The compensation plan of the FTX exchange has been launched, but some users from countries such as China, Russia, and Ukraine are unable to receive compensation, raising concerns. This may be related to local regulatory policies and international financial sanctions. Although users are facing difficulties, there is still hope for compensation in the future through special liquidation channels or stablecoins.

This article analyzes the defense strategy in a virtual coin settlement case involving a programmer suspected of operating an illegal casino. The lawyer, through in-depth research of case law, organizing evidence, avoiding confrontation, and communicating with the prosecutor, ultimately reduced the court's sentence from a heavy penalty to two years of imprisonment with a three-year probation, demonstrating the ability of criminal defense lawyers to find breakthroughs in complex cases.

The Pectra upgrade is the largest upgrade in Ethereum's history, integrating the Prague and Electra proposals, expected to go live in 2025, aimed at improving scalability, security, and user experience. Key proposals include strengthening account abstraction, enhancing security, optimizing calldata pricing, and data availability sampling, which will drive the development of emerging fields such as Decentralized Finance and chain abstraction.

Validity Rollups (VRs) is a new Ethereum scaling solution that enhances transaction processing capacity through off-chain transaction execution and validity proof. There are mainly two Virtual Machine solutions: zkEVM focuses on Ethereum compatibility, while Cairo VM emphasizes performance and scalability. With technological advancements, VRs are expected to become the main scaling solution for Ethereum in the future.

The Sui platform will launch five innovative games this year, integrating Blockchain technology and immersive storytelling to enhance player experience. These games include various types such as MOB, gambling, and shooting, providing players with diversified entertainment and interaction, ushering in a new era of Web3 gaming.

The Poolz platform suffered an arithmetic overflow vulnerability attack on March 15, 2023, resulting in a loss of approximately $665,000. The attacker exploited a defect in the smart contracts to steal multiple ERC-20 Tokens, reminding developers to strengthen contract security audits and use updated versions of Solidity.

Visa holds an optimistic view on the future development of stablecoins, believing that the GENIUS Act will promote their application in the payment sector. To achieve widespread adoption, stablecoins need to build trust at the technical, reserve, and interface levels. Although the willingness to use stablecoins in developed markets is unclear, they show greater potential in the Asia, Africa, and Latin America regions. Stablecoins need time to develop, and Visa has actively laid out plans in multiple areas to support their adoption.

The rules of the game in the Web3 world are always astonishing. I once heard that the "advertising space" of a certain treasury project could be purchased, with the scheme being that the project party would subscribe to a certain amount of Tokens, and then the project leader would use part of the investment to purchase the other party's project Tokens, with the remaining portion used to buy mainstream Crypto Assets. At that time, we thought this practice was absurd and laughable, but when an intermediary actually came to us with a proposal, we realized that we were the ones who were naive.
The "Maimiao" culture during the financing process has left many newcomers to the industry feeling confused. During the ICO period in 2017, many people naively believed that it was enough to just develop a good product, promote it on forums, and set up an ICO address. At that time, we spent a lot of time answering questions on social media platforms and working hard to develop the product. It wasn't until later that we realized we also needed to network with important figures in the industry, seek advisors, find institutional endorsements, and collaborate with market makers and exchanges. Joining a certain camp often means

The SEC is facing challenges in the crypto assets space, adjusting its regulatory strategy to promote on-chain compliance. Through "Project Crypto", it encourages compliance in DeFi and fosters local development in the United States. At the same time, a framework for tokenization of assets is gradually being established, which may reshape the financial landscape in the future.

Puffverse is an emerging GameFi project focused on building a 3D Metaverse, aimed at connecting the Web3 and Web2 worlds. The project team consists of industry elites and has received support from multiple investment institutions, possessing strong technical and operational capabilities. Puffverse adopts a dual-income economic model, allowing both Web2 and Web3 players to participate in the game together, committed to creating an immersive experience and promoting sustainable development.

Hong Kong will launch a new digital asset policy in 2025, aimed at promoting financial innovation and compliance development, enhancing its position in global asset tokenization. The forum discussed the role of stablecoins and the challenges of technological integration, and initiated the "RWA Bridge Program" to help financial institutions enter the on-chain asset world, driving the digitization of real-world assets. The event attracted over 300 industry representatives, encouraging more collaboration to promote the integration of Blockchain and TradFi.

Web3 Innovation or Overstepping? In-depth Analysis of the Robinhood Stock Token Incident
Recently, a well-known internet brokerage announced the launch of "stock tokens" linked to the equity of several top private companies for European users, which has attracted widespread attention. However, one of the companies quickly issued a statement saying that it has no connection to these tokens and emphasized that these tokens do not represent the company's actual equity.
This event not only reveals the contradiction between financial innovation and traditional equity management but also provides a thought-provoking case for regulators and market participants. This article will analyze the impact and significance of this event in depth.
1. Event Background
1. Company Profile
The involved brokerage is a financial technology company headquartered in California, primarily providing free stock trading services to retail investors. The company earns revenue through client cash balance interest, margin financing interest, and selling order flow to high-frequency trading firms.

Hong Kong is actively promoting the development of Web3, attracting the return of encryption enterprises and talents. However, whether it can successfully transform into a Web3 center in the future depends on how to achieve a balance between regulation and innovation. The government will introduce new policies while facing the challenge of tightening global regulations.

Today's news in brief:
A certain company holds 16 million US dollars worth of TAO tokens, becoming the largest publicly held company in the relevant project.
An organization purchased nearly 15,000 ETH and still has $407 million in available funds.
A game company today purchased another 11,259 ETH, bringing its total holdings to 449,000 ETH.
A certain exchange has submitted a general listing standard for crypto asset ETP, SOL and XRP.

Cross-chain interoperability: the "Link Link Look" of the encryption world
With the rapid development of blockchain technology, the concept of a multi-chain universe is gradually taking shape. However, this prosperity has also brought about complexity and fragmentation issues. For new users, the barriers to using encryption applications remain high, involving complex steps such as wallet mnemonics, acquiring Gas tokens, and cross-chain operations. Even for experienced players, transferring assets between different chains is not an easy task.
According to a report, the global digital currency user base is expected to reach 562 million by 2024, accounting for 6.8% of the world population, an increase of 34% compared to 2023. Simplifying the operational process has become key to attracting more users into the encryption world. Against this backdrop, projects focused on cross-chain interoperability have emerged, among which StripChain is a typical representative.
The interoperability challenges of the blockchain world
The diversified development of blockchain has brought about various

Regulatory Dynamics
The Inner Mongolia Autonomous Region Development and Reform Commission has released a draft for public consultation, planning to comprehensively clean up and shut down virtual currency mining projects by the end of April, and strictly prohibit the establishment of new related projects. This is to ensure the completion of the "14th Five-Year Plan" energy consumption dual control target tasks.
The IRS has updated its cryptocurrency FAQ, clarifying that purchasing cryptocurrency with fiat currency does not require tax reporting. However, if one cryptocurrency is used to purchase another, it must be reported on Form 1040.
The Bogotá Bank in Colombia has started a cryptocurrency pilot program, allowing select customers to trade, deposit, and exchange cryptocurrencies on its platform.
The Vietnamese Ministry of Finance has warned about the risks of cryptocurrency trading, stating that there are currently no regulations regarding the issuance and trading of cryptocurrencies. The National Securities Commission has requested publicly listed companies and others not to provide trading and intermediary services for cryptocurrencies.
The Nigerian Stock Exchange has committed to developing a regulatory framework for digital assets to promote