Weekly Preview | California opens digital asset license application process; Aptos (APT) unlocks tokens worth approximately $10.5 million

APT0,08%
DOT1,3%
SOL0,76%
NTRN1,81%

Top News Preview:

  • California announces enforcement of digital asset licensing regulations, license application portal opens on March 9
  • Sharplink to hold 2025 financial results conference call on March 9
  • Polkadot plans to implement economic model reforms starting March 12, DOT total supply limited to 2.1 billion tokens
  • March 11, Wednesday 20:30, US releases February unadjusted CPI year-over-year and core CPI year-over-year
  • Aptos (APT) to unlock approximately 11.31 million tokens at 6:00 AM Beijing time on March 13, representing about 0.69% of current circulating supply, worth approximately $10.5 million

March 9

Policy & Regulation:

California announces enforcement of digital asset licensing regulations, license application portal opens on March 9

The California Department of Financial Protection and Innovation recently released detailed guidelines for the Digital Financial Asset Law (DFAL), stating that any individual or institution providing crypto-related services to California residents must obtain a DFAL license, submit an application, or qualify for an exemption by July 1, 2026. Failure to do so will result in enforcement actions. The license application portal will officially open on March 9 through the multi-state licensing system, with industry training scheduled for March 23.

Project Updates:

Sharplink to hold 2025 financial results conference call on March 9

Sharplink announced it will hold a full-year 2025 performance conference call on March 9 (Monday) at 8:30 AM Eastern Time. Management will release annual financial results and conduct a live Q&A. Investors can listen via free phone, international dial-in, or web stream. The organizer also offers a “call me” callback option for quick access. The replay will be available approximately three hours after the meeting ends, until March 23, accessible via phone or investor webpage.

DoubleZero to launch second phase delegation program on March 9 to optimize Solana validator distribution globally

Founded by former Solana Foundation executive Austin Federa, crypto infrastructure startup DoubleZero will launch its second phase delegation program on March 9, reallocating 2.4 million SOL from its 13 million SOL pool to validators operating in underrepresented regions such as São Paulo, Singapore, Hong Kong, and Tokyo. Each region will receive up to 600,000 SOL in additional delegated staking incentives, aiming to reduce the increasing geographic concentration of Solana validators in Europe and introduce features like multicast data transmission used widely in traditional finance. Federa stated that one unintended consequence of blockchain speedups is validators preferring co-located deployments, similar to early high-frequency trading firms clustering servers near NYSE.

Neutron: White-hat hacker discovers vulnerability, patch to be deployed on March 9

Cosmos cross-chain smart contract platform Neutron announced on X that a white-hat hacker identified a vulnerability through its bug bounty program. A patch will be deployed to fix the issue. Currently, order book and super treasury (deposits, withdrawals, etc.) functions are paused, with plans to resume on March 9. Neutron assured that platform funds are secure and unaffected, and users do not need to take additional action.

Cross-game digital asset exchange Nexira plans TGE on March 9

Nexira, a cross-game digital asset exchange platform, plans to conduct its Token Generation Event (TGE) on March 9. The team also announced that commemorative bonuses will be launched soon. Originally scheduled for February 25, the TGE was delayed by 5-10 days due to CEX extended Lunar New Year holidays. The official also stated that Ruby rewards will be increased to 150 million or more (originally 50 million). The team continues to verify airdrops to detect fraud and farming behaviors.

Token Unlocks:

Movement (MOVE) will unlock approximately 164 million tokens at 8:00 PM Beijing time on March 9, representing about 5.18% of current circulating supply, worth approximately $3.4 million.

March 10

Exchanges:

Binance updates fiat liquidity provider program, promotional fee rates effective March 10

Binance announced an update to its fiat liquidity provider program. As part of ongoing promotions, the maker fee rebate rate for secondary USD trading pairs will be adjusted from -0.01% to -0.015%. The promotional fee rates will take effect from 8:00 AM on March 10, 2026, until further notice. Performance assessments will begin on March 2, 2026, at 8:00 AM.

March 11

Macro Economy:

March 11, Wednesday 20:30, US releases February unadjusted CPI YoY and core CPI YoY; February seasonally adjusted CPI MoM and core CPI MoM

Policy & Regulation:

UK Financial Conduct Authority launches stablecoin investigation, public comments deadline March 11

The UK FCA has initiated a survey on stablecoins, inviting feedback from stakeholders on the growth and proposed regulation of stablecoins in the UK. Written submissions are due by March 11, 2026.

The survey covers six key questions:

  • Development of the global stablecoin market and issuance since 2014, with comparisons to the UK, US, and EU markets;
  • Future prospects, user base, and uses of GBP-pegged stablecoins, and the impact of current regulations;
  • Opportunities and risks stablecoins (GBP and USD pegged) pose to the UK economy, financial services, and retail users, including potential effects on monetary policy, traditional financial intermediaries, and financial crime;
  • Impact of stablecoin development on the Bank of England (BoE), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) statutory objectives;
  • Effects of proposed UK regulatory frameworks on systemic and non-systemic stablecoins domestically and internationally;
  • Lessons from stablecoin regulation experiences in jurisdictions like the US and EU.

Community Events:

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

Organized by Ethereum Foundation’s Ethereum Everywhere team, SNZ, and ETHTAO, Ethereum Day: AI / RWA / DeFi will take place on March 11 at the Hong Kong Ethereum Community Hub. The event will feature Ethereum Foundation representatives Adrian Li and Tiena Sekharan, focusing on the intersection and integration of AI, RWA, and DeFi. The agenda includes Ethereum Foundation’s 2026 update, and in-depth discussions on “How RWA links CeFi and DeFi” and “AI and blockchain collaboration.”

Token Unlocks:

io.net (IO) will unlock approximately 13.29 million tokens at 8:00 PM Beijing time on March 11, representing about 4.37% of current circulating supply, worth approximately $1.3 million.

March 12

Project Updates:

Polkadot to implement economic model reforms starting March 12, DOT total supply capped at 2.1 billion tokens

Polkadot will implement a series of economic adjustments starting March 12, 2026. Key changes include: capping DOT supply at 2.1 billion tokens; replacing the treasury burn mechanism with a dynamic allocation pool (DAP) that funds from transaction fees, Coretime sales, and slashes into a permanent account for dynamic budgeting; releasing 13.14% of remaining supply every two years, with the initial issuance reduced by 53.6% compared to current models. Additionally, staking updates include: validators required to hold at least 10,000 DOT in non-penalizable self-stake from mid to late March, with a minimum commission rate of 10%; from April, nominators will become non-penalizable, and unstaking periods will be shortened from 28 days to 24-48 hours.

March 13

Exchanges:

Upbit to delist Solar (SXP) and Oasys (OAS) on March 13

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

Project Updates:

Fabric: ROBO token claim period extended until March 13

Fabric Foundation announced that the ROBO token claim page is open to eligible users who have signed the terms. Users must claim their ROBO tokens before 11:00 AM on March 13.

Token Unlocks:

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

March 14

No events scheduled.

March 15

Token Unlocks:

Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing time on March 15, representing about 4.40% of current circulating supply, worth approximately $4.8 million.

Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 PM Beijing time on March 15, representing about 1.00% of current circulating supply, worth approximately $3.6 million.

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