HKEX - MARKET CAPITALISATION WAS HK$45.9 TRILLION AT THE END OF MARCH 2026 HKEX - SECURITIES MARKET AVERAGE DAILY TURNOVER IN MARCH 2026 WAS HK$304.0 BILLION

Regulation & Policy - SEC appoints David Woodcock as new enforcement director amid concerns over previous lead, agency's crypto cases - US Treasury unveils proposed stablecoin rules targeting money laundering, sanctions - White House study finds limited risk to banks from stablecoin yields amid regulatory debate Market & Institutional Developments - Morgan Stanley's low-cost spot Bitcoin ETF launches to meet 'growing client interest' in crypto - Morgan Stanley's MSBT bitcoin ETF logs $34 million in first-day volume - Standard Chartered weighs integrating Zodia Custody with corporate bank arm - Canary Capital files spot PEPE ETF application with SEC - Polygon Labs seeking to raise up to $100 million for stablecoin payments business: report Stablecoins & Payments - Crypto card boom hits $600 million monthly volume as USDC gains ground on USDT - Stablecoin volumes could hit $1.5 quadrillion by 2035 as onchain payments begin to rival Mastercard, Visa: Chainalysis - Circle rolls out USDC payments platform that lets users pay without holding stablecoins Technology & Ecosystem - Bernstein says quantum is a 'manageable upgrade cycle' for Bitcoin, not an existential threat - Ethereum Foundation swaps 5,000 ETH into stablecoins for operational and grant funding Security & Incidents - Bithumb turns to legal action to recover lost bitcoin in 'fat finger' incident: report - Bitcoin Depot reveals $3.7 million stolen from company wallets in security breach Crypto Flows & Adoption - Bitcoin payments allowed for Hormuz tanker tolls as Iran seeks up to $2 million per ship: FT

Morgan Stanley will launch its first Bitcoin-tracking ETF, the Morgan Stanley Bitcoin Trust (MSBT), on NYSE Arca Wednesday. Joining over 10 spot-Bitcoin ETFs with $85 billion in assets, MSBT will offer the lowest fees in its category at 14 basis points, undercutting competitors including Grayscale Investments Inc. and BlackRock Inc.. The move signals growing mainstream adoption of Bitcoin.