Home Blog Page 657

KBW2026 Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026

info@uweb3.io
-
0
KBW2026 Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Hong Kong, 23rd March 2026,  ZEX PR WIRE — Hong Kong Web3 Festival 2026 is honored to welcome KBW2026 as a Secondary Exhibition Sponsor, a partnership that brings together two of Asia’s most influential Web3 events under a shared commitment to advancing the global blockchain ecosystem.

Korea Blockchain Week (KBW) has firmly established itself as one of the most anticipated events on the global Web3 calendar. Kicking off in Seoul from September 29 to October 1, KBW2026 will once again gather the global Web3 community for an immersive week of cutting-edge insights, technological showcases, and meaningful collaboration. Seoul has long been recognized as one of the world’s most crypto-forward cities, home to a vibrant developer community, a highly engaged retail investor base, and an increasingly progressive regulatory environment that is actively shaping the future of digital assets in Asia. Against this backdrop, Korea Blockchain Week serves as the definitive gathering point for global industry leaders, institutional players, emerging projects, and passionate builders who are collectively driving the next phase of Web3 adoption. Whether you are an investor seeking the next breakthrough opportunity, a developer looking to connect with the most innovative protocols, or a policymaker exploring how blockchain can reshape public infrastructure, KBW2026 offers an unparalleled platform to engage, learn, and forge partnerships that matter. Join the global industry leaders in Seoul: https://koreablockchainweek.com

KBW2026’s sponsorship of Hong Kong Web3 Festival 2026 is a natural alignment of two events that share a common mission: to accelerate the growth of Web3 by creating high-quality spaces for dialogue, discovery, and deal-making. By participating in Hong Kong Web3 Festival, KBW2026 extends its reach into one of the world’s most strategically important financial hubs, connecting its community with the thousands of professionals, investors, and innovators who will converge in Hong Kong this April. It is a partnership that strengthens both ecosystems and reinforces the idea that Asia’s Web3 future is being written collaboratively, across borders and communities.

The Hong Kong Web3 Festival, co-hosted by Wanxiang Blockchain Labs and HashKey Group, has been Asia’s premier crypto conference since 2023. Previous editions brought together over 350 exhibitors and more than 1,200 speakers for substantive discussions spanning blockchain infrastructure, decentralized finance, digital asset regulation, and emerging technology trends. These gatherings attracted a cumulative total of 100,000 visitors and hosted over 400 diverse side events, cementing the festival’s status as one of the most consequential and well-attended events in the global crypto industry.

Following the sellout success of its previous editions, Hong Kong Web3 Festival returns on April 20–23 at the Hong Kong Convention and Exhibition Centre (HKCEC). Now entering its fourth year, this four-day event will once again draw tens of thousands of Web3 professionals, institutional investors, developers, and enthusiasts from every corner of the globe — all converging in one of the world’s most dynamic and internationally connected financial centers to connect, learn, and draw inspiration from the brightest minds shaping the decentralized future.

Web3 Festival 2026 has charted a focused and forward-looking agenda for innovation and industry growth, with primary emphasis on the convergence of traditional finance and crypto finance, the transformative potential of AI integrated with Web3 infrastructure, and the rapidly expanding market for Real-World Assets (RWAs). These themes represent the most active frontiers of the global Web3 industry today, and the conversations, announcements, and collaborations emerging from this festival are expected to reverberate across the ecosystem for months to come.

The conference will also convene top experts, leading regulators, and the most innovative Web3 projects from around the world to exchange ideas, share best practices, and provide grounded, forward-looking perspectives on the continuously evolving Web3 landscape.

Featured speakers include:

  • Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region
  • Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission
  • Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
  • Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
  • Lennix Lai, Chief Commercial Officer, OKX Global
  • Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
  • Lily Liu, President, Solana Foundation
  • Joseph Chalom, CEO, Sharplink
  • Francis B. Zhou, CEO, Quantum Solutions
  • Abdelhamid Bizid, Managing Director, BlackRock
  • Phil Kang, CEO, ZR Financial Group
  • Yat Siu, Co-Founder and Chairman, Animoca Brands
  • Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
  • Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development
  • DIAO Zhihai, Head of International Business of Wealth Management, CICC
  • Chris Lee, Vice President, ETF China Asset Management (Hong Kong)
  • Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital
  • David Lee, Chairman, Global FinTech Institute
  • Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

With a speaker lineup of this caliber — spanning government regulators, global financial institutions, and the most innovative teams building in Web3 today — Hong Kong Web3 Festival 2026 is set to be its most impactful edition yet. For KBW2026, participation at this event is both a statement of intent and an invitation: the global Web3 community is converging, and the momentum builds from Hong Kong in April all the way to Seoul in September.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026







Fed’s Miran speaks, Bitgo earnings, Casper hard fork: Crypto Week Ahead

info@uweb3.io
-
0
Fed’s Miran speaks, Bitgo earnings, Casper hard fork: Crypto Week Ahead

As the war with Iran enters its fourth week, crypto markets will be dominated by macro events.

Off the global stage, however, traders will be navigating a number of supply events while Aave prepares for the deployment of its v4 platform and hard forks loom for both the Akash and Casper networks.

A number of Fed speakers also make an appearance, with Governor Stephen Miran’s scheduled appearance at the Digital Asset Summit in New York being a highlight.

On the earnings front, Wall Street will get a fresh look at not-so-meme stock firm GameStop (GME), which has a bitcoin treasury of 4,710 BTC, alongside reports from companies including BitGo, a provider of crypto services to institutions.

What to Watch

(All times ET)

  • Crypto
  • Macro
    • March 23, 10:00 a.m.: U.S. Construction Spending MoM for January est. 0.1% (Prev. 0.3%)
    • March 23, 11:00 a.m.: Euro Area Consumer Confidence Flash for March est. -16 (Prev. -12.2)
    • March 23, 7:30 p.m.: Japan CPI YoY for February (Prev. 1.5%); Core CPI est. 1.7% (Prev. 2%)
    • March 24, 8:15 a.m.: U.S. ADP Employment Change Weekly (Prev. 9K)
    • March 24, 8:30 a.m.: U.S. Nonfarm Productivity QoQ Final Q4 est. 2.5 % (Prev. 5.2%)
    • March 24, 9:45 a.m.: U.S. S&P Global Composite PMI Flash for March (Prev. 51.9); Manufacturing PMI (Prev. 51.6); Services PMI (Prev. 51.7)
    • March 24, 6:30 p.m.: Fed Gov. Michael Barr Speech on “Economic Outlook and Community Development” at National Community Investment Conference, Phoenix
    • March 25, 3:00 a.m.: U.K. Inflation Rate YoY for February est. 3% (Prev. 3%); Core est. 3.1% (Prev. 3.1%)
    • March 25, 8:30 a.m.: U.S. Import Prices MoM for February est. 0.2% (Prev. 0.2%); Export Prices MoM (Prev. 0.6%)
    • March 26, 8:30 a.m.: U.S. Initial Jobless Claims for week ending March 21 est. 210K (Prev. 205K)
    • March 26, 8:30 a.m.: U.S. Continuing Jobless Claims for week ending March 14 (Prev. 1,857K)
    • March 26, 4:00 p.m.: Fed Gov. Lisa Cook speech on “Reflections on Financial Stability” at Yale
    • March 26, 4:30 p.m.: Fed Balance Sheet for week ending March 25 (Prev. $6.66T)
    • March 26, 7:00 p.m.: Fed Vice Chair Philip Jefferson speech on “Economic Outlook and Energy Effects” at Global Perspectives Speaker Series, Dallas
    • March 26, 7:10 p.m.: Fed Gov. Michael Barr speech on “Economy”, Washington, D.C.
    • March 27, 10:00 a.m.: U.S. Michigan Consumer Sentiment Final for March est. 55.5 (Prev. 56.6)
  • Earnings (Estimates based on FactSet data)
    • March 23: BTCS Inc. (BTCS), post-market, $0.01
    • March 24: GameStop (GME), post-market, $0.31
    • March 26: BitGo Holdings (BTGO), post-market, -$0.41
    • March 26: Hyperion DeFi (HYPD), pre-market, -$4.62
    • March 27: Sphere 3D (ANY), post-market, -$4.68
    • March 27: Bonk Inc (BNKK), post-market
    • March 27: Mawson Infrastructure Group (MIGI), post-market, -$10.40
    • March 27: ZeroStack (ZSTK), post-market, -$1.97

Token Events

  • Governance votes & calls
    • Aave DAO is voting on deploying Aave V4 with a security-first initial setup, conservative risk parameters, and a modular hub and spoke architecture. Voting ends March 23.
    • Floki DAO is voting to rank entries from Floki’s third guerrilla marketing competition. Voting ends March 23.
    • StakeDAO’s sdSPECTRA is voting on the Spectra gauge weight allocation for the period of March 26 to April 1, 2026. Voting ends March 24.
    • Gitcoin DAO is voting on a request from the treasury to fund DAO operations for 2026, covering governance, builder engagement and ecosystem growth. Voting ends March 25.
    • Decentraland is voting to add a new location to Decentraland’s Points of Interest list. Voting ends March 25.
    • ENS DAO is voting on an update to the Endowment Manager’s permissions that removes deprecated permissions and upgrades the Roles instance. Voting ends March 26.
  • Unlocks
    • March 25: Humanity (H) to unlock 4.19% of its circulating supply worth $10.1 million.
  • Token Launches

Conferences

Latam Insights: Ripple Accelerates Brazilian Expansion, Brazil Backpedals on Crypto Taxation

info@uweb3.io
-
0
Latam Insights: Ripple Accelerates Brazilian Expansion, Brazil Backpedals on Crypto Taxation

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Ripple makes moves to accelerate its expansion into Brazil, the Brazilian government is reportedly backpedaling on its crypto taxation plans, and Argentina bans access to Polymarket. Ripple Expands Aggressively in Brazil, Targets Institutional […]

Prosecutors flag SBF letter sent from the Bay Area, not prison

info@uweb3.io
-
0
Prosecutors flag SBF letter sent from the Bay Area, not prison

Federal prosecutors told a judge that a letter purportedly sent by Sam Bankman-Fried from prison was actually shipped via FedEx from somewhere else entirely, suggesting someone outside impersonated him.

The filing adds an unusual wrinkle to Bankman-Fried’s post-conviction fight. The FTX founder, sentenced to 25 years for fraud and conspiracy, has been pursuing a new trial from Federal Correctional Institution Terminal Island in San Pedro, California.

Prosecutors say the suspect letter was docketed March 16 but shipped from Palo Alto or Menlo Park, mislabeled the prison as a state facility, and carried a typed “/s/” instead of an actual signature.

Bureau of Prisons regulations bar inmates from sending mail through private carriers like FedEx, prosecutors noted.

Taken together, prosecutors said these discrepancies provide “reason to doubt” the letter was sent by Bankman-Fried.

The government did not accuse the defendant or his associates of fabricating the document, but the filing signals a willingness to challenge the reliability of materials submitted as part of his effort to secure a new trial.

Bankman-Fried has repeatedly argued that he did not receive a fair trial and has pointed to what he claims is new evidence, including the later recovery of customer funds through the FTX bankruptcy process.

Appellate judges have signaled skepticism toward that argument, stressing that the case turned on how customer funds were used and represented at the time, not whether creditors were later made whole.

Boyaa Interactive Plans $70 Million in Further Cryptocurrency Acquisitions

info@uweb3.io
-
0
Boyaa Interactive Plans $70 Million in Further Cryptocurrency Acquisitions

Hong Kong’s Boyaa Interactive International seeks shareholder approval to invest up to $70 million in cryptocurrencies to bolster its Web3 gaming ecosystem. Boyaa Interactive International Limited announced on March 22, 2026, its proposal for a 12-month acquisition mandate to purchase cryptocurrencies. The board plans to seek formal approval from shareholders at the upcoming annual general […]

Layoffs Linked to AI Exceed 90,000 Since 2025

info@uweb3.io
-
0
Layoffs Linked to AI Exceed 90,000 Since 2025

The figures come from data collected by The Alliance for Secure AI, a nonprofit organization that educates the public on the implications of AI. Brendan Steinhauser, CEO of the alliance, has called on politicians to step in and take action against this replacement strategy. Over 90K Jobs Have Been Replaced by AI As artificial intelligence […]

Qubic Sets April 1 Start Date For Dogecoin Attack

info@uweb3.io
-
0
Qubic Sets April 1 Start Date For Dogecoin Attack

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Qubic says it will begin its Dogecoin push on April 1, marking the next phase of a mining strategy that first drew attention through its campaign against Monero. The big question is whether Qubic can turn Dogecoin mining into a live demonstration of its broader thesis: that external proof-of-work can be absorbed into a decentralized compute network and used to strengthen Qubic’s own token economics.

In a series of posts over the weekend, Qubic framed the rollout as both a product launch and a stress test. “Every Dogecoin share mined through the Qubic network gets validated by Oracle Machines: independent computors spread across the network who each verify the share separately. Up to 13 oracle commits per transaction. If the result passes the quorum’s Byzantine fault tolerance threshold (agreement from 451 of 676 computors), it’s validated on-chain.”

Qubic To Launch Dogecoin Mining Offensive On April 1

The team added that Oracle Machines went live on mainnet on February 11 and described Dogecoin mining as “the first real-world external use case built on top of this system.” Those claims line up with Qubic’s March technical updates, which said Dogecoin mining is on track for an April 1 mainnet launch and positioned it as a real-world stress test for the network’s outsourced-computing stack.

Dogecoin ASICs will be able to mine Qubic and receive higher rewards, while mined DOGE will be sold to buy QUBIC on the open market. Part of that purchased supply, it said, would be recycled into mining incentives, while “the rest will be burned,” with the explicit goal of making QUBIC deflationary. Qubic’s official Dogecoin mining explainer similarly says the community is still finalizing how mining revenue will be split between ASIC miners, computors, and broader network incentives.

That makes the April 1 launch more than a simple mining integration. Qubic has been arguing for months that Dogecoin changes its operating model because ASIC-based Scrypt mining can run in parallel with the network’s CPU- and GPU-based AI training, rather than alternating between workloads as it previously did with Monero.

“ASIC miners handle Dogecoin. CPUs and GPUs continue training Aigarth. Both contribute to the network. Neither displaces the other,” Qubic wrote in its March 3 explainer. “The same validation framework can serve price feeds, cross-chain data, and any external information that smart contracts need to act on.”

The backdrop is Qubic’s much more controversial Monero campaign. In August 2025, the project published a post titled “Qubic Performs 51% Monero Network Takeover Demonstration,” claiming it had reached majority hashrate and reorganized the chain. But that version did not hold up cleanly under later scrutiny.

Later independent analyses placed Qubic’s effective share closer to 28% to 35%. Even Sergey Ivancheglo ultimately conceded the operation “should be rebranded into ‘34% attack,’” a nod to the fact that the maneuver looked more like selfish mining than outright majority control.

Dogecoin was not a sudden pivot. By mid-August 2025, after the Monero episode, Qubic’s community had already chosen Dogecoin as its next target for “the following mining season,” with Ivancheglo indicating the transition would take months of development. Qubic’s January and March 2026 updates show that timeline now converging on launch: planning began in January, testing advanced through March, and the dispatcher is already live for test tasks.

At press time, DOGE traded at $0.09.

Dogecoin price chart
DOGE hovers above key support area, 1-week chart | Source: DOGEUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Resolv Labs stablecoin plummets 80% as exploiter mints millions in unbacked USR tokens – DL News

info@uweb3.io
-
0
Resolv Labs stablecoin plummets 80% as exploiter mints millions in unbacked USR tokens – DL News

  • Resolv Labs’ USR stablecoin plummeted after a private key exploit.
  • The attacker minted 80 million USR tokens using less than $200,000 in collateral.
  • Vault curators on Morpho with exposure to USR also suffered damages.

On Sunday, the decentralised finance protocol Resolv Labs revealed that the minting process for its native stablecoin had been exploited.

The attacker created 80 million in unbacked USR tokens after gaining access to the project’s private keys, Resolv Labs said Monday morning.

With those tokens minted, the attacker then swapped the USR tokens for staked versions and swapped them for Circle’s dollar-pegged stablecoin before using those holdings to buy Ether.

All in all, they made off with roughly $23 million in Ether, according to onchain data, and left USR tokenholders in the lurch.

CoinGecko shows that the USR stablecoin is now trading below $0.4, having fallen as low as $0.02.

USR fell as low as $0.20 on Monday. Source: CoinGecko.

The project’s mint and redeem functions have been turned off to mitigate further damage, the Resolv team said.

Resolv Labs’ stablecoin maintains its peg by leveraging trading strategies that balance long and short positions across volatile assets.

When users deposit Ether to mint USR, the protocol simultaneously opens equal short positions — bets the price of Ether will drop — so that no matter the asset’s volatility, the USR token is balanced.

The latest exploit, however, had little to do with this mechanism.

Private key exploit

The exploiter at Resolv Labs was able to mint 80 million USR tokens using between $100,000 and $200,000 in collateral after compromising the project’s private keys, according to Chainalysis.

They were able to override the protocol’s logic after accessing Resolv’s key management service on Amazon Web Services.

Private keys are a critical component of smart contracts, as they allow holders to perform actions they want, such as minting millions of a specific token.

The mint contract had no oracle or max mint checks in place to prevent this action, according to the co-founder of AI-enabled onchain explorer Herd, Andrew Whong.

Interoperability strikes back

Resolv Labs and USR holders weren’t the only victims of the exploit.

Various protocols that had integrated the stablecoin were also hit hard, namely those using a curator model to generate yield for their users.

Morpho Labs, a lending protocol that uses a curator model, provided a stark example of how exploits like Resolv’s can ripple across DeFi.

The Morpho protocol allows third-party managers to customise their lending pools and establish their own security parameters and token listings. These managers are called curators.

The risk falls on the curators of these pools rather than Morpho, should something go wrong.

“I want to reiterate that there is no vulnerability in Morpho contracts. They are safe and operating as intended,” Merlin Egalite, a confounder at Morpo, said on Monday.

“For guidance on vaults that may have exposure to USR or Resolv-related assets, we recommend following the relevant curator communications.”

Gauntlet, Re7 Labs, kpk, and 9summits were Morpho curators that had created customised pools — called vaults — with exposure to USR.

In some cases, these curators had automated liquidity services that continued to provide liquidity to their USR vaults hours after the exploit, further aggravating damages, the founder of Chaos Labs, Omer Goldberg, said.

In total, roughly 15 vaults with more than $10,000 in liquidity were impacted by the Resolv exploit, said Morpho co-founder Paul Frambot.

“Curators have responded quickly to a challenging situation with the Morpho team assisting where needed,” he said.

“That said, we will continue working with curators to further improve the tools available to help them through future events.”

Liam Kelly is DL News’ Berlin-based DeFi correspondent. Have a tip? Get in touch at liam@dlnews.com.

Attacker exploits Resolv USR stablecoin to mint 80 million tokens, cashes out $25M: Resolv Labs

info@uweb3.io
-
0
Attacker exploits Resolv USR stablecoin to mint 80 million tokens, cashes out $25M: Resolv Labs

An attacker has successfully exploited the Resolv USR stablecoin protocol, minting 80 million tokens and withdrawing at least $25 million before the depeg.

An attacker has exploited Resolv Labs’ USR stablecoin to mint 80 million tokens, causing the stablecoin to depeg from its $1 peg. The attacker has reportedly cashed out at least $25 million from the exploit, marking a significant security breach for the protocol.

The incident represents a critical failure in Resolv Labs’ token minting controls and represents a major loss for USR holders and the protocol. Stablecoin exploits of this magnitude underscore ongoing risks in DeFi protocols, particularly around access controls and minting mechanisms.

Sources: ResolvLabs on X, PeckShieldAlert on X

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

Crypto, Stocks Slip on Iran and Trump Threats

info@uweb3.io
-
0
Crypto, Stocks Slip on Iran and Trump Threats

Crypto and the wider markets tumbled on Monday as the US and Iran escalated threats toward one another for the fourth week, sending oil prices seesawing. 

US President Donald Trump posted to Truth Social on Sunday that the US would “hit and obliterate” Iranian power plants, “starting with the biggest one first,” if the country didn’t open the Strait of Hormuz within 48 hours.

Iran responded by saying it will answer any US strikes on its power or water infrastructure with attacks on US and Israeli assets in the Gulf and threatened to completely close the Strait, one of the world’s vital oil shipping lanes. 

Bitcoin (BTC), long seen by its backers as a so-called “safe-haven” asset like gold, dropped 1.8% in the last 24 hours to $68,160, recovering from a low of below $67,600 in late trading on Sunday.

Bitcoin’s price drop caused a surge in liquidations across crypto, with $336.3 million wiped from the market in the last day, with nearly a third of the volume, or $100 million, caused by failed Bitcoin long bets, according to CoinGlass.

Long liquidations (green) sharply increased as Bitcoin (yellow line) dropped under $68,000. Source: CoinGlass

Rachael Lucas, an analyst at the crypto exchange BTC Markets, told Cointelegraph that crypto “is trading in lockstep with equities right now, not as a haven, and sentiment is sitting at historic lows, with the Fear and Greed Index deep in ‘extreme fear’ territory at 8.”

Oil chops, Asia markets fall

Stock markets around Asia also reacted to the escalating threats, with Australian and New Zealand markets both down 0.8%, while Japan had fallen over 4%.

The price of crude oil briefly spiked to a high of just over $100 a barrel in early trading on Monday before quickly dropping to $97.20. It has since steadily climbed to $99.30 at the time of writing. 

Meanwhile, Brent crude oil, considered a benchmark for purchasing oil worldwide, jumped to over $114 per barrel but settled below $113.

Lucas said that the future of crypto markets hinges on the de-escalation of the Iran war and the decisions of the US Federal Reserve.

She added that Brent’s price jump “is feeding inflation expectations, and the probability of a Fed rate hike has jumped from zero to 12.4% in a single week.”

“That is a significant macro repricing that crypto will continue to reflect until there is clarity on both fronts,” she added.

Related: Bitcoin risks 50% drop as BTC’s positive correlation with US stocks grows

Lucas said if the Iran war de-escalates, “crypto would be among the fastest risk assets to recover. However, this conflict has no clear negotiating counterpart and no defined exit timeline, which makes that outcome difficult to call in the near term.”

She added that $68,000 is the “immediate level” to watch for if Bitcoin has support, with $65,800 being “the next meaningful support if that gives way.”

“To the upside, Bitcoin needs to reclaim $71,500 before any recovery narrative gains credibility,” Lucas said.

She added that Bitcoin still had strong institutional support, with $1.43 billion in net inflows to Bitcoin exchange-traded funds so far this month.

“When sentiment is this low and institutional infrastructure is this strong, history suggests the setup for recovery is building, even if the timing remains uncertain,” Lucas said.

Big Questions: Is China hoarding gold so yuan becomes global reserve instead of USD?