Weekly Preview | California Opens Digital Asset License Application Channel; Aptos (APT) to Unlock Tokens Worth Approximately $10.5 Million

marsbitОпубліковано о 2026-03-08Востаннє оновлено о 2026-03-08

Анотація

This week in crypto and finance features significant regulatory developments, economic data releases, and key token unlocks. California's Digital Financial Assets Law (DFAL) licensing application portal opens on March 9, requiring crypto service providers to comply by July 1, 2026. The UK's Treasury Committee closes its consultation on stablecoin regulation on March 11. Major economic data includes the US releasing February's CPI and core CPI figures on March 11. In project updates, Polkadot will implement a major economic overhaul on March 12, capping DOT's total supply at 2.1 billion and introducing new staking mechanics. Several tokens have unlocks this week: Movement (MOVE) unlocks $3.4M on March 9, io.net (IO) unlocks $1.3M on March 11, Aptos (APT) unlocks $10.5M on March 13, and Starknet (STRK) and Sei (SEI) unlock $4.8M and $3.6M respectively on March 15. Other events include a财报电话会 for Sharplink, Ethereum Day in Hong Kong focusing on AI and DeFi, and Neutron deploying a bug fix on March 9.

Key Events Preview:

  • California announces the enforcement of digital asset license regulations, with the license application channel opening on March 9
  • Sharplink to hold its 2025 earnings call on March 9
  • Polkadot plans to implement economic model reforms starting March 12, limiting the total supply of DOT to 2.1 billion tokens
  • On Wednesday, March 11, at 20:30, the US will release the February unadjusted CPI annual rate and unadjusted core CPI annual rate
  • Aptos (APT) will unlock approximately 11.31 million tokens at 6:00 AM Beijing Time on March 13, accounting for about 0.69% of the current circulating supply, with a value of approximately $10.5 million

March 9

Policy & Regulation:

California announces enforcement of digital asset license regulations, application channel opens March 9

The California Department of Financial Protection and Innovation recently officially released the implementation rules for the Digital Financial Assets Law (DFAL), clearly stipulating that any individual or institution providing crypto-related services to California residents must obtain a DFAL license, submit a license application, or obtain an exemption by July 1, 2026, or face enforcement action. The license application channel will officially open on March 9 through the Nationwide Multistate Licensing System, and the regulator has also scheduled an industry training session for March 23.

Project Updates:

Sharplink to hold 2025 earnings call on March 9

Sharplink announced that it will hold its full-year 2025 earnings call at 8:30 AM ET on Monday, March 9, where management will release the full-year financial results and conduct a live Q&A. Investors can listen to the call via toll-free number, international long distance, or webcast; the organizer also provides a "call me" callback option for quick access. The company also stated that a replay will be available approximately 3 hours after the call, accessible until March 23 via phone or the investor page on the official website.

DoubleZero to launch Phase 2 delegation plan on March 9, optimizing global distribution of Solana validators

DoubleZero, a crypto infrastructure startup co-founded by former Solana Foundation executive Austin Federa, will launch the second phase of its delegation plan on March 9, redistributing 2.4 million SOL from its 13 million SOL pool to reward validators operating in underrepresented regions such as São Paulo, Singapore, Hong Kong, and Tokyo. Each region will receive up to 600,000 SOL in additional delegated staking incentives, aiming to reduce the increasingly concentrated geographic distribution of Solana validators in Europe and introduce the "multicast" data transmission function widely used in traditional finance. Federa stated that an unintended consequence of blockchain speed increases is the tendency for validators to co-locate, similar to the early days of high-frequency trading on Wall Street where firms raced to place servers near the NYSE.

Neutron: White hat hacker discovers vulnerability, fix to be deployed on March 9

Cosmos cross-chain smart contract platform Neutron posted on X that a white hat hacker discovered a vulnerability through its bug bounty program. To fix this vulnerability, a patch is planned for deployment. Currently, order book and super vault (deposit, withdrawal, etc.) functions are suspended and are expected to be back online on March 9. Neutron added that platform funds are safe and unaffected, and users need not take any action for now.

Cross-game digital asset exchange platform Nexira plans TGE on March 9

Cross-game digital asset exchange platform Nexira plans its Token Generation Event (TGE) on March 9. Additionally, the official stated that Commemoration Bonuses will be launched soon. Nexira was originally scheduled for TGE on February 25, but due to CEXs extending their Lunar New Year holidays, the team decided to postpone it by 5 to 10 days. Furthermore, the official stated that Ruby rewards will be increased to 150 million or more (originally 50 million). The team is continuously conducting airdrop verification to detect fraud and farming activities.

Token Unlocks:

Movement (MOVE) will unlock approximately 164 million tokens at 8:00 PM Beijing Time on March 9, accounting for about 5.18% of the current circulating supply, with a value of approximately $3.4 million

March 10

Exchanges:

Binance updates fiat liquidity provider program, promotional fee rates effective March 10

Binance has updated its Fiat Liquidity Provider Program. As part of an ongoing promotion, the maker fee rebate rate for secondary USD trading pairs will be adjusted from -0.01% to -0.015%. The promotional fee rates will take effect from 08:00 on March 10, 2026, until further notice. Performance assessment will begin at 08:00 on March 2, 2026.

March 11

Macroeconomics:

On Wednesday, March 11, at 20:30, the US will release the February unadjusted CPI annual rate, unadjusted core CPI annual rate; seasonally adjusted CPI monthly rate, seasonally adjusted core CPI monthly rate;

Policy & Regulation:

UK Treasury Committee launches stablecoin inquiry, call for evidence closes March 11

The UK Treasury Committee has launched an inquiry into stablecoins, inviting submissions from interested parties on the growth of stablecoins in the UK and proposed regulatory issues. The deadline for submitting written evidence is March 11, 2026.

The inquiry includes 6 key questions on stablecoins:

  • The development of the global stablecoin market and issuance since 2014, and a comparison of the UK market with the US and EU;
  • The future development prospects, user base, and uses of GBP-denominated stablecoins, and the impact of current regulatory rules;
  • The opportunities and risks stablecoins (GBP and USD-denominated) pose to the UK economy, financial services sector, and retail users, including potential impacts on monetary policy, traditional financial intermediation, and financial crime;
  • The impact of stablecoin development on the statutory objectives of the Bank of England (BoE), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA);
  • The impact of the proposed regulatory regimes by the Bank of England and FCA on the adoption of systemic and non-systemic stablecoins within the UK and internationally;
  • Lessons the UK can learn from the stablecoin regulatory approaches of jurisdictions like the US and EU.

Community Events:

Ethereum Day to be held in Hong Kong on March 11, focusing on AI, RWA, and DeFi

Ethereum Day: AI / RWA / DeFi, a themed event jointly organized by the Ethereum Foundation's Ethereum Everywhere team, SNZ, and ETHTAO, will be held at the Hong Kong Ethereum Community Hub on March 11. The event will feature representatives from the Ethereum Foundation, Adrian Li and Tiena Sekharan, focusing on the intersection and integration of the three cutting-edge fields: AI, RWA, and DeFi. The agenda includes an Ethereum Foundation 2026 update, as well as two in-depth thematic discussions: "How RWA Bridges CeFi and DeFi" and "The Synergy between AI and Blockchain".

Token Unlocks:

io.net (IO) will unlock approximately 13.29 million tokens at 8:00 PM Beijing Time on March 11, accounting for about 4.37% of the current circulating supply, with a value of approximately $1.3 million

March 12

Project Updates:

Polkadot plans to implement economic model reforms starting March 12, limiting DOT total supply to 2.1 billion tokens

Polkadot will implement a series of economic structure adjustments starting March 12, 2026. The core of this reform includes: setting a hard cap on the total supply of DOT at 2.1 billion tokens; introducing a Dynamic Allocation Pool (DAP) to replace the original treasury burn mechanism, depositing transaction fees, Coretime sales revenue, and slashing proceeds into a perpetual account for dynamic budget allocation; and issuing 13.14% of the remaining supply every two years, with the initial phase issuance being 53.6% lower than the current model. Additionally, the staking mechanism will see major updates: from mid-to-late March, validators will need to hold at least 10,000 DOT in slashable self-stake and set a minimum commission rate of 10%; starting in April, nominators will become non-slashable, and the unstaking period will be significantly shortened from 28 days to 24-48 hours.

March 13

Exchanges:

Upbit to delist Solar (SXP) and Oasys (OAS) on March 13

Upbit will delist Solar (SXP) and Oasys (OAS) on March 13.

Project Updates:

Fabric: ROBO token claim open until March 13

The Fabric Foundation previously tweeted that the ROBO token claim page is open to eligible users who have signed the terms. Users can claim ROBO tokens until 11:00 on March 13.

Token Unlocks:

Aptos (APT) will unlock approximately 11.31 million tokens at 6:00 AM Beijing Time on March 13, accounting for about 0.69% of the current circulating supply, with a value of approximately $10.5 million

March 14

None

March 15

Token Unlocks:

Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing Time on March 15, accounting for about 4.40% of the current circulating supply, with a value of approximately $4.8 million

Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 PM Beijing Time on March 15, accounting for about 1.00% of the current circulating supply, with a value of approximately $3.6 million

Пов'язані питання

QWhat is the regulatory development in California regarding digital assets, and when does the application process open?

ACalifornia's Department of Financial Protection and Innovation has officially released the implementation rules for the Digital Financial Assets Law (DFAL). It requires any individual or institution providing crypto-related services to California residents to obtain a DFAL license, submit a license application, or obtain an exemption by July 1, 2026. The license application channel will officially open on March 9 through the Nationwide Multistate Licensing System.

QWhat significant economic model reform is Polkadot (DOT) implementing, and what is the new total supply cap?

APolkadot is implementing a series of economic architecture adjustments starting March 12, 2026. The core of the reform includes setting a hard cap on the total DOT supply at 2.1 billion tokens.

QHow many APT tokens will be unlocked on March 13th, and what is their approximate value?

AApproximately 11.31 million APT tokens will be unlocked on March 13th at 6:00 AM Beijing Time, with an approximate value of $10.5 million.

QWhich major U.S. economic indicator is scheduled for release on March 11th, and what time will it be announced?

AThe U.S. February unadjusted Consumer Price Index (CPI) year-over-year rate and unadjusted core CPI year-over-year rate, along with the seasonally adjusted CPI month-over-month rate and core CPI month-over-month rate, are scheduled to be announced on Wednesday, March 11th, at 20:30 (8:30 PM) local time.

QWhat is the purpose of DoubleZero's second-phase delegation plan starting March 9th on the Solana network?

ADoubleZero's second-phase delegation plan aims to optimize the global distribution of Solana validators. It will reallocate 2.4 million SOL from its 13 million SOL pool to reward validators operating in underrepresented regions like São Paulo, Singapore, Hong Kong, and Tokyo, with up to 600,000 SOL of additional delegated staking incentives per region. This is intended to reduce the increasing geographical concentration of validators in Europe.

Пов'язані матеріали

Behind HYPE's Repeated Record Highs, the 'Minions' in the Ecosystem Can't Keep Up

While HYPE, the native token of the Hyperliquid ecosystem, surges to new all-time highs above $76 and attracts significant institutional ETF inflows, a starkly different reality unfolds within its HyperEVM application layer. Multiple core DeFi protocols across lending, NFTs, stablecoins, and DEXs have announced shutdowns between May and June. The article argues HYPE functions more like an "application stock" than a traditional ecosystem token. Its value is anchored to the trading fees from Hyperliquid's core perpetual contracts platform (HyperCore), which boasts a diversified revenue stream from crypto, commodities, and indices. Approximately 97% of protocol fees fund buybacks and burns of HYPE. This means HYPE's price is largely decoupled from the health of projects built on HyperEVM. The closures of significant projects like lending protocol HypurrFi (peak TVL >$300M) and NFT marketplace Drip.Trade highlight a structural tension. Hyperliquid's minimalist philosophy offers infrastructure without official grants, liquidity support, or marketing coordination for HyperEVM projects. This forces protocols into a fiercely competitive environment from day one. Furthermore, the success of HyperCore creates a liquidity vacuum, and mechanisms like HIP-3 (allowing direct perpetual market deployment) divert user attention and capital away from application-layer projects. The stronger the core perpetual trading business becomes, the more difficult it is for peripheral "DeFi lego" projects to survive and capture value, despite the flagship token's rising price.

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Behind HYPE's Repeated Record Highs, the 'Minions' in the Ecosystem Can't Keep Up

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Conversation with Arthur Hayes: AI Has Drained Market Liquidity, BTC Will Be Below 100k by Year-End

In this June 2026 podcast interview, BitMEX co-founder Arthur Hayes explains his decision to sell his major crypto holdings (HYPE, NEAR, Worldcoin, Zcash). His rationale is based on a macro view linking oil prices, the Iran conflict, US politics, and an impending AI bubble burst. Hayes argues that high oil prices, driven by the ongoing war, will pressure domestic US inflation. To salvage the Republican Party's chances in the midterm elections, he believes Donald Trump may pivot to a populist, anti-AI stance—advocating for taxes and regulation—which would deflate the AI investment narrative. He sees the AI sector, particularly massive capital expenditure on data centers, as having absorbed nearly all excess market liquidity (around $1.5 trillion in debt issuance since 2025), starving other assets like Bitcoin. He highlights the upcoming SpaceX IPO at a ~$1.8 trillion valuation and 100x price-to-sales ratio as a potential tipping point. If these hyped IPOs underperform, it could shatter market confidence in AI. In such a scenario, all risk assets, including crypto, would fall together as correlations converge to 1 during a broad correction. Hayes has moved his portfolio into Treasuries and energy stocks (like ExxonMobil), predicting Bitcoin will be below $100k by year-end. He sees a potential crypto bull market only after the AI frenzy cools, liquidity stops flowing exclusively into AI, and possibly after a significant market downturn prompts new monetary stimulus.

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Conversation with Arthur Hayes: AI Has Drained Market Liquidity, BTC Will Be Below 100k by Year-End

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Fed's Internal Doves Flock to Hawkish Stance, Warsh's Debut "Between a Rock and a Hard Place"

U.S. Federal Reserve officials who previously advocated for rate cuts, including Governor Christopher Waller, have recently shifted their stance, with many now not ruling out the possibility of future rate hikes. This sets a challenging stage for new Fed Chair Kevin Warsh's first policy meeting. Appointed by President Trump based on his dovish views, Warsh now faces a committee where the debate has pivoted from "when to cut" to "whether to hike," driven by persistent inflation above 3%, a strong labor market, and supply-side pressures from AI infrastructure demands and geopolitical tensions. Key figures illustrate the shift. Governor Waller, once concerned about employment, now says data has pushed him toward considering rate increases. Even moderate voices like Governor Lisa Cook, while expecting inflation to ease, have indicated readiness to hike if it fails to do so. Long-time hawks such as regional Fed presidents Beth Hammack, Lorie Logan, and Neel Kashkari have grown more vocal, arguing that the real policy rate is effectively falling and that action may soon be needed. The upcoming Fed meeting is expected to keep rates steady but will likely remove the "easing bias" from its statement, signaling a neutral stance between cuts and hikes. The quarterly "dot plot" is anticipated to show most officials projecting no cuts this year, with some potentially indicating hikes. Chair Warsh, a critic of the Fed's reliance on forward guidance like the dot plot, must navigate communicating this pivot using tools he has questioned, all while steering policy in a direction counter to the preferences of the president who appointed him. The consensus suggests the Fed's next move could well be a rate increase.

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Fed's Internal Doves Flock to Hawkish Stance, Warsh's Debut "Between a Rock and a Hard Place"

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The Trillion-Yuan Market Cap 'Yi Zhong Tian': Who is the True Value King?

The article analyzes the three leading Chinese optical module companies, collectively nicknamed "Yi Zhong Tian": Xinyisheng, Zhongji Innolight, and TFC Optical Communication. It evaluates their "cost-performance" not by current stock price, but through three lenses: PEG ratio (growth vs. valuation), earnings quality, and premium/discount for certainty. Xinyisheng shows the most attractive PEG ratio and high profitability, but its valuation reflects discounts for risks like high customer concentration and reliance on overseas markets. Zhongji Innolight, the most expensive, commands a premium for its market leadership, dominant share in key products like 800G/1.6T modules, and higher earnings certainty, though it faces geopolitical risks. TFC Optical, as an upstream component supplier ("water seller"), has the highest gross margin and bets on the long-term CPO/NPO architecture trend, but trades at a high valuation with more stable, less explosive growth. The core argument is that while these companies dominate module assembly, the true profit pool and technological moat lie upstream in laser and switch chips, currently controlled by U.S. firms like Lumentum and Coherent. The long-term "cost-performance" for these Chinese leaders hinges on whether the domestic industry, exemplified by companies like Yuanjie Technology, can successfully move up the value chain into high-power laser chips. Otherwise, their high growth may remain confined to the lower-margin assembly segment.

marsbit1 год тому

The Trillion-Yuan Market Cap 'Yi Zhong Tian': Who is the True Value King?

marsbit1 год тому

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