The Hong Kong Monetary Authority and Shanghai partners will study a blockchain cross-border platform linking cargo trade data, e-bills of lading and finance under Project Ensemble. Hong Kong and Shanghai authorities have agreed to deepen cooperation on using blockchain technology to streamline trade finance and cargo documentation, under a new partnership announced Monday. The Hong Kong Monetary Authority (HKMA), the Shanghai Data Bureau (SDB) and the National Technology Innovation Center for Blockchain (NTICBC) have signed a memorandum of understanding (MoU) to deepen collaboration in digitizing cargo trade and finance. The parties will conduct joint research on the benefits of developing a blockchain-based “cross-border platform” for interlinking trade data, electronic bill of lading and financial applications under the HKMA’s Project Ensemble, an initiative launched in 2024 to explore tokenized market infrastructure and new digital rails for financial services. Read more
Bitcoin avoided an Iran sell-off to start March, but traders still expected BTC price support to give way in bearish market conditions. Bitcoin (BTC) begins the first week of March 2026 in a holding pattern as fresh geopolitical tensions escalate. Bitcoin avoids major volatility as a new Middle East conflict breaks out, though sentiment remains cautious. Long-term BTC price patterns lead to a fresh $45,000 target. Read more
Qivalis, a European banking consortium, is reportedly in talks with crypto exchanges ahead of a planned euro stablecoin launch in the second half of 2026. Qivalis, a consortium of major European banks, is in advanced talks with crypto exchanges and liquidity firms to distribute its planned euro-pegged stablecoin, Spanish business newspaper Cinco Días reported Monday. The group, including banks such as ING, UniCredit, and the recent addition of BBVA, is moving toward the launch of a stablecoin in the second half of 2026, Cinco Días reported. The consortium is now reportedly in advanced discussions with crypto exchanges, market makers and liquidity providers. The shareholder banks themselves will also be able to distribute the stablecoin. Read more
Tokenholders backed a $42.5 million stablecoin package and 75,000 AAVE allocation for Aave Labs under a proposed DAO-funded revenue model. Aave’s “Aave Will Win” framework passed its Temp Check vote, clearing the first formal stage of the protocol’s governance process. On Sunday, the off-chain Snapshot vote closed with 52.58% voting in favor, 42% against and 5.42% abstaining. The result advances the measure to the Aave Request for Final Comment (ARFC) stage, where terms may be revised before any binding on-chain vote. The framework asks tokenholders to approve up to $42.5 million in stablecoins and 75,000 Aave (AAVE) tokens for Aave Labs. In return, the organization would route 100% of revenue from Aave-branded products to the Aave DAO treasury under a DAO-funded operating model. Read more
Deputy Prime Minister Koo Yun-cheol ordered an inter-agency review of seized crypto wallets after the National Tax Service exposed a seed phrase in a press release. South Korea’s Deputy Prime Minister and Minister of Economy and Finance, Koo Yun-cheol, announced a cross-agency sweep of how the government and public institutions handle seized digital assets after the National Tax Service (NTS) accidentally leaked a wallet seed phrase in a press release photo on Thursday. Officials published an image of a hardware wallet showing the full recovery phrase. Authorities lost roughly 4 million Pre-Retogeum (PRTG) tokens worth about 6 billion won ($4.8 million) from a confiscated wallet as a result. In a post on X, Yun-cheol said that the government, alongside the Financial Services Commission and Financial Supervisory Service, would review the status and management of all digital assets seized from delinquent taxpayers and “promptly” strengthen security controls. Read more