PA Daily News | Dubai Releases New Regulations for Crypto Derivatives; Keyrock Completes Series C Funding, Valuation Reaches $1.1 Billion

  • Regulation & Macro: People's Bank of China continues moderately loose monetary policy; Ministry of Industry warns of OpenClaw imitation risks; Dubai releases crypto exchange derivatives regulatory framework; Russia approves crypto regulation bill with annual limit for non-qualified investors; White House hopes to reach agreement with Iran by April 6.
  • Project Updates: Binance to remove multiple spot trading pairs and launch prediction market; Alipay releases payment integration Skill; Ant Group completes HK$2.814 billion acquisition of Yaocai Securities; edgeX launches EDGE airdrop query and opens trading; OpenEden extends token lock-up period; Animoca Brands launches AI creation platform AliBAE; Google warns of quantum security vulnerabilities in blockchain; Nasdaq cancels minimum public float threshold; Upbit lists SKY and USDS tokens; Cardano launches privacy chain Midnight; Coinbase to list EDGEX.
  • Investment & Financing: Keyrock completes Series C funding with $1.1 billion valuation; Starcloud raises $170 million Series A; Valinor raises $25 million seed round; Midas raises $50 million Series A.
  • Security & Views: SlowMist warns of malicious axios versions and OpenClaw risks; 360 discovers high-risk OpenClaw vulnerability; Arf's official X account hacked.
  • Key Data: New wallet withdraws 1,000 BTC; Bhutan government sells 325 BTC; whale withdraws 1,635 BTC from CEX; Bitmine increases ETH holdings by 71,179; Strategy's Bitcoin holdings unchanged.
Summary

Today's top news highlights:

Dubai releases regulatory framework for cryptocurrency exchange derivatives trading

Russia approves cryptocurrency regulation law: Non-accredited investors limited to 300,000 rubles per platform per year for purchases.

Ant Group's HK$2.8 billion acquisition of a 50.55% stake in Bright Smart Securities, a Hong Kong-based stablecoin concept stock, has been completed.

EdgeX has launched an EDGE airdrop tracking page, and trading will open at 20:30.

Upbit will list SKY and USDS tokens on the Korean Won and USDT markets.

Digital asset services company Keyrock has completed a Series C funding round led by SC Ventures, valuing the company at $1.1 billion.

RWA infrastructure company Midas has raised $50 million in Series A funding, led by RRE and Creandum.

Bitmine purchased 71,179 ETH last week, bringing its total holdings to 4.732 million ETH.

Regulation & Macro

The People's Bank of China stated that it will continue to implement a moderately loose monetary policy and increase counter-cyclical and cross-cyclical adjustments.

The Monetary Policy Committee of the People's Bank of China held its first quarterly meeting (the 112th overall) of 2026 on March 26. The meeting concluded that current macroeconomic policies are more proactive, monetary policy remains moderately loose, social financing costs are at historically low levels, and the RMB exchange rate is basically stable at a reasonable and balanced level. The meeting proposed continuing to implement a moderately loose monetary policy, increasing counter-cyclical and cross-cyclical adjustments, maintaining ample liquidity, ensuring that the growth rates of social financing and money supply are aligned with economic and price targets, strengthening policy interest rate guidance, regulating credit market operations, reducing financing intermediary costs, and monitoring changes in long-term yields from a macro-prudential perspective. The meeting also emphasized making good use of structural monetary policy tools to support expanding domestic demand, technological innovation, and small and micro enterprises, and promoting high-level two-way opening up of the financial sector.

The Ministry of Industry and Information Technology's NVDB warning: Beware of fake OpenClaw download websites and installation files.

The Ministry of Industry and Information Technology's Network Security Threat and Vulnerability Information Sharing Platform (NVDB) has detected that attack groups are exploiting the popularity of OpenClaw (commonly known as "Lobster") by impersonating OpenClaw download websites and installation files to lure users into downloading installation files containing malicious programs. Once a user runs the installation file containing malicious programs, the file will secretly load the malicious program on the terminal device, releasing and implanting a remote control Trojan horse, which may lead to network attacks, system control, and information leakage. Currently, the impersonated domain names detected include: ai-openclaw.com.cn and web-openclaw.com.cn, and the malicious installation package names include: openclaw.zip, openclawAI7beAolenc.zip, openclaw.exe, and opeaaleAi_7beAole-x64.exe. Users are advised to download and install OpenClaw and its skill plugins through trusted channels, and to be cautious about clicking on unknown links to prevent network attack risks.

Dubai releases regulatory framework for cryptocurrency exchange derivatives trading

The Dubai Virtual Asset Regulatory Authority (VARA) has released a formal regulatory framework for cryptocurrency exchange-traded derivatives, allowing retail clients to participate in trading after passing a suitability assessment. The new rules cover requirements such as client suitability, leverage and margin controls, asset segregation, disclosure standards, and regulatory intervention powers. Retail investor leverage is capped at 5x, and exchanges must restrict access to products if they are unsuitable for specific client groups. VARA stated that during periods of market stress or trading turmoil, the regulator has the authority to intervene, including suspending products, requiring liquidation, and increasing margin requirements. In emergencies, it can require immediate action without prior notice.

Russia approves cryptocurrency regulation law: Non-accredited investors limited to 300,000 rubles per platform per year for purchases.

According to Bits.media, the Russian government has approved a package of cryptocurrency regulations, including an annual limit of 300,000 rubles (approximately $3,300) for non-accredited investors to purchase cryptocurrencies through a single broker. Purchases are limited to highly liquid digital assets listed by the central bank and require passing a test. Accredited investors, while still subject to testing, have no monetary limit. Transactions through regulated intermediaries are permitted, but transactions without intermediaries are prohibited. Russian citizens can purchase cryptocurrencies abroad, but must use overseas accounts for payments and report such transactions to the tax authorities. Administrative penalties primarily target violating exchange institutions, not individual investors. The bill will be submitted to the State Duma for review in the coming days.

White House: Trump hopes to reach an agreement with Iran by April 6.

According to a report by Xinhua News Agency cited by CLS, White House Press Secretary Levitt stated on March 30 that President Trump hopes to reach an agreement with Iran before the April 6 deadline. Trump had previously stated that, at the request of the Iranian government, he would suspend strikes against Iranian energy facilities for 10 days, resuming at 8 PM Eastern Time on April 6.

Project Updates

Binance will remove several spot trading pairs, including ALT/BNB and ARB/TUSD.

Binance will remove and cease trading the following spot trading pairs on April 2, 2026 at 11:00 AM (UTC+8): ALT/BNB, ARB/TUSD, BNB/ARS, GALA/ETH, INJ/BNB, SOLV/FDUSD, and XRP/TUSD.

Binance Wallet will launch a prediction market, integrating Predict.Fun as a provider.

According to the official website, Binance Wallet will launch a prediction market feature, with Predict.fun, a third-party service provider, handling event creation and outcome determination. This will allow users to bet on the future outcomes of events in sports, economics, world events, culture, and cryptocurrencies. Each "yes" or "no" bet is priced between $0.01 and $0.99, with a payout of $1 per bet for a correct prediction. Users need to update the Binance App to iOS 3.11.1 or Android 3.11.2 or later, access the prediction market at the top of the market page, create a prediction account, and then trade using USDT from their spot or cash accounts. Binance does not directly manage market events nor act as a counterparty. This feature may not be available in some countries or regions.

Alipay releases payment integration Skill

Alipay has released China's first "Payment Integration Skill," which deeply encapsulates basic payment capabilities into standardized components. In addition, Alipay has upgraded its "sandbox environment," allowing developers to complete end-to-end payment testing without real funds or officially launched payment products.

Ant Group's HK$2.8 billion acquisition of a 50.55% stake in Bright Smart Securities, a Hong Kong-based stablecoin concept stock, has been completed.

According to Caixin.com, Ant Group has completed the acquisition of Bright Smart Securities, a Hong Kong-listed stablecoin concept stock, for HK$2.814 billion, acquiring a 50.55% stake. Bright Smart Securities' board of directors has been completely reorganized, with Zheng Yanlan, the current head of the overseas business preparation team of Ant Fortune under Ant Group, Huang Hao, the current senior vice president of Ant Group, and Liu Zheng, the current chief financial officer of Ant Group, being appointed as executive directors.

EdgeX has launched an EDGE airdrop tracking page, and trading will open at 20:30.

The decentralized derivatives trading platform edgeX has launched an EDGE airdrop query page and will open EDGE token trading at 20:30 today.

OpenEden: All team and advisor tokens will remain locked for another 9 months, and the unlocking period will be extended accordingly.

OpenEden announced on the X platform that all its team and advisor tokens will remain locked for another 9 months, and the overall unlocking period will be extended by the same amount. Therefore, the unlocking period for all team and advisor tokens will be postponed to January 2027.

Animoca Brands launches AliBAE, an AI-powered content creation platform powered by Alibaba Cloud's Tongyi Qianwen model.

According to its official blog, Animoca Brands has launched AliBAE, an AI-powered content creation platform powered by Alibaba Cloud's Tongyi Qianwen model. Employing a "build-as-you-go" model, AliBAE allows creators to produce AI-assisted content and applications, earning CHECK tokens as rewards based on the quality of their work and their community contributions. The platform is currently open for early access, initially launching two events: Animoca Minds and King's Gambit, offering a total bounty pool of 100,000 CHECK tokens.

Google: Most blockchains rely on the vulnerable ECDLP-256 protocol; resistance to quantum migration is urgently needed.

In a recent blog post, Google's Quantum AI team pointed out that most blockchain technologies and cryptocurrencies rely on the vulnerable ECDLP-256 protocol. While viable solutions such as post-quantum cryptography (PQC) exist, implementation will take time, increasing the urgency of action. Google has previously set a timeline for quantum-resistant cryptography migration to 2029 and is collaborating with institutions such as Coinbase, the Stanford Blockchain Research Center, and the Ethereum Foundation to advance related work.

Starting May 1st, Nasdaq will remove the 10% minimum free float requirement and introduce a new "fast track" rule.

Nasdaq announced that starting May 1, 2026, it will officially remove the 10% minimum free float threshold and introduce a new "fast track" rule, allowing mega-IPOs to be included in the Nasdaq 100 index within approximately 15 trading days.

Upbit will list SKY and USDS tokens on the Korean Won and USDT markets.

South Korean cryptocurrency exchange Upbit will list SKY and USDS tokens on the Korean Won and USDT markets.

Cardano founders launch Midnight, a privacy blockchain employing ZK technology and a dual-token model.

According to The Block, Cardano founder Charles Hoskinson announced the launch of the privacy-preserving blockchain Midnight, whose genesis block was generated on Monday. Midnight uses zero-knowledge proof (ZK) technology, allowing users to selectively disclose or hide data while supporting compliance requirements. Its hybrid ledger can mix public and private data in a single transaction and supports shielded assets that hide balances and counterparty information. Midnight employs a dual-token model: the governance token NIGHT serves as a store of value for the ecosystem, and holders receive renewable Gas tokens DUST, which are generated proportionally to holdings and can be transferred to others to pay transaction fees. The network launched a one-year NIGHT airdrop to 37 million eligible wallets last December.

Coinbase will list EDGEX (EDGEX)

According to an official announcement, Coinbase will add support for EDGEX (EDGEX). Users can now generate EDGEX deposit addresses on coinbase.com, the Coinbase App, and Coinbase Exchange. EDGEX deposit functionality will be available after the EDGEX issuer enables transfers.

Investment and financing news

Digital asset services company Keyrock has completed a Series C funding round led by SC Ventures, valuing the company at $1.1 billion.

According to CoinDesk, Belgian digital asset services company Keyrock has completed a Series C funding round led by Standard Chartered's SC Ventures, valuing the company at $1.1 billion. Ripple participated as an existing investor. The round is still open for further funding, with a maximum size of $100 million. The new funds will be used to strengthen the balance sheet, expand the product line, and pursue acquisition opportunities.

Founded in 2017, Keyrock provides market making, asset management, OTC trading, and options services, operating across more than 80 centralized and decentralized trading platforms, with over 200 employees worldwide. Last September, the company expanded its asset and wealth management business through the acquisition of Turing Capital.

Space computing startup Starcloud has raised $170 million in Series A funding, led by Benchmark and others.

Space computing startup Starcloud announced the completion of a $170 million Series A funding round at a valuation of $1.1 billion, led by Benchmark and EQT Ventures, bringing its total funding to $200 million to date.

Starcloud is reportedly set to launch Starcloud 2 later this year, featuring multiple GPUs, including Nvidia Blackwell chips, AWS server blades, and a Bitcoin mining rig. CEO Philip Johnston has declared Starcloud 2 will be the first space-based Bitcoin mining satellite and stated that space mining is the future. In addition, the company is developing a data center spacecraft called Starcloud 3, expected to be launched by SpaceX's Starship heavy-lift rocket.

Valinor raises $25 million in seed funding, led by Castle Island Ventures.

According to Fortune, Valinor, a startup founded by former Blackstone private lending team members, announced the completion of a $25 million seed funding round led by Castle Island Ventures, with participation from Susquehanna's crypto division, the founders of Maven11 and TeraWulf, among others. Co-founded by Connor Dougherty and Lily Yarborough, Valinor plans to migrate private lending to the blockchain, replacing traditional loan processes that rely on forms and manual review with smart contracts to improve the efficiency of "rules-driven" loans such as the $50 million revolving credit line.

RWA infrastructure company Midas has raised $50 million in Series A funding, led by RRE and Creandum.

According to CoinDesk, RWA infrastructure company Midas has completed a $50 million Series A funding round, led by RRE and Creandum, with participation from Framework Ventures, Franklin Templeton, and Coinbase Ventures. Midas will use the funds to expand its "Midas Staked Liquidity" (MSL) system. This system enables instant redemption of on-chain yield tokens by setting up an independent liquidity layer alongside products and using pre-allocated funds to meet redemption demands, thus solving the liquidity problem of traditional "vault-style" structures that require queuing for redemptions.

Opinions & Analysis

SlowMist: Be aware of the risks associated with malicious axios versions 1.14.1/0.30.4 and the global npm installation history of OpenClaw.

360 AI Agent discovered a high-risk vulnerability in OpenClaw, potentially affecting 170,000 instances worldwide.

360 Digital Security Group has announced that its independently developed 360 Multi-Agent Collaborative Vulnerability Discovery System has identified a high-risk vulnerability in the OpenClaw platform: a MEDIA protocol prompt injection vulnerability that bypasses tool privileges and leaks local files. This vulnerability has been officially confirmed by the China National Vulnerability Database (CNNVD), affecting over 50 countries and regions worldwide, with more than 170,000 publicly accessible OpenClaw instances at risk. The core risk of this vulnerability lies in the fact that the MEDIA protocol operates at the output post-processing layer, completely bypassing platform tool policy controls. Even if the agent disables all tool calls, attackers can launch attacks with only basic group chat member privileges, directly stealing sensitive server information and easily triggering subsequent network attacks.

Warning: Arf's official X account has been hacked. Please do not interact with it.

Important data

A new wallet withdrew 1,000 BTC from Binance, worth $67.25 million.

The Bhutanese government is suspected of selling 325 BTC, worth $25.19 million.

A certain whale withdrew a total of 1,635 BTC from CEXs in the past week, equivalent to approximately $110 million.

Bitmine purchased 71,179 ETH last week, bringing its total holdings to 4.732 million ETH.

According to PR Newswire, Bitmine Immersion Technologies (BMNR) disclosed that it purchased 71,179 ETH last week, bringing its total holdings to 4,732,082 ETH, representing approximately 3.92% of the total ETH supply. Of these, 3,142,643 ETH are currently staked, amounting to approximately $6.3 billion at $2,005 per ETH. The company stated that its crypto assets, "moonshots" investments, and cash total approximately $10.7 billion, including 197 BTC, a $200 million investment in Beast Industries, a $102 million investment in Eightco Holdings (ORBS), and $961 million in cash.

Strategy did not increase its Bitcoin holdings last week, and its holdings remain at 762,099 BTC.

In its latest regulatory filing, Strategy disclosed that as of the week ending March 29, 2026, the company did not purchase any new Bitcoins, maintaining its holdings at 762,099; at the time, this batch of Bitcoins was worth more than $51.5 billion.

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