Futu Holdings has announced that its wholly-owned Cheetah Trading Platform has obtained comprehensive licenses and officially commenced operations, becoming Hong Kong's first licensed virtual asset trading platform operated by a brokerage. The platform will integrate deeply with Futu Securities to provide comprehensive financial services.

Gate News: On March 26, according to Gate market data, as of press time, PROVE (Succinct) is trading at $0.2859, up 16.16% in the last 24 hours, with a high of $0.3868 and a low of $0.2228. The 24-hour trading volume reached $1.7838 million, with a current market cap of approximately $55.7505 million. Succinct is an applied cryptography company building a decentralized prover network dedicated to developing and advancing zero-knowledge proof technology. The company developed SP1, currently the world's fastest zero-knowledge virtual machine, which has been integrated into critical infrastructure, securing over $4 billion in value. In an era of increasingly realistic AI-generated content, Succinct leverages cryptographic technology to capture at the source

Gate News report: On March 24, according to Gate market data, as of press time, CSPR (Casper) is trading at $0.0043, up 32.24% in the last 24 hours, with a high of $0.0046 and a low of $0.0032, and 24-hour trading volume reached $1.1211 million. Current market cap is approximately $67.715 million. Casper is a Proof of Stake (PoS) Layer 1 blockchain designed to bring real-world assets on-chain. The network launched on mainnet in March 2021 and operates on CBC Casper consensus, a deterministic protocol that provides instant finality, which is critical for financial transactions, regulated assets, and enterprise workflows. Casper is among the first Layer 1 networks to support multiple virtual machines running in parallel, enabling those with different technologies

South Korea's People Power Party held a closed-door meeting on March 23rd with representatives from major cryptocurrency exchanges to discuss the abolition of the virtual asset taxation system scheduled for implementation in 2027, and to hear proposals on stablecoin issuance and legislation. Party whip Song Yeon-seok has proposed amending the Income Tax Law to address the double taxation issue.

Gate News - On March 21, South Korea's National Tax Service plans to complete the selection of virtual asset custodian service providers in the first half of this year. This initiative stems from a virtual asset theft incident that occurred last month, when the National Tax Service accidentally leaked mnemonic phrase information while announcing the results of an on-site investigation, resulting in the seized virtual assets being stolen twice.

Gate News reported that on March 21, Hong Kong Securities and Futures Professionals Union Chairman Chen Zhihua commented on the controversy surrounding brokers' "pre-registration of designated bank accounts" for customers. He stated that although the regulatory circular proposes establishing a bank account registration mechanism with caps, the related practices may stem from inappropriately applying virtual asset regulatory concepts (such as pre-approval of wallet addresses) to the traditional securities industry.

Police in Wanshan District, Tongren City, Guizhou Province, China have cracked a virtual currency trading fraud case. The victim was defrauded of 7118 USDT, equivalent to over 50,000 yuan. The scammers used read-only wallets and cash displays to gain trust before quickly transferring assets. Police remind the public that virtual currency trading carries high risks and requires careful verification of wallet address authenticity.

The Hong Kong Securities and Futures Commission's Q4 2025 report shows that Hong Kong's virtual asset market continues to grow, with listed digital asset ETFs experiencing significant increases in total market value, and tokenized retail money market fund assets under management also rising notably. Fund net inflows surged 118.5%, demonstrating active market conditions.

The Procuratorate of Yuetang District, Xiangtan City, Hunan Province announced a verdict in a money laundering case. Eight defendants were sentenced for concealing telecom fraud proceeds through virtual currency and counterfeit Moutai liquor transactions, with the case involving more than 6.84 million yuan. The criminal group used sophisticated methods to disguise illegal proceeds as legitimate income. They were ultimately discovered by police and subjected to a full-chain crackdown.