Weekly Preview | California Opens Application Channel for Digital Asset Licenses; Aptos (APT) Unlocks Tokens Worth Approximately $10.5 Million

  • March 9: California opens applications for digital asset license regulations; Sharplink holds 2025 earnings call; DoubleZero launches second phase delegation plan to optimize Solana validator distribution; Neutron pauses functions for bug fix; Nexira conducts TGE; Movement token unlock.
  • March 10: Binance updates fiat liquidity provider plan, promotional fee rates effective.
  • March 11: U.S. releases February CPI data; UK stablecoin survey deadline; Ethereum Day in Hong Kong focuses on AI, RWA, and DeFi; io.net token unlock.
  • March 12: Polkadot implements economic model reform, DOT total supply capped at 2.1 billion.
  • March 13: Upbit delists SXP and OAS; Fabric ROBO token claim deadline; Aptos token unlock.
  • March 14: No events.
  • March 15: Starknet and Sei token unlock.
Summary

Breaking News Preview:

  • California has announced regulations for digital asset licensing, and the application process will open on March 9.
  • Sharplink will hold its 2025 earnings call on March 9.
  • Polkadot plans to implement an economic model reform starting March 12, limiting the total supply of DOT to 2.1 billion tokens.
  • At 8:30 PM on Wednesday, March 11th, the US will release its February unadjusted CPI year-on-year rate and unadjusted core CPI year-on-year rate.
  • Aptos (APT) will unlock approximately 11.31 million tokens at 6:00 AM Beijing time on March 13th, representing about 0.69% of the current circulating supply, with a value of approximately $10.5 million.

March 9

Policy and regulation:

California has announced regulations for digital asset licensing, and the application process will open on March 9.

The California Department of Financial Protection and Innovation recently released the implementing rules for the Digital Financial Assets Act (DFAL), which clearly stipulates 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 process will officially open on March 9th through the national multi-state licensing system, and the regulatory agency has also scheduled industry training on March 23rd.

Project Updates:

Sharplink will hold its 2025 earnings call on March 9.

Sharplink announced that it will hold its 2025 full-year earnings call on Monday, March 9th at 8:30 a.m. ET. Management will release full-year financial results and answer questions from the audience. Investors can listen to the call via toll-free phone, international calls, or a webcast. A "call me" option is also available for quick access. The company stated that a replay will be available approximately three hours after the call ends and will remain available until March 23rd, accessible via phone or the investor page on its website.

DoubleZero will launch the second phase of its delegation program on March 9th to optimize the 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 program on March 9th, reallocating 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 additional SOL in delegation staking incentives, aiming to reduce the increasingly concentrated geographical distribution of Solana validators in Europe and introduce the "multicast" data transmission functionality widely used in traditional finance. Federa stated that one unintended consequence of the blockchain's acceleration is that validators are more inclined to co-locate, similar to the early competition among Wall Street high-frequency traders to place servers close to the NYSE.

Neutron: A white-hat hacker discovered a vulnerability and will release a fix on March 9th.

Neutron, the Cosmos cross-chain smart contract platform, announced on its X platform that a white-hat hacker discovered a vulnerability through its bug bounty program. To fix the vulnerability, a patch is planned to be launched. Currently, the order book and super vault (deposit, withdrawal, etc.) functions are suspended and are expected to be relaunched on March 9. Neutron added that the platform's funds are currently safe and unaffected, and users do not need to take any further action.

Nexira, a cross-game digital asset exchange platform, plans to conduct TGE on March 9th.

Cross-game digital asset exchange Nexira plans to hold its TGE on March 9th. Furthermore, the official announcement states that Commemoration Bonuses will be launched soon. Nexira originally scheduled the TGE for February 25th, but due to the extended Lunar New Year holiday at centralized exchanges, the team decided to postpone it by 5 to 10 days. Additionally, the official announcement states that the Ruby reward will be increased to 150 million or more (originally 50 million). The team is continuously verifying airdrops to detect fraud and farming activities.

Token unlocking:

Movement (MOVE) will unlock approximately 164 million tokens at 8 PM Beijing time on March 9th, representing about 5.18% of the current circulating supply, worth approximately $3.4 million.

March 10

Exchange:

Binance updates its fiat liquidity provider program; promotional transaction fees will take effect on March 10.

Binance has updated its fiat liquidity provider program. As part of an ongoing promotion, the order book rebate rate for secondary USD trading pairs will be adjusted from -0.01% to -0.015%. The promotional rate will be effective from 08:00 on March 10, 2026, until further notice. Performance reviews will begin at 08:00 on March 2, 2026.

March 11

Macroeconomics:

At 20:30 on Wednesday, March 11, the US will release the February unadjusted CPI year-on-year rate and unadjusted core CPI year-on-year rate; as well as the February seasonally adjusted CPI month-on-month rate and seasonally adjusted core CPI month-on-month rate.

Policy and regulation:

The UK Financial Services Regulatory Commission has launched an investigation into stablecoins, with the comment period ending on March 11.

The UK Financial Services Regulatory Commission has launched a stablecoin investigation, inviting opinions from various sectors on the growth of stablecoins in the UK and proposed regulatory issues. The deadline for submitting written opinions is March 11, 2026.

The survey included six questions related to stablecoins:

  • The development of the global stablecoin market and its issuance since 2014, and a comparison of the UK market with the US and EU markets;
  • The future development prospects, user groups and uses of UK pound-denominated stablecoins, and the impact of current regulatory rules;
  • The opportunities and risks that stablecoins (denominated in British pounds and US dollars) pose to the UK economy, financial services industry and retail users, including potential impacts on monetary policy, traditional financial intermediaries and financial crime;
  • The impact of stablecoin development on the statutory objectives of the Bank of England (BoE), the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA);
  • The impact of the proposed regulatory regime by the Bank of England and the FCA on the adoption of systemic and non-systemic stablecoins in the UK and internationally;
  • Lessons the UK can learn from the stablecoin regulatory experiences of jurisdictions such as the US and the EU.

Community activities:

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

Ethereum Day: AI / RWA / DeFi, co-hosted by the Ethereum Foundation's Ethereum Everywhere team, SNZ, and EHTAO, will be held on March 11th at the Hong Kong Ethereum Community Hub. The event will feature Ethereum Foundation representatives Adrian Li and Tiana Sekharan, focusing on the convergence and integration of three cutting-edge fields: AI, RWA, and DeFi. The agenda includes the Ethereum Foundation's 2026 year-end update, as well as two in-depth discussions on "How RWA Connects CeFi and DeFi" and "The Synergy Between AI and Blockchain."

Token unlocking:

io.net (IO) will unlock approximately 13.29 million tokens at 8 PM Beijing time on March 11th, representing about 4.37% of the current circulating supply, worth approximately $1.3 million.

March 12

Project Updates:

Polkadot plans to implement an economic model reform starting March 12, limiting the total supply of DOT to 2.1 billion tokens.

Polkadot will implement a series of economic architecture adjustments starting March 12, 2026. The core of this reform includes: setting the total supply cap for DOT at 2.1 billion; introducing a Dynamic Allocation Pool (DAP) to replace the existing Treasury burn mechanism, depositing transaction fees, Coretime sales revenue, and slashes into a permanent account for dynamic budget allocation; and issuing 13.14% of the remaining supply every two years, with the initial issuance being 53.6% less than the current model. Furthermore, the staking mechanism will undergo a major update: starting in mid-to-late March, validators will be required to hold at least 10,000 slashable self-stakes, with 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

Exchange:

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

Upbit will remove Solar (SXP) and Oasys (OAS) from its platform on March 13.

Project Updates:

Fabric: ROBO token redemption continues until March 13th

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

Token unlocking:

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

March 14

None available

March 15

Token unlocking:

Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing time on March 15th, representing 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 PM Beijing time on March 15th, representing about 1.00% of the current circulating supply, with a value of approximately $3.6 million.

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Author: 一周预告

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