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The Web3 asset data platform RootData has outlined the Web3 business partners of Zero Hash, whose partners cover key areas such as asset management institutions, payment channels, public chain infrastructure, and stablecoin systems, and are building a cooperative network centered on compliance clearing and asset access.Structurally, Zero Hash is committed to becoming a B-end crypto financial infrastructure provider, offering institutions a one-stop capability of "fiat currency → crypto assets → multi-chain circulation → stablecoin settlement":Upstream, it connects asset management and financial platforms such as Morgan Stanley, Franklin Templeton, and Republic; on the funding entry side, it interfaces with payment and fiat channels like Stripe, Ramp, and Transak; at the infrastructure level, it covers multi-chain infrastructures such as Ethereum, Solana, Polygon, Avalanche, and Aptos; at the same time, it connects with stablecoin systems like Circle, Tether, Paxos, as well as PYUSD and RLUSD, completing clearing and settlement support.In addition, Zero Hash, as one of the few infrastructure providers holding money transmission licenses (MTL) in multiple U.S. states and possessing complete regulatory framework adaptation capabilities, has a very clear common characteristic among its partners: funding entry (banks/payments), asset carriers (stablecoins/public chains), or distribution platforms (financial products/applications). Related collection 【Zero Hash Web3 Partner Network Collection (Continuously Updated)】Crypto projects actively showcasing their partner networks has become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to claim data and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple versions of the crypto project ecosystem map, nominating Web3 ecological partners for upstream clients such as Visa, Mastercard, and Coinbase.If you wish to nominate your project in future ecosystem maps, please fill out the 【RootData 2026 Industry Ecosystem Mapping】 form to supplement your important clients and partners.

ChainCatcher live report, HashKey RWA CEO Anna Liu delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. She introduced that Hashkey Chain has deployed 11 tokenized products, with the total value of on-chain RWA assets reaching 2 billion Hong Kong dollars. The exchange has launched seven tokenized products, including Hong Kong's first tokenized gold ETF.She addressed the four major challenges of RWA: first, the authenticity of underlying assets; blockchain cannot guarantee the authenticity of data before it is on-chain, and the oracle problem is a core issue; second, the lack of a commercial closed loop; many projects go on-chain just for the sake of going on-chain, and new value must be created that traditional methods cannot achieve; third, the liquidity dilemma; even compliant STO exchanges in the U.S. often have daily trading volumes of only a few tens of thousands of dollars, requiring high-quality assets, licensed distribution channels, and secondary market infrastructure to be in place simultaneously; fourth, the complexity of cross-border compliance, suggesting that resource planning should be included from day one.She proposed that asset tokenization should first ask three questions: Can it be done? Is it suitable? Why tokenize? She cited data indicating that in the first quarter of this year, the global tokenized RWA market size has approached 30 billion dollars, growing over 260% in the past year, with the IMF characterizing it this month as "a fundamental restructuring of the financial architecture."

South Korean crypto venture capital firm Hashed Ventures announced that it has secured an investment of 3 billion KRW (2.2 million USD), with participation from Hecto Innovation and Hecto Financial under the Hecto Group. The new funds will be injected into Hashed Ventures' "Hashed Venture Investment Fund No. 3," focusing on supporting new businesses such as digital asset wallets and stablecoin payment settlements.

ChainCatcher reported live that Ru Haiyang, CEO of HashKey Exchange Group, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival, focusing on three key themes: RWA, payments, and Asian connectivity. He announced that HashKey Exchange officially launched Hong Kong's first physical gold ETF that day, fully compliant with trading and custody regulations in Hong Kong. He also revealed that HashKey has received approval from the Hong Kong Monetary Authority to jointly issue Asia's first true co-branded credit card with Shanghai Commercial Bank.Regarding industry trends, he pointed out that DTCC has received a no-action letter from the U.S. SEC to intervene in the custody and settlement of tokenized assets, Kraken has become the first cryptocurrency institution to connect to the Federal Reserve's FedWire, and Mastercard has acquired the UK blockchain payment company BVNK at an $1.8 billion valuation, indicating that traditional payment institutions have recognized the irreversible trend.In terms of expansion in Asia, he announced that HashKey officially announced its investment in the Vietnamese market on April 10, planning to jointly invest in VPBank, one of Vietnam's largest commercial banks, to help it become one of the first licensed exchanges. HashKey has also signed memorandums of understanding with leading Asian institutions such as Coins.ph in the Philippines, Indodex in Indonesia, Hata in Malaysia, and Bitazza in Thailand to explore cooperation in liquidity integration, cross-border payments, stablecoins, and asset tokenization distribution.

HashKey Chain announced a strategic cooperation with the compliance brokerage infrastructure platform HabitTrade. The two parties will collaborate on the on-chain integration of quality assets and on-chain financial infrastructure, promoting the issuance and circulation of compliant assets.As the first tangible progress, HSKSwap has integrated the open-source securities tokenization protocol Stove Protocol under HabitTrade, supporting on-chain tokenized trading of assets including U.S. stocks.HashKey Chain stated that this cooperation will continuously introduce compliant assets backed by real assets, further improving the on-chain financial infrastructure. In the future, both parties will expand into more asset categories and explore cross-market circulation and on-chain financial application scenarios, promoting the integration of traditional capital markets and the on-chain ecosystem.

Senior Business Manager YuYi from HashKey Chain confirmed attendance at the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum to be held in Hong Kong on April 19, and will participate in a roundtable discussion. This event is co-hosted by ChainCatcher and RootData and is one of the important peripheral activities of the Hong Kong Web3 Carnival Conference.HashKey Chain is a Layer 2 blockchain developed by HashKey Group, utilizing OP-Stack technology, aimed at providing high-speed, low-cost, and developer-friendly blockchain solutions. It bridges Web2 and Web3, supporting innovative applications such as BTCFi, RWA, stablecoins, and PayFi. This forum will focus on the paradigm shift under the deep integration of AI technology and the cryptocurrency network, engaging in in-depth discussions on cutting-edge tracks such as AI Agent economy, smart payments, RWA, and cryptocurrency infrastructure. At the intersection of technological leaps and economic restructuring, this themed forum not only provides insights into the current state of the industry but also offers a forward-looking reflection on the future smart economic system.Event registration: https://luma.com/18v6vwpf

According to CoinDesk, OKX Ventures and HashKey Capital have invested in the Vietnamese cryptocurrency exchange CAEX (Vietnam Prosperity Crypto Asset Exchange) and become its strategic partners.This financing raises CAEX's capital scale to approximately $380 million, reaching the entry threshold of the Vietnamese government's pilot program. This program is launched based on Resolution 05/2025, aiming to provide compliance licenses for local cryptocurrency trading platforms and guide trading activities back to the domestic market.It is reported that OKX and HashKey will provide CAEX with infrastructure, security, compliance, and liquidity support. Vietnam has previously officially recognized cryptocurrency assets and established a regulatory framework through the Digital Technology Industry Law, while strengthening anti-money laundering requirements to promote the compliant development of the industry.

According to on-chain analyst Yu Jin (@EmberCN), addresses related to HashKey Capital transferred 596,000 StakeStone ($STO) to Binance 3 hours ago, valued at approximately $540,000 at the time of transfer.This batch of tokens was credited 5 months ago, when it was valued at about $69,000, appreciating approximately 7 times during the holding period. Previously, the price of $STO rose from $0.1 to $1.8 in just over a day.

According to its first annual SEC 10-K filing, Hashdex's x crypto index exchange-traded fund Nasdaq CME Crypto Index ETF (NCIQ) has expanded its constituent assets to 7 types. In addition to the original BTC, ETH, XRP, SOL, and XLM, ADA and LINK have been added. This expansion means that the ETF further enhances the breadth of multi-asset allocation, covering more mainstream public chains and infrastructure tokens, which helps to diversify the volatility risk of a single asset, while reflecting the ongoing demand from institutional investors for diversified exposure to crypto assets.

According to official news, Sui announced the launch of the Bitcoin financial protocol Hashi.Sui stated that the current market value of Bitcoin exceeds $1 trillion, with less than 0.5% used for DeFi. Hashi aims to promote the application of Bitcoin in the DeFi field and has received support from institutions such as BitGo, Bullish, Erebor Bank, FalconX, Fordefi, and Ledger.

According to market news, the crypto infrastructure company Zerohash has submitted an application to the Office of the Comptroller of the Currency (OCC) seeking to obtain a national trust bank charter.According to the application documents, the trust bank that Zerohash plans to establish aims to provide digital asset custody, fiat currency and other asset custody, staking custody and validation activities, transfer agency services, trade execution, stablecoin management, as well as settlement, clearing, and custody services.Obtaining this charter will not allow Zerohash to engage in traditional banking activities such as accepting deposits or making loans, but it will enable the company to operate under federal regulation, helping to attract more institutional clients.

According to market news, American Bitcoin plans to expand its Bitcoin mining capacity by adding 11,298 ASIC miners. This expansion is expected to increase the company's hash rate by approximately 12%.

According to official news, Hash Global, a leading digital asset investment management institution in Asia, announced that its newly established BNB Yield Fund institutional version ------ BNB Holdings Fund has received an additional strategic support of $100 million from YZi Labs.This additional investment is a further strategic enhancement following YZi Labs' support for Hash Global in launching the BNB Yield Fund aimed at traditional distribution channels and individual investors.This additional investment not only reflects the continuous deepening of the cooperative relationship between the two parties but also marks the formal entry of BNB's institutionalization process into a stage of structural deepening.

According to HashKey Global market data, the HSK price has surpassed $0.1774, with a 24-hour increase of 20.02%.HashKey Global is a global flagship virtual asset exchange under HashKey Group, providing licensed virtual asset trading services to users worldwide. HashKey Global has obtained a comprehensive license for the Digital Asset Investor Protection System issued by the Bermuda Monetary Authority (BMA), offering mainstream trading and service products such as LaunchPool, contracts, and leverage.

According to market news, Swiss technology company Hashgraph Group has launched a EU Digital Product Passport tool based on Hedera, namely the supply chain tracking platform TrackTrace, aimed at helping businesses comply with the upcoming product compliance requirements in the EU.The platform builds verifiable product information audit trails by recording the flow of goods and emissions-related data, and integrates AI agents to automate the compliance reporting process. This move is a response to the Sustainable Products Ecodesign Regulation, which will take effect in July 2024. The regulation establishes a framework for developing product-specific rules that include digital product passports, standardizing the recording and sharing of key product information across the supply chain.The first significant milestone is the passport requirements for electric vehicles and industrial batteries in the EU Battery Regulation, which will come into effect in February 2027. Other priority categories such as textiles, clothing, and steel will be included in the DPP scope starting from July 2027.

VanEck released its on-chain Bitcoin report in mid-February 2026. The report noted, "BTC continues to decline, and market sentiment is weakening: Bitcoin has dropped 29% in the past 30 days, pushing the NUPL (Net Unrealized Profit/Loss) indicator close to the 'anxiety zone' and briefly entering the 'fear zone'.Meanwhile, leverage has completed its reset, and the size of open contracts has fallen back to levels not seen since September 2024. Mid-term holders dominate the distribution, but selling is slowing down: realized selling is still mainly concentrated among those holding for 1 to 5 years, although in the past month, the distribution speed of coins held for over 1 year has noticeably slowed.Miner profit margins are under pressure, and hash rate is contracting: over the past 90 days, the total network hash rate has decreased by about 14%, reflecting tightening mining economics. Historically, similar situations often herald stronger subsequent returns for Bitcoin."

Bitcoin mining has entered a severe phase, with unit hash rate revenue dropping to a historical low of about $35/PH. Affected by a significant market correction, the price of Bitcoin has fallen over 50% from its 2025 peak of $126,000, currently hovering around the $60,000 range. Against this backdrop, the average production cost of a single Bitcoin across the network is approximately $87,000, about 45% higher than the current market price, marking the first large-scale "underwater operation" since the bear market of 2022.CryptoQuant defines the current phase as the "surrender phase," characterized by the accelerated shutdown of old mining machines and a noticeable contraction in overall network hash rate. As a result, the stock prices of listed mining companies such as MARA Holdings and Riot Platforms have dropped over 20% this week, with funds flowing towards more stable traditional assets like gold.Meanwhile, North America's mining hubs (especially Texas) are facing severe winter storms, forcing some mining farms to limit power usage to ensure the stability of the civilian power grid. Coupled with miner exits, the network experienced a historic difficulty adjustment of about 11% on February 9. However, due to the significant drop in coin prices, the profitability recovery effect from the difficulty adjustment is limited.The industry's "Miner Profitability Sustainability Index" has fallen to 21, indicating that, except for a few operators with low electricity costs and high efficiency, most miners have completely compressed profit margins. For companies with electricity prices above $0.05 per kilowatt-hour or those still using older model mining machines, this difficulty adjustment is unlikely to reverse the risk of total shutdown.To cope with the "2026 mining winter," leading companies are accelerating their transition to artificial intelligence (AI) and high-performance computing (HPC). IREN and Core Scientific have redirected some of their data center power capacity to support generative AI businesses to secure more stable long-term contract revenues. Recently, Bitfarms announced a complete exit from Bitcoin mining to focus on its AI strategic transformation.

Guotai Junan Securities released a research report stating that HashKey HLDGS (03887.HK), as a leading licensed digital asset company in Hong Kong, is initiating coverage with a "Buy" rating and a target price of HKD 10.14.The core logic is based on three points: first, the company holds a full license from the Hong Kong Securities and Futures Commission (SFC) under categories 1/7/9, with a market share exceeding 75% and significant compliance barriers; second, institutional business accounts for 85.5%, with Omnibus client trading volume increasing nearly fivefold, and the proportion of institutional revenue is expected to rise significantly to 68% in H1 2025; third, the development of digital asset ETFs is driving institutional demand, and the company's integrated ecosystem (trading + on-chain services + asset management) creates a competitive advantage.In terms of finance, it is estimated that revenue will reach HKD 782 million, HKD 1.211 billion, and HKD 2.338 billion in 2025-2027, with net profit losses gradually narrowing (HKD -1.084 billion, -0.717 billion, -0.047 billion). Using the PS valuation method and referencing comparable companies like Coinbase, a 12x PS is applied, corresponding to a market value of HKD 28.1 billion.

According to a Hong Kong Stock Exchange announcement, the Hong Kong listed company Derlin Holdings has released a report on its Bitcoin mining business, which disclosed a total Bitcoin mining output of 51.937 coins, equivalent to an average daily production of 1.675 Bitcoins. The actual hash rate has increased from approximately 3.36 EH/s on December 31, 2025, to about 4.03 EH/s.In addition, Derlin Holdings also disclosed that it did not sell any Bitcoins in January, and by the end of January, the company's total Bitcoin holdings reached 84.555 coins.