Tech Headlines

1. RWA Enters "5G-like Standardization" with Launch of Trusted On-Chain Technical Specifications

On March 26, the Technical Specifications for Trusted Blockchain-Based On-Chain Physical Assets (hereinafter referred to as the Specifications) was officially approved and initiated. Spearheaded by the China Academy of Information and Communications Technology (CAICT) and Ant Group’s AntChain, the Specifications were co-authored by nearly 20 companies. This marks a milestone in standardizing Real-World Asset (RWA) tokenization, targeting sectors such as manufacturing equipment and energy infrastructure. The framework outlines a systematic, end-to-end technical process for digitizing physical assets, establishing a trusted digital foundation for the multi-trillion-dollar RWA market.

https://www.news.cn/tech/20250326/87eb347750914848878326560831b44f/c.html

2. Tokenized Gold Hits $1.4 Billion Market Cap, Surging to All-Time High in March

According to CoinDesk Data’s monthly stablecoin report, the total value of tokenized gold reached a record $1.4 billion in March, with trading volumes hitting annual highs. Tether’s gold-backed XAUT and Paxos’ PAXG dominated the market, holding $749 million and $653 million in market cap, respectively. The report noted that the overall stablecoin market surpassed $231 billion in March, marking 18 consecutive months of growth. Tether’s USDT reached a historic high of $144 billion but saw its market share dip to 62.1%—the lowest since March 2023—amid intensifying competition. Circle’s USDC, the second-largest stablecoin, grew by 7% to nearly $60 billion in a month.

https://www.coindesk.com/markets/2025/03/27/tokenized-gold-hits-new-record-market-cap-as-trading-volumes-soar-in-march

3. U.S. DoD-Backed Constellation Launches "Digital Evidence" System for Tamper-Proof Compliance

U.S. blockchain infrastructure firm Constellation Network announced the launch of its "Digital Evidence" system, a blockchain-based solution designed to provide tamper-proof data recording for law enforcement and public service agencies. The company previously collaborated with the U.S. Department of Defense (DoD) on the "Iron SPIDR" project for six years. The system integrates with Panasonic’s TOUGHBOOK devices for data collection in scenarios like police vehicles and firefighting equipment. Constellation claims the technology reduces compliance costs and enhances data credibility via "Smart Certification" markers. Pilot programs are underway across public safety, retail analytics, and intellectual property protection.

https://cointelegraph.com/press-releases/constellation-network-launches-digital-evidence-to-unlock-the-trillion-dollar-transparency-economy

Industry Dynamics

1. U.S. SEC Nominee Chairman Atkins Prioritizes Clear Crypto Regulations, Calls for "Back to Basics" Approac

On March 28, Coinbase’s Chief Legal Officer Paul Grewal highlighted key takeaways from Senate Banking Committee hearings on Paul Atkins’ nomination as SEC Chair:

• Atkins emphasized a commitment to a transparent SEC that actively engages industry and consumer stakeholders, signaling a shift from prior regulatory approaches.
• Atkins declared digital assets as the SEC’s top priority for 2025, stressing the need for viable regulations to unlock U.S. innovation, expand investor markets, and reaffirm America’s leadership in tech and finance.
• Atkins and Monetary Advisor nominee Jonathan Gould pledged to halt aggressive regulatory actions targeting crypto firms, stating it’s time for the SEC to "get back to basics." Grewal expressed optimism about Atkins’ confirmation and his potential to modernize regulatory frameworks.

https://x.com/iampaulgrewal/status/1905347527219556859

2. U.S. Senate Passes Bill to Repeal Controversial IRS Crypto Tax Rule; Trump Expected to Sign

The U.S. Senate voted 70-28 to repeal a controversial IRS rule requiring DeFi platforms to act as brokers and report user transactions via Form 1099. The bill, now headed to President Trump for signing, drew criticism from privacy advocates and DeFi developers for its broad definition of "broker." White House crypto advisor David Sacks confirmed the administration’s support, calling it a win for innovation. Industry leaders praised the repeal as a step toward fostering a more transparent regulatory environment.

https://www.theblock.co/post/348358/senate-votes-to-repeal-controversial-irs-rule-trump-expected-to-sign?utm_source=browser&utm_medium=chrome&utm_campaign=notification

3. SEC to Host Four Crypto Regulatory Roundtables in Q2 2025

The U.S. SEC announced four public roundtable discussions from April to June 2025, focusing on crypto-related regulatory challenges:

April 11: Tailoring Regulation for Crypto Trading"

April 25: "Critical Issues in Crypto Custody"

May 12: "Tokenization of Assets and Integration with Traditional Finance"

June 6: "DeFi and the American Spirit"

SEC Commissioner Hester Peirce dubbed this initiative the "Spring Sprint to Crypto Clarity," signaling a shift from enforcement-first tactics to collaborative framework-building. All sessions will be live-streamed and open to public participation.

https://www.sec.gov/newsroom/press-releases/2025-57

4. Hong Kong Aims to Become Global Crypto Hub with Stablecoin Regulatory Framewor

Hong Kong Monetary Authority (HKMA) Vice-Chairman Chen Weimin confirmed that stablecoin issuance regulations are under legislative review, with goals to establish Hong Kong as a leading crypto center. The framework addresses risks such as reserve management, liquidity, and anti-money laundering (AML) compliance.

Chen emphasized Hong Kong’s commitment to fostering innovation through its virtual asset roadmap, collaboration with the Securities and Futures Commission (SFC), and exploring central bank digital currency (CBDC) applications for efficient cross-border payments and tokenization.
https://www.wenweipo.com/a/202503/27/AP67e5188be4b0d454b52cd5ab.html

In-Depth Analysis

1. Monetary Revolution: Satoshi Nakamoto’s Disruption of Human Society

Bitcoin represents more than technology—it redefines societal structures. Satoshi’s core innovation lies not in cryptography or code, but in reimagining how humans organize trust and value. This piece explores Bitcoin as a sociopolitical experiment, challenging traditional monetary systems and centralized authority.

https://starkware.co/integrity-matters-blog/fixing-money-satoshis-disruption-of-human-society/

2. Exposing Crypto Cartels: Data Manipulation and Asymmetric Harvesting Schemes

This investigative piece reveals how venture-backed projects manipulate token liquidity to artificially inflate prices:

• Overstating token availability to mislead investors.
• Restricting token access to key holders to enable price manipulation.
• Using hidden supply control to create artificial scarcity and drive price surges.
• Transitioning from low liquidity/high FDV to "false liquidity"/high FDV trends to justify valuation.

https://www.panewslab.com/zh/articledetails/k3a7s3iq.html