced the first batch of stablecoin licenses, with only 2 out of 36 applications approved, an approval rate of about 5%.
HSBC and Standard Chartered's joint venture (Anchorpoint) both made the cut, while major tech companies and new Web3 players were all rejected.
Hong Kong's stablecoin regulation demonstrates a high threshold for fund security, 100% fiat reserve, and independent c

According to Hong Kong Wen Wei Po, Hong Kong Monetary Authority Deputy Chief Executive Chen Weimin stated that the choice of which currency to issue for stablecoins mainly depends on the issuer’s business considerations. Currently, the first two licensed institutions will initially launch Hong Kong dollar stablecoins. In the future, if other currencies including the Renminbi are issued, it is permitted under Hong Kong’s system, but applicants need approval from mainland authorities. Regarding when the second batch of licenses will be issued, Chen Weimin said there is no specific timetable at t

According to Caixin, reliable sources have revealed that the second batch of Hong Kong compliant stablecoin issuer licenses is currently in the application stage. Futu Securities and OSL Group are both strong contenders for this batch of licenses. Additionally, the report added that in November last year, 13 ministries including the People's Bank of China jointly stated their stance, reaffirming their crackdown on virtual currency trading within China and explicitly classifying stablecoins as virtual currencies. This means that stablecoin trading will not be open in the mainland Chinese market

Opinion: Hong Kong's First Stablecoin Licenses Are Issued, The Winners Are Not Those Who Issue Coins, But Others Who Make Real Money
(Author: Shao Jiadian Lawyer | Mankun Blockchain Legal Services)
Hong Kong's first stablecoin licenses are issued, and the regulator's choice is not "who understands Web3 better," but "who is most controllable."
Issuing stablecoins has become a profit-squeezed "heavy asset, heavy compliance" infrastructure business.
The true winners are not the coin issuers, but those who control the flow of funds in scenarios such as transaction settlement, cross-border

According to the latest weekly operational data released by Bitdeer official, as of April 10, 2026, its weekly Bitcoin production was 165 coins, and all 165 BTC were sold during the same period, with a net increase of 0. Currently, Bitdeer's pure Bitcoin holdings amount to 0 (excluding customer deposits).

According to CoinDesk, Bhutan has sold 70% of its Bitcoin holdings over the past 18 months. Arkham data shows that Bhutan's Bitcoin holdings have decreased from approximately 13,000 coins in October 2024 to the current 3,954 coins (about $280.6 million), with $215.7 million worth of Bitcoin transferred out just this year. Additionally, Bhutan's mining fund inflows exceeding $100k have been recorded over a year ago, indicating that the country may have suspended its hydroelectric-powered Bitcoin mining operations.

Wu Shuo learns that Ethereum's third-largest treasury company, The Ether Machine, and special purpose acquisition company Dynamix Corporation announced that due to unfavorable market conditions, both parties agree to terminate the previously signed business merger agreement and related support agreement in July 2025.
According to the termination agreement, the payer must pay $50 million to Dynamix within 15 days of the effective date.
The company still needs to complete the initial business merger by November 22, 2026; otherwise, liquidation and public share redemption procedures will be i

According to an official announcement from Standard Chartered Bank, Anchorpoint Financial Limited, a joint venture between Standard Chartered Bank, Hong Kong Telecom, and Animoca Brands, has obtained a license for stablecoin issuance issued by the Hong Kong Monetary Authority (HKMA). Anchorpoint has become one of the first two institutions in Hong Kong to receive this license, planning to launch the regulated Hong Kong dollar stablecoin HKDAP (i.e., HKD At Par) in phases starting from the second quarter of this year. The institution will adopt a B2B2C model, opening HKDAP to the public through

According to an official announcement from Standard Chartered Bank, Anchorpoint Financial Limited, a joint venture between Standard Chartered Bank, Hong Kong Telecom, and Animoca Brands, has obtained a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA). Anchorpoint has become one of the first two institutions in Hong Kong to be granted this license, and plans to launch the regulated Hong Kong dollar stablecoin HKDAP (i.e., HKD At Par) in phases starting from the second quarter of this year. The institution will adopt a B2B2C model, opening HKDAP to the public through author

According to Ember monitoring, World Liberty Financial (WLFI) has repaid 25 million USD1 loans on Dolomite, helping the platform's USD1 borrowable liquidity to recover to approximately 35 million USD. Meanwhile, the annualized interest rate for USD1 deposits on Dolomite has fallen back to 10.43%, slightly higher than USDC's 9.07% and USDT's 7.74%. Currently, WLFI still has an outstanding loan balance of about 162 million USD on the platform, including 152 million USD1 and 10.31 million USDC, with collateral of approximately 4.99 billion WLFI tokens, worth about 402 million USD at current price

The Spanish National Securities Market Commission (CNMV) stated that after reviewing the social media content of nearly 100 crypto investment influencers (finfluencers), approximately 10% were found to be in violation, including failure to disclose conflicts of interest, directly posting investment advice, and providing personalized investment consulting without proper licensing.
The regulatory agency indicated that those involved may face financial penalties if they do not make the necessary corrections. The review covered promotional content for Bitcoin and other crypto assets and was carr

The French National Cybersecurity Agency (ANSSI) has released the 2026–2027 National Cybersecurity Roadmap, requiring ministries and agencies to complete the migration of classified systems to post-quantum cryptography (PQC) by the end of 2030, and to only deploy encryption products with post-quantum protection capabilities starting from 2030. According to the schedule, each ministry and agency must complete an inventory of sensitive long-term data by the end of 2026 and identify affected encryption and digital signature systems by the end of 2027. ANSSI pointed out that this move aims to prev

Wu said that Nasdaq-listed Bitcoin mining company BitFuFu announced its March operating data, producing a total of 214 BTC that month and selling 80 BTC as part of its balance sheet management. As of the end of March, the company's Bitcoin holdings decreased to 1,794 BTC, valued at approximately $131 million at current prices. In terms of operations, the company's total hash rate slightly declined to 25.9 EH/s, and power capacity decreased to 457 MW, mainly due to the ongoing removal of old mining machines and upgrading to more energy-efficient equipment.