PANews

Original authors: Huang Wenjing, Yan Xuesong
Introduction
As an international financial center, Hong Kong reaffirms its commitment to becoming a global innovation hub in the digital asset sector through the Digital Asset Development Policy Declaration 2.0. The upgrade of crypto asset trading platforms and Hong Kong Securities and Futures Commission's traditional license "VA Upgrade" is more like the first step in a comprehensive regulatory system for digital assets.
By 2026, with the focus on Virtual Asset (VA) Dealing and VA

Author: OKX
Introduction
Currently, the exploration of RWA in the crypto market mainly focuses on asset tokenization—namely, how to map ownership of real-world assets such as government bonds, stocks, or real estate onto the blockchain to achieve more efficient settlement and custody. However, this solution, centered on efficient holding and settlement, cannot fully meet the needs of the other side of the market, which involves much larger and more active trading volumes: leveraged trading and risk management related to asset price fluctuations.
In fact, the true engine of liquidity in global financial markets is not static asset holders, but traders seeking leveraged directional exposure. From the nominal value of approximately $50 trillion in the U.S. monthly-end options market to the approximately $30 trillion in monthly trading volume of CFD( contracts outside the U.S., retail investors' demand for high leverage and short-term risk exposure has never waned. Despite the enormous trading scale

Written by: Blue Fox
Yesterday, we discussed the most strategically valuable Ethereum L2. Today, let's talk about the coolest Ethereum L2.
This idea may sound crazy, but it's not impossible.
Simply put, when AI agents operate on Ethereum L1, if they encounter performance bottlenecks (such as high transaction fees, latency, or computational limits), they could theoretically "spontaneously" initiate migration or move to L2. However, truly "inheriting" a spontaneously formed L2 chain—meaning an agent deploying, configuring, and running an autonomous L2—currently isn't fully automated with the 2026 tech stack. But as

The Central Bank of Kazakhstan plans to invest up to $350 million in crypto assets, with investments starting from April to May, accounting for only 0.5% of reserves. At the same time, crypto assets seized by law enforcement will also be included in the national crypto fund, demonstrating the country's further recognition and cautious attitude towards cryptocurrencies.

Written by: imToken
From a purely intuitive perspective, since 2025, the update frequency of the Ethereum core developer community has been exceptionally intense.
From the Fusaka upgrade, to Glamsterdam, and to long-term plans over the next three years focusing on kEVM, quantum-resistant cryptography, Gas Limit, and other topics, Ethereum has released multiple roadmap documents covering three to five years in just a few months.
This pace itself is a signal.
If you carefully read the latest roadmap, you'll find a clearer and more aggressive direction emerging: Ethereum is transforming itself into a verifiable computer, and the ultimate goal of this path is L1 zkEVM.
1. The Three Shifts in Ethereum Narrative Focus
On February 26, Ethereum Foundation researcher Justin Drake posted on social media, stating,

In the grand narrative of the rapid evolution of global fintech and Web3 today, the East and West are demonstrating fundamentally different underlying logics. While Western crypto narratives mainly focus on scalability of public chains (such as Layer 2 solutions and modular blockchains) and asset securitization through spot ETFs, China is forging a "hardcore" path centered on national-level digital infrastructure, emphasizing large-scale on-chain integration of real economy and real-world assets (RWA).
On March 5, 2026, during the first "Representative Passage" at the Fourth Session of the 14th National People's Congress, Deputy Dong Jin, President of Beijing Microchip Blockchain and Edge Computing Research Institute, disclosed a series of industry-shocking data and scientific research achievements. The core point is: China has successfully developed the world's first integrated soft and hard blockchain underlying operating system and launched the world's first 96-core blockchain dedicated acceleration chip. The emergence of this "Chinese chip" not only

News Preview:
California Announces Enforcement of Digital Asset Licensing Regulations, License Application Portal Opens on March 9
Sharplink to Hold FY2025 Earnings Call on March 9
Polkadot Plans to Implement Economic Model Reforms Starting March 12, Limiting Total DOT Supply to 2.1 Billion
On Wednesday, March 11 at 20:30, the US will release February Unadjusted CPI Year-over-Year and Core CPI Year-over-Year
Aptos (APT) will unlock approximately 11.31 million tokens at 6:00 AM Beijing Time on March 13, representing about 0.69% of the current circulating supply, valued at approximately $10.5 million
March 9
Policy & Regulation:
California Announces Enforcement of Digital Asset Licensing Regulations, License Application Portal Opens on March 9
California Department of Financial Protection and Innovation officially releases the Digital Financial Assets Law (DFA)

Author: Stacy Muur, Crypto KOL
Compiled by: Felix, PANews
Web3 is not just Web2 with tokens added. Founders who see Web3 this way will ultimately be eliminated by the times or end up in jail.
The gap between billion-dollar successful protocols and billion-dollar failures ultimately boils down to understanding what changes occur when ownership, incentives, and transparency become inherent attributes of a product.
If you do it right, you can build Uniswap, Coinbase, or Aave; if you do it wrong, you might become Do Kwon—causing a chain reaction in the industry due to a collapse and facing 12 years in prison.
This report summarizes insights from a16z

Author: Liang Yu
Editor: Zhao Yidan
On March 2, 2026, the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Blockchain Technology Innovation Center jointly signed the "Memorandum of Understanding on Digital Cooperation in Shanghai-Hong Kong Freight Trade and Finance." This news, in the eyes of industry insiders focused on digital finance, carries extraordinary significance.
According to a report by China Securities Journal, which was reprinted by the Shanghai Municipal Financial Supervision and Administration Bureau, the three parties will jointly explore innovative cooperation in digital technology and applications, investigate the use of digital technology to build a "cross-border platform," conduct cross-border financial cooperation within the Ensemble project, study how to apply electronic bills of lading, and promote integration with Business Data Tong and CargoX to drive trade financing through freight and trade data. Hong Kong Monetary Authority Deputy Chief Executive Li Dazhi stated that this cooperation marks an important milestone in the financial innovation collaboration between the two regions and will aim to facilitate the flow of mainland freight and trade data through Hong Kong and the international data ecosystem.